Introduction:
With the tremendous growth in e-commerce and online services, electronic payment platforms have become a necessity for customers and online store owners. One of the most popular payment gateways is Stripe. Initially available only in the United States, Stripe has expanded its reach to include the Middle East and North Africa regions, making it the world’s largest and most popular electronic payment platform.
In this article, we will discuss how to create a Stripe account for non-US users without any issues or restrictions. By following the steps mentioned below, you can successfully open a Stripe account and utilize its features for secure online payments.
What is Stripe and what does a Stripe account mean?
Stripe, founded by the Collison brothers in 2010, is the largest and most popular payment company that enables online businesses and websites to accept payments from customers using various credit cards such as Visa and Mastercard. While Stripe is not officially supported in Arabic countries, there are ways to obtain a Stripe account.
Importance of Electronic Payment Gateways in E-commerce:
Electronic payment gateways are essential for companies marketing their products online. They provide a secure method of payment, ensuring the protection of sensitive financial data. These gateways allow users to pay using credit cards, debit cards, and other electronic payment methods. Stripe, as a payment gateway, offers a secure and seamless payment experience for customers, helping businesses maintain a good reputation and increase sales.
Advantages of Stripe Payment Gateway:
Faster and easier money settlement compared to other payment gateways.
Customizable payment service suitable for various e-commerce platforms.
Lower fees compared to other payment gateways like PayPal.
Acceptance of Visa and Mastercard payments.
Trusted by renowned companies like Amazon, Shopify, and Microsoft.
Acceptance of payments in over 135 different currencies.
Steps to Open a Stripe Account for Non-US Users:
Open a company in the UK:
Use the website 1stformations to create a limited company in the UK. This will provide you with the necessary company registration number and address.
Choose the Non-Residents Package with UK business banking, which offers various services such as business bank account registration and free domain.
Use a VPN with a UK IP Address:
Purchase a VPN service like IPBurger, which provides a fresh UK IP address for secure access to Stripe.
Avoid using shared IP addresses or VPS services to prevent potential account closure.
Buy a UK phone number:
Purchase a UK phone number to receive verification codes and add authenticity to your account.
Register on the Stripe payment gateway:
Visit the Stripe registration page and create an account.
Provide the required documents such as ID proof (preferably a passport) and the company registration details obtained from step 1.
Disadvantages of Stripe:
Higher fees for international transfers compared to domestic transactions.
Need to create an account with a bank specifically linked to Stripe.
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