Before you can create listings on LEx, you’ll need a way to receive payment for your sales. For European sellers, this is done by setting up a merchant account with BlueSnap, our payment processing partner. BlueSnap will ask for basic business and banking information as part of a standard onboarding and underwriting process. This is similar to what you’ve likely completed before to accept card payments or B2B transfers. The first time you click "Create New Listing" we'll send you to BlueSnap's onboarding process. After entering some basics, BlueSnap's account application will ask about what you're planning to sell and how much volume you expect to sell on LEx. There's no way predict your LEx sales volume, so you'll need to make some educated guesses. That’s completely fine – these numbers do not need to be exact. Most small to medium-sized breweries enter something like this:
And yes, it’s a bit odd that some amounts are requested in USD rather than EUR – but that’s expected. Just enter your best estimates. On the next step, they'll ask about who controls and owns your business, then, finally, you'll enter your banking details. BlueSnap's underwriting team will reach out to you directly if they need additional documentation or have any questions. Once BlueSnap's underwriting team approves your application, you can create your first listings on LEx. BlueSnap will process buyers’ payments on LEx, and the proceeds from your sales will be paid out directly to the bank account you provide in this application.