In this guide you will learn:
Stripe is a type of online payment processing platform that allows businesses to send and receive payments over the internet.
It is essential for businesses that are dealing with different currencies, especially businesses that are doing business outside of their home country.
Stripe has some of the world's best companies as their preferred payments processor such as Amazon, Shopify, Github, Yelp, Spotify, and Uber.
There are a couple of requirements you need to make sure you have before you can apply and open a Stripe account in the United States. These requirements include:
• An LLC or C-Corp company in any state as we will open an account from the USA
• Operation agreement document. The LLC or Corp is already delivered to you after setup (required for address verification)
• An EIN (Federal tax identification number) after the has been setup
• A phone number in the USA
• A website that works and meets the conditions
• A US bank account
If you have any questions about meeting any of these requirements please reach out to a Jumpstart team member and they can help you with any of the steps along the way. Jumpstart can provide you with everything you need get started today.
If you have all 6 of these items, you can open an approved and legal stripe account and start receiving payments from your customers immediately.
To begin, visit Stripes website and begin filling out their forms. Fill out your email address, full name, create a password for your account and select your country.
For the country option, select the country in which you will be doing business. For example, if you incorporated your business in the US, select the United States.
After this, Stripe will send you a verification email to complete the activation steps.
You must set up two-factor authentication after account verification to ensure the safety and privacy of your account. We recommend using Google Authenticator which is an app you can download on your mobile device.
After this you are ready to create your account.
Click on create account which should be on the top left corner of the dashboard screen.
Enter your company name and select create account. You will then find yourself back on the dashboard page with a list of options on your left hand side, one of them being ‘Activate Your Account’.
Fill out your company's address as well as company type. If you need help obtaining an address in the United States, Jumpstarts services can help.
It is important to fill out the information in the next step as correctly as possible leaving no open spaces.
Then under business details on the left hand side provide a brief description of your LLC’s full name, your EIN, your service category, your website name, and your business.
On the left hand side you will see more steps to complete and fill them out one by one, being very careful that the information you are providing is correct.
Wait after completing these steps to allow time for processing. Sometimes it can take a couple hours sometimes it is immediate. If you have any problems, you can talk to an expert from the support section.
If you had any trouble or complications while setting up your account, we recommend seeking help from the Stripe website support as they will be the most educated on the specifics within Stripe and the opening process.
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