In order to open a Stripe account in a country different than your primary business country, you will need a legal entity, tax ID, physical location, phone number, government-issued ID, working website, and physical bank account in that country where Stripe supports processing payments.
To open a Stripe account in Singapore, you can follow these steps:
- Visit the Stripe Website: Go to the official Stripe website at https://stripe.com.
- Sign Up for an Account: Click on the “Sign Up” button on the Stripe homepage.
- Create Your Account: Fill in the required information, including your email address and password. Click “Create Account.”
- Complete Your Business Profile: Provide information about your business, including its legal name, website, industry, and description. Make sure the information is accurate and complete.
- Verify Your Email: Stripe will send a verification email to the address you provided. Click the link in the email to confirm your account.
- Set Up Your Dashboard: Once you’ve verified your email, you’ll be directed to your Stripe Dashboard. This is where you can access all of Stripe’s features and settings.
- Complete Verification (if required): Depending on your business type and the nature of the transactions you plan to process, Stripe may require additional information for verification purposes. This may include legal documentation, business licenses, and bank account details.
- Connect a Bank Account: In order to receive payments from Stripe, you’ll need to connect a bank account. This is where your funds will be transferred. In your Dashboard, go to “Settings” > “Bank accounts and scheduling” > “Add bank account.”
- Set Up Payment Integration: Integrate Stripe into your website or application using the provided API or plugins. You can find developer documentation on the Stripe website.
- Start Accepting Payments: Once everything is set up, you can start accepting payments through Stripe.
Remember to review Stripe’s terms of service and fee structure to understand the costs associated with using their platform. Additionally, it’s a good practice to regularly check for any updates or changes in Stripe’s policies or procedures.