I started a dropshipping store and the final step is to set up payment processing. The problem is all payment processors require me to have a registered business. I want to test and find a successful product before I do that. I see a lot of dropshipping YouTubers start a brand new store within a day and start selling without legally registering a business. How do I accept payments without registering my business and if I need to what do I have to do? I am based in Iceland.
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Do you know if I need to register a company or is a sole proprietorship enough?