The Acadeum payment network is powered by the secure Stripe payment processor. The system of payment allows institutions to easily process payments at the course level, as needed to meet institutional objectives. Teaching institutions establish an additional account on Stripe that allows them to seamlessly invoice and collect funds from home institutions, all powered by Acadeum Course Share.

It is highly recommended that the following articles are read prior to the payment account set-up call:

The above articles are highly recommended to have been read through before the call.

Teaching Institutions establish a 'vendor' payment account directly with our payment processor Stripe through this setup call. You'll need the bank account info you'll be wiring up for payments (i.e., account holder name, ACH routing number, and account number), as well as the school's EIN, and to be in front of your computer. Also, at least one person on the call who will be activating the Teaching Institution vendor account must be listed in the account as having the ability to exercise significant control, as a beneficial owner or significant controller would. This individual does not need to be listed as the PFC for the institution’s account on the platform, but they must be on the payments set up call and handle the creation and activation of the Stripe payments account (please see the setup article above for more explanation here). Furthermore, Stripe will require this individual’s legal name, date of birth, last four of their social, a phone number and home address, and a scanned valid government-issued ID (e.g., a driver’s license or passport). The submitted copy of the ID must meet Stripe's specific requirements for the ID submission process listed below:

  • Clear, non-blurry, no glare, all edges included, nothing blocked, etc.
  • Front and back uploaded
  • In Color
  • Under 10MB in size
  • Under 8000 pixels on any dimension (width or height)
  • In .png or .jpg format
  • Large enough to read
  • Not expired

In addition, the name and date of birth of the individual on the account (i.e., the business owner or significant controller) must exactly match the name on the government-issued ID they submit. If the ID submission does not meet the above requirements, it could potentially cause some delays to the TI's ability to process payments and offer courses on the platform.

For reference, here are the Stripe terms of service, and more specifically here is the agreement language for Stripe Connected Accounts which is used for payments.

Please click on this LINK to schedule a 60-minute call at a time that is convenient.

No technology download is required as Zoom screen share technology will be used. Once you have selected a conference time, you will receive a calendar appointment when the time is confirmed. Once confirmed, you will be sent the calendar invite with the Zoom information. At that time you have edit rights to the calendar appointment in order to add others to the meeting. No technology download is required as Zoom screen share technology will be used. Once you have selected a conference time, you will receive a calendar appointment when the time is confirmed. Once confirmed, you will be sent the calendar invite with the Zoom information. At that time you have edit rights to the calendar appointment in order to add others to the meeting.

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