Stripe In Nigeria: How To Open A Stripe Account In Nigeria 2023
I earn commission from some products/services if you shop through some of the links below.No extra cost on you.
There are questions that many people are asking when it comes to using Stripe in Nigeria. In this blog post, I will answer all these questions such as: Can I use Stripe in Nigeria? Is stripe available in Nigeria? Is stripe supported in Nigeria? Does stripe payment work in Nigeria? Can stripe be used in Nigeria?
Can I Use Stripe In Nigeria?
Yes, you can use Stripe to receive payments in Nigeria. However, Nigerians are not currently eligible to open Stripe accounts. This means that if you are a Nigerian business owner, you will not be able to use Stripe to process payments directly.
There are a few ways around this limitation. This is what I will be showing you in this blog post. This working process involves to incorporate your company in a country that Stripe supports, such as the United States.
Once you have incorporated your company in a supported country, you will be able to open a Stripe account and start accepting payments globally while in Nigeria.
Is Stripe Available In Nigeria?
Yes, Stripe can be available in Nigeria only when you form a US company preferably an LLC. This blog is all about how to open a stripe account in Nigeria, so I will be showing you the easiest way to form your US company from the comfort of your home in Nigeria.
Does Stripe Payment Work In Nigeria?
Yes, Stripe can work in Nigeria if only you have the requirements for opening a Stripe account. Some of these requirements include having an SSN for a personal Stripe account or EIN for a business Stripe account. You don’t need to worry about getting SSN/EIN because this blog post will reveal how to get EIN (Employer Identification Number) easily while you are in Nigeria.
Can I Accept Stripe Payment In Nigeria?
Yes, just like other dropshippers, entrepreneurs, and freelancers, you can accept stripe payments in Nigeria. If you read the end of the blog post, you will not only know how to accept Stripe payments in Nigeria but also how to withdraw from Stripe in Nigeria.
Is Stripe Supported In Nigeria?
This question is similar to: Can Stripe be used in Nigeria? Nigeria is currently not listed among Stripe support countries. This doesn’t mean that you can’t use Stripe as a Nigerian. Read further to find out how to get a Stripe account in Nigeria.
How To Use Stripe In Nigeria
If you want to use Stripe in Nigeria, there are some things you must do. The first is to have an LLC. LLC means Limited Liability Company. The LLC will be created in the United States.
It is easy to create an LLC. You don’t need a lawyer for this. All you need is to use an LLC formation service such as Incfile.
When you form your LLC, you will get an EIN which I mentioned earlier. The EIN will be part of the legal requirements by Stripe to set up your account.
Another requirement is to have a US address. This one is not hard to get. In just 2 minutes you can get a US address using Shipito. They will give you a US house address when you signup.
The fourth thing you will need is to get a US phone number. This is not also hard to get. There are many services out there that allow you to get a US phone number, one of which is Dingtone.
There are many of information on the internet showing you how to use Stripe in Nigeria but the method discussed in this post is the safest and risk-free method which is accepted to be legitimate by Stripe if you are from an unsupported country.
The last thing required is a US bank account. It is very simple to get a US bank, you can use Payoneer, Grey or Geepay. These financial institutions allow having a foreign bank account without stepping your feet into any physical bank.
You need a US bank in order to be able to withdraw from Stripe in Nigeria. When customers pay you through Stripe, you can move the money to your US bank account and from there decide whatever you want to do with it.
How To Open A Stripe Account In Nigeria
Stripe is only available in 46 countries at the time of publishing this post. Nigeria is not listed in stripe-supported countries.
Stripe Supported Countries
- Czech Republic
- Hong Kong
- Indonesia – Invite only
- New Zealand
- United Arab Emirates
- United Kingdom
- United States
This means that Nigeria is an unsupported country. So any country that is not listed among the 46 countries will use the same method to open a stripe account.
In summary, the requirements to safely open a stripe account in Nigeria are:
- Form a Limited Liability Company (LLC) in the US
- EIN (Employer Identification Number) or Tax ID
- A Personal US physical address
- A US phone number
- A US bank Account
If everything I have explained is clear and easy for you to comprehend, you can proceed to the main page on how to open a stripe account in Nigeria as an Unsupported country.
How To Use Stripe In Nigeria – FAQs
What Is Stripe?
Stripe is an online payment processing platform that allows businesses and individuals to accept payments for their products or services over the Internet.
Is Stripe Available In Nigeria?
Yes, Stripe is available in Nigeria if you have the legal requirements to open a Stripe account in an unsupported country. Nigerian businesses and individuals can use Stripe to accept payments from customers globally.
How do I Set Up A Stripe Account In Nigeria?
To set up a Stripe account in Nigeria, you will need to visit the Stripe website and create an account. You will need to provide your personal and business details, including your name, email address, business name, and bank account details.
What Types Of Payments Can I Accept With Stripe In Nigeria?
With Stripe, you can accept payments via debit and credit cards, bank transfers, and mobile payments like Apple Pay and Google Pay.
How Long Does It Take To Receive Payments With Stripe In Nigeria?
Stripe typically takes two business days to transfer funds to your bank account in Nigeria.
Are There Any Fees For Using Stripe In Nigeria?
Yes, Stripe charges a fee for each transaction processed on its platform. The fee varies depending on the type of transaction and the country where the transaction originates.
Can I Use Stripe To Sell Products And Services In Other Countries From Nigeria?
Yes, Stripe allows businesses and individuals to accept payments from customers in other countries.
What Are The Security Measures In Place To Protect My Transactions On Stripe In Nigeria?
Stripe uses advanced security measures, including encryption and two-factor authentication, to protect your transactions and personal information.
Can I Integrate Stripe With My Website Or Mobile App In Nigeria?
Yes, Stripe provides an easy-to-use API that allows businesses and developers to integrate Stripe with their websites or mobile apps in Nigeria.
How Do I Get Support If I Have Issues Using Stripe In Nigeria?
You can get support from Stripe by visiting their support centre or contacting their customer support team via email or live chat.