How To Open A Stripe Account In Pakistan 2023 (A Comprehensive Guide)

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I know Pakistan has so many online business owners that have clients or customers in other parts of the world. Sadly, in some cases, they lose customers because of the inability to accept global payment seamlessly.

Stripe has always been the best option to accept payment globally. In this guide, I will show you how to open a Stripe account in Pakistan online.

There are some questions Pakistanis have asked as regards creating a Stripe account and that is the answers I will be providing in the first section of this blog post.

Table of Contents

Can I Open Stripe From Pakistan?

Yes, You can open Stripe from Pakistan if you have all the requirements either as an individual or as a business. By the end of this post, you will find out all that is needed to open a stripe account in Pakistan.

Does Stripe Work In Pakistan?

Yes, Stripe work in Pakistan even though it is not listed as a supported country. In fact, Stripe can work in any part of the world if you have the entire needed document.

Is Stripe Available In Pakistan 2023?

Pakistan is not listed among Stripe-supported countries but you can create a Stripe account in Pakistan online. If you read till the end of this post, you should be able to know the 5 essential things needed to set up a Stripe account in Pakistan.

Does Stripe Accept Payments From Pakistan?

Yes, Stripe accepts payment from Pakistan. There are many Pakistani websites using Stripe to receive payments globally. If you have all it takes to set up a verified account, you should be able to accept payments from Pakistan.

What Are The Stripe Supported Countries?

At the time of publishing this post, there are only 46 Stripe supported countries. Below is the list of the 46 countries where Stripe is supported.

Australia
Austria
Belgium
Brazil
Bulgaria
Canada
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Gibraltar
Greece
Hong Kong
Hungary
India
Indonesia – Invite only
Ireland
Italy
Japan
Latvia
Liechtenstein
Lithuania
Luxembourg
Malaysia
Malta
Mexico
Netherlands
New Zealand
Norway
Poland
Portugal
Romania
Singapore
Slovakia
Slovenia
Spain
Sweden
Switzerland
Thailand
United Arab Emirates
United Kingdom
United States

How To Setup And Use Stripe Account In Pakistan

This section of this focuses on how to set up and use Stripe from Pakistan. This will include the requirements for opening a stripe account. Before I proceed, I will like to prepare your mind that you will spend money in the process of opening a Stripe account in Pakistan.

Requirements To Open A Stripe Account In Pakistan

Here are the five requirements for opening a stripe account in Pakistan

1. Form A US

As a non-US resident, you don’t have an SSN which is one requirement to open a Stripe account as an individual. The only available best option is to create a Stripe account as a business.

What this means is that you will need to form a company in the US. Practically, it will be better to form your company in the US and that implies that an LLC (Limited Liability Company) will be the best choice.

Forming an LLC has so many benefits for a business owner apart from using it to open a Stripe account. If I am to dwell more on talking about LLC, it will go beyond the scope of this post. There is a post on this blog that explains in detail how to form an LLC.

Not to worry, by the end of the post, you will find the guide to forming an LLC and the best services to use to make it easier and faster.

2. Get An EIN

Every LLC is supposed to have an EIN (Employer Identification Number). It is like an SSN for individuals. Getting an EIN is not a difficult task. I will still show you the best service to you to get an EIN for your LLC. Since you are to open your Stripe account in Pakistan as a business, Stripe will require that you provide your EIN during the Stripe account creation process.

3. Get A US Stripe Account

You will need this US house in the process of forming your LLC. This is not difficult to get. There are many services that provide a US based-address. Some are paid and I am sure you don’t want to spend to get your US based-address.

If that is so, you should use Shipito. In less than 10 minutes you should be able to get a US based-address. Shipito usually provides a California address.

4. Get A US Phone Number

This one is very easy and you will need to pay for it. Go to your app store and download Dingtone. Once you have downloaded it, registered and select your prefer US phone number and pay your order. If you know of any other platform that provides a free US phone that allows you to make/receive calls and SMS, you can use them.

5. Get A US Bank Account

It is very possible to get a US bank account, except maybe you haven’t heard of Payoneer. With Payoneer, you can have your individual US bank account which you will input during the Stripe account creation.

Without this US bank account, you cannot complete the process of opening a Stripe account in Pakistan. It is needed because that is the only way to withdraw money from the Stripe account if successfully created.

In summary, the requirements to safely open a stripe account in Pakistan are:

A Limited Liability Company (LLC) in the US
An EIN (Employer Identification Number) or Tax ID
A Personal US physical address
A US phone number
A US bank Account

How To Open A Stripe Account In Pakistan

Pakistan is not listed as a Stripe-supported country, so therefore, in order to successfully open a Stripe account from Pakistan, you will need to follow the complete guide which I have written in another blog post. It is all about how to use Stripe in unsupported countries.

That post will guide you on how to form your LLC and the step-by-step guide screenshots to create a Stripe account with the essential information and documents

Visit the post: How To Use Stripe In Unsupported Countries

FAQs on How To Use Stripe In Pakistan

What Is Stripe, And Can It Be Used In Pakistan?

Stripe is an online payment processing platform that allows businesses and individuals to accept payments securely and easily. Yes, Stripe can be used in Pakistan.

How Do I Create A Stripe Account In Pakistan?

To create a Stripe account in Pakistan, visit the Stripe website and click on the “Sign Up” button. Fill in the required information, including your email address, password, and business details.

Can I Use Stripe In Pakistan For International Transactions?

Yes, Stripe in Pakistan supports international transactions. You can accept payments from customers around the world and receive funds directly in your local bank account.

What Currencies Does Stripe Support For Transactions In Pakistan?

Stripe supports a wide range of currencies, including major ones like USD, EUR, GBP, and PKR (Pakistani Rupee). You can select the currency that suits your business needs.

How Can I Integrate Stripe With My Website Or Mobile App?

Stripe provides easy-to-use APIs and plugins that you can integrate with your website or mobile app. You can find detailed documentation and developer resources on the Stripe website.

Are There Any Transaction Fees Associated With Using Stripe In Pakistan?

Yes, Stripe charges transaction fees for processing payments. The fees vary depending on the type of transaction and the country. You can find the detailed fee structure on the Stripe website.

Can I Accept Payments Through Different Methods Using Stripe In Pakistan?

Yes, Stripe supports various payment methods, including credit and debit cards (Visa, Mastercard, American Express), digital wallets (Apple Pay, Google Pay), and local payment methods specific to Pakistan.

Is It Safe To Use Stripe For Online Payments In Pakistan?

Stripe is a highly secure payment platform that implements advanced security measures to protect your data and transactions. It is widely used by businesses globally, including in Pakistan.

How Long Does It Take For Funds To Reach My Bank Account In Pakistan?

The time it takes for funds to reach your bank account depends on your bank’s processing time. Typically, it takes around 2-7 business days for funds to be deposited into your account.

Are There Any Restrictions On Using Stripe In Pakistan?

While Stripe is available for use in Pakistan, there might be certain limitations or requirements based on the nature of your business and compliance with local regulations. It is advisable to review Stripe’s terms of service and consult with legal or financial professionals for specific guidance.