US PayPal Account

How To Create a US Stripe Account – International Founder Guide

Trying to setup a US Stripe Account as an international founder? Discover what your options are, and find your right choice by visiting us now

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To create a Personal PayPal account, you’ll have to provide:

  • Your Name
  • Address
  • Phone Number
  • E-mail address
  • A Social Security number

What is Stripe?

Stripe is a versatile payment processing gateway used by companies around the world, like Deliveroo, Lush, Missguided, and Made.com

Using Stripe is great because their set-up process is incredibly easy, and they have a great pricing structure. Furthermore, Stripe can be integrated with your “Create store”, which lets you accept various currencies, as well as credit cards and debit cards

To open a Stripe account, you’ll need:

  • An EIN Number (Which UsaTaxPrepExperts Can Provide!)
  • A physical location in the country of your EIN (Which UsaTaxPrepExperts Can Provide!)
  • A phone number in the US (through UsaTaxPrepExperts partners with a special discount)
  • A Government ID from any country

Are you sure these are the requirements?

Yes! Here are transcripts from our conversation with Stripe to directly confirm the requirements!:

UsaTaxPrepExperts : Hello! I was wondering what are the exact requirements to open a Stripe Business Account?

Stripe: Hi UsaTaxPrepExperts, thanks for reaching out. I see you would like to know the requirements for opening a Stripe account, is that correct?

UsaTaxPrepExperts : Correct!

Stripe: Nice to meet you! In order to open a Stripe account, you’ll need to have the following, in any country Stripe currently supports:

A bank account in that country denominated in a supported transfer currency for that country. For supported transfer currencies by country, see:

https://stripe.com/docs/payouts#supported-accounts-and-settlement-currencies

A tax ID in that country

A physical location in that country at which you are able to receive mail (Cannot be a P.O. box)

A phone number in that country

A government-issued ID, such as a passport or driver’s license, from any country

A working website that shows what your business sells or what services you provide –

https://support.stripe.com/questions/do-i-need-a-website-to-use-stripe

You can see the countries Stripe currently supports here:

https://stripe.com/global

UsaTaxPrepExperts : Do you need a US SSN? And to confirm, do you need to be a resident of one of these countries?

https://stripe.com/global

Or if you have a US company you are able to use Stripe connected to your US company?

Stripe: If you are opening a US account you will need a US tax ID

UsaTaxPrepExperts : Got it so an EIN will work for this? (Employer Identification Number)

Stripe: Yes it i will

UsaTaxPrepExperts : Great! And to confirm, do you need to be a resident of one of these countries?

https://stripe.com/global

Or if you have a US company you are able to use Stripe connected to your US company?

Stripe: You can absolutely open a US Stripe account even if you are not a resident. The requirements I previously provided if for any supported countries. So if you have a US company you can open a US Stripe account.

How long does it take for Stripe to process payments?

Stripe payments can take anywhere from 2 business days to one week depending on your company’s location as long as it is not a high risk business. You can follow this link to find out more about your countries specific pay out date!

Can I access my PayPal account anywhere in the world?

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What currencies are supported by Stripe?

Stripe supports over 135 currencies from every corner of the globe, a wide variety in comparison to other online financial service companies. You can follow this link to find out which currencies are supported!

In conclusion:

Unlike other payment gateways like PayPal, Stripe is optimized as an international payment gateway. UsaTaxPrepExperts  is the perfect service to get you set up with Stripe!

With UsaTaxPrepExperts’s packages, you can get your:

  • U.S. LLC (No matter where in the world you live!)
  • An EIN Number (Which you can use for Stripe, but other gateways like PayPal only accept U.S. SSN’s or ITIN’s)
  • A Bank Account (Which lets you open from anywhere in the world!)

While PayPal may be a good option for U.S. Citizens, Stripe by far-and-away our most highly recommended payment gateway because its geared for international use!

Contact Us Today

Don’t miss out on the opportunity to streamline your business operations with a valid EIN. Reach out to USA Tax Prep Expert at [email protected] to get started. Let’s work together to set your business up for success!

FAQs

Do I need to be a US citizen to work with us ?

No, you don’t! We work with entrepreneurs from around the world to get their businesses incorporated. Don’t take our word for it, though; check out our Wall of Love to hear what people globally have to say about us.

What information do you need from me to get started?

We don’t need any documents to get started. We just need a few pieces of info from you: your company name, your personal address, phone number and email. Later in the process, you’ll need a passport to set up your bank account.

What is an LLC (Limited Liability Company)?

A limited liability company is a formal business structure (created as per state law) where the business is legally distinct from the owner(s). It may have a single owner in the case of a Single-Member LLC or multiple owners in the case of a Multi-Member LLC.

An LLC combines the perks of a corporation (protection against personal liability) and a partnership (pass-through taxation). Since the business has a separate legal existence, the members are not personally liable for the debts and obligations of the Company.

State laws stipulate how LLCs should be incorporated. Some states require specific documents, such as the articles of organization, membership agreement, etc., to be filed with the authorities.Learn more about LLCs and how they work in   for more information

 

What is an EIN?

An Employer Identification Number is the tax identification number for your organization and a requirement of many banks or institutions (such as the IRS) to carry out business in the US. Once your EIN is acquired, you can apply for business bank accounts and payment gateways. Learn more about the full process.

What is an ITIN?

An Individual Tax Identification Number (ITIN) can be used as an alternative for a Social Security Number (SSN) in some cases and is not a requirement in most cases. However, you will be required to have one if you wish to apply for a PayPal account or certain bank accounts. We walk you through how this process looks like in our guide!

Still have a question?

Visit our help center at help.usataxprepexperts.com

More than just formation

Taxes

  • Annual State Report Filing
  • Stress-free Business IRS tax-filing
  • 1:1 CPA consultation
  • 24/7 live customer support

Banking

  • Your global business Visa card
  • Easy access & management
  • Wires, Domestic Transfers & ACH
  • Instant payouts from Stripe, PayPal, and Amazon

Books

  • Dedicated Bookkeeper
  • Monthly categorization of business transactions
  • Reconciliation of business bank and credit card accounts
  • Monthly financial report
  • Expert review of financial reports
  • Customer Support

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