In today’s interconnected world, entrepreneurs aspire to reach a global audience. Advances in technology and the booming e-commerce industry have transformed how business is conducted, making freelancing and remote operations more accessible. However, navigating e-commerce can be complex, particularly for non-US residents looking to establish a presence in the global market.
Forming a US LLC is surprisingly straightforward, often easier than registering a business in your home country. But forming an LLC is just the first step. A major challenge lies in setting up a reliable payment processing system. This is where Stripe, a leading payment gateway, becomes invaluable for non-resident entrepreneurs and business owners
Why is Stripe so important?
Stripe is a trusted payment processor that allows businesses to accept online payments via credit and debit cards or other payments seamlessly. It supports multiple currencies and provides advanced tools to manage transactions efficiently.
For example, if a US customer wants to place an online order for your service or goods, they will likely prefer to pay in USD using their debit or credit card or a digital wallet. In such a situation, a payment processor like Stripe facilitates coordination between the buyer’s and seller’s banks. Once the transaction is approved, the payment is credited to the seller’s bank account.
For digital entrepreneurs and global businesses, Stripe is often the gateway to success. However, Stripe isn’t available in all countries, which can be frustrating for non-resident entrepreneurs aiming to sell their products or services globally.
How to access Stripe for Non-Residents?
Fortunately, Non-Residents can access Stripe by registering a US company from abroad and applying as a US business entity. For non-US residents looking to start or expand their business in the United States or globally, having a US-based business and a US business bank account is not just a “good to have”—it’s a “need to have.”.
While this process may seem daunting, it can be a game-changer for those serious about growing their online businesses and willing to explore innovative solutions.
First: Formation of US LLC
The Power of a U.S. LLC
A U.S. LLC is the key to overcoming Stripe’s geographical restrictions. By registering an LLC in the United States, non-residents can enjoy benefits such as:
- Establishing a U.S. Business Presence
Forming a U.S. LLC gives you a legal business entity within the United States. This is a crucial requirement for opening a Stripe account. - Setting Up a U.S. Bank Account
Stripe requires a U.S. bank account for payments. A U.S. LLC enables you to open one, making it easier to integrate with Stripe and manage your finances. - Accepting Payments Globally
With a U.S. LLC and Stripe, you can accept payments from customers worldwide. This opens up opportunities to scale your business and increase revenue.
Second: Apply for EIN
Purpose of EIN
The EIN (Employer Identification Number) is a unique identifier assigned by the IRS (Internal Revenue Service) to US-based organizations. It functions similarly to the tax identification number provided by your home country for locally registered businesses. US residents or citizens have the privilege of applying for an EIN online, whereas non-US residents must rely on traditional methods like fax or postal mail to obtain this essential number.
The EIN is required not only for tax purposes but also to open a US bank account. Without an EIN, you may not be able to complete your bank application. It is also essential for Stripe integration. Think of the EIN as a government-issued ID for your business—necessary for most legal, financial, and other business-related activities.
Third: Opening US Bank Account
Importance of a US Bank Account
US LLC formation checks the legal presence requirement. It makes your business legal to operate inside or outside of the United States. Once you start making sales, you would
- Business Transactions: A US bank account facilitates seamless business transactions, including receiving payments from US customers and paying US-based suppliers or partners.
- Credibility and Trust: Having a US bank account adds a layer of trust and credibility with US customers, who may be more comfortable dealing with a business that has a local financial presence.
- Stripe Requirements: To use Stripe, one of the most popular payment gateways, a US bank account is typically required. This ensures smooth transactions and easier management of funds.
Finally: Stripe Integration
How to access Stripe with a U.S. LLC
Let’s be clear: as a non-resident, you cannot receive international payments in your US bank account without integrating payment processor like Stripe. Most US banks do not provide traditional merchant accounts to non-residents for accepting online payments via cards or digital wallets.
Step wise process
- Connect your US bank account with stripe:
Begin by registering your business with Stripe and linking your US bank account to the payment processor.
- Verify your bank account:
Once registered, stripe will verify your bank details by reviewing your LLC and account information. This process typically takes 1-2 business days. In some cases, Stripe may request additional documents for verification.
- Set up your payment gateway:
Integrate Stripe with your website or e-commerce platform, such as eBay or Amazon. You can customize your payment options, supported currencies, and checkout process to suit your business needs.
The entire process of forming a U.S. LLC and activating your payment processing system can be completed online. You don’t need to be physically present in the United States, making it a convenient option for global entrepreneurs.
The best all-in-one price in the US market
$199
/year + State Fee
What's included:
- US Company Formation
- Registered Agent Service
- EIN Number & Letter
- US Bank Account Consulting
Challenges faced by Non-US Residents
As a non-US resident, forming US LLC and opening a US bank account challenging. While some US banks allow non-residents to open business banking accounts, their requirements can vary These typically include having a registered US address, a registered agent, a taxpayer identification number, proof of identity for the owners, and compliance with legal requirements—all of which can feel daunting and complex.
However, you don’t have to face this process alone. Bizfyle specializes in helping non-US resident entrepreneurs form their US companies and apply for US bank accounts remotely. Our experienced team will guide you every step of the way, ensuring you can open a bank account with a US-based company—no need for a physical visit to the US.
Here’s how BizFyle can help:
- LLC Formation
BizFyle handles all the paperwork to register your U.S. LLC quickly and efficiently. - EIN (Employer Identification Number)
We help you obtain your EIN, a critical step for opening a U.S. bank account and setting up Stripe. - Registered Agent Services
Our registered agent services ensure compliance with U.S. state regulations. - U.S. Bank Account Setup
We assist you in opening a U.S. bank account, allowing seamless integration with Stripe. - Annual State Filings
We manage your annual filings to keep your business in good standing.
Why Choose BizFyle?
At BizFyle, we specialize in assisting non-resident entrepreneurs with their business setup needs. Our expertise simplifies the process, so you can focus on growing your business. From forming your LLC to ensuring compliance, we handle everything for you.
- Expert Guidance: Get step-by-step support from experienced professionals.
- Customized Solutions: Tailored services to meet your unique business needs.
- Seamless Integration: We ensure your LLC and bank account are Stripe-ready.
Conclusion: Unlock Global Opportunities with Stripe
We believe that expanding your business globally should not be limited by payment restrictions. Stripe can be your trusted partner in sustaining and thriving in today’s digital world.
By accessing Stripe with a U.S. LLC, you can:
- Reach international customers.
- Streamline your payment processes.
- Scale your business efficiently.
Connect with our LLC experts today and start accepting payments worldwide. Let us handle the complexities while you focus on your business’s growth and success.
Ready to take your business to the next level? BizFyle is here to help. Get Started Today!
Additional Resources
Looking for more insights? Check out our previous blog on Why 2025 is the best year to start your US LLC?
