7.1 Create Stripe Account
Guide to Stripe for Monetising Your Network
What is Stripe?
Stripe is a secure payment platform that lets you charge a fee for EV users' sessions on your Charge Point Operator (CPO) network.
How It Works
- Once integrated with the VEV-IQ Platform, customers add their payment method via the app
- Charging session costs are calculated and collected after each session
- As a CPO, you can view all invoices for sessions on your network
Create a Stripe Account
- Visit the Stripe website and click 'Start Now'
- Complete the required information
- Validate your account via the confirmation email
- Click 'Activate your Stripe account'
- Fill in the sections for Business structure, details, representative, and bank information
- Enable two-factor authentication (e.g., via SMS)
- If you don’t have a business website, provide a link to your social media
Set Up an Invoice Template
- In Stripe, go to the 'Invoice Template' section
- Customise the template and define your invoice numbering strategy
- Add necessary business and tax information
- Use the 'Default Memo and Footer' sections to include mandatory business information for your country
The Business website section is mandatory - if you do not have one you can add the link to your LinkedIn, Facebook or Instagram page.
The Product Description section is mandatory - briefly describe your business (for example: We are an electric vehicle charging point operator).