Can t you open a Stripe account in your country Here is the solution
Can t you open a Stripe account in your country Here s the alternative solution.
Online payment processing is one of the most crucial aspects to consider when starting an e commerce business. Choosing the right country to kickstart your business is also of utmost importance for a smooth start reducing difficulties and costs for both entrepreneurs and their customers.
Through research and experimentation we have summarized some solutions and points that can save time and effort for those facing difficulties in opening a Stripe account directly for e commerce purposes and online payment processing.
What is a Stripe Account
Stripe is an online payment processing service that allows companies and entrepreneurs to easily accept payments through their websites or applications. Stripe offers a user friendly interface and supports a variety of currencies and payment methods including Apple Pay Google Pay credit cards and more. It supports receiving payments from 146 countries around the world including Gulf countries Arab countries and most countries worldwide.
Currently for Arab countries the ability to open an account and activate the Stripe payment gateway in your online store or website is available to merchants who have a valid business license in the United Arab Emirates only. This means that merchants in other Arab countries may face difficulties in activating the Stripe payment gateway directly for e commerce purposes and online payment processing.
So what is the alternative solution
- We strongly encourage opening a business license in the United Arab Emirates where you can take advantage of the ease and cost effectiveness of licensing and the flexibility of laws related to owning a payment gateway like Stripe.
- Alternatively you can activate a Stripe account if you have a valid business license and a bank account in one of the countries listed at: https://stripe.com/ae/global .
- You can also use Stripe Atlas
What is Stripe Atlas
Stripe Atlas is a solution provided by Stripe for entrepreneurs in countries that do not directly support Stripe accounts. This solution includes a one time setup cost of 500 and an annual fee of 100. Through Stripe Atlas Stripe creates a company in your name in the United States within seconds even providing you with the necessary tax identification number.
For the bank account Stripe recommends opening an account with one of its partners. However you must verify that the bank account you open with these partners is supported by Stripe to ensure easy payment acceptance.
If you live in one of the Arab countries that do not directly support Stripe and wish to use their services for online payment processing Stripe Atlas can be a suitable solution for you. Through it you can easily access Stripe s services and save the time and effort required to establish a company in the United States. Of course you must check the specific terms conditions and costs set by Stripe before starting the process.