How to create your Stripe account in Latin America and start charging with a card

How to create your Stripe account in Latin America and start charging with a card

We all agree that setting up an E-Commerce (E-Commerce Business) has great challenges. From choosing the best niche to finding the winning products are the cause of a major headache.

But something that really is one of the main causes of headache is choosing a payment gateway that suits our online business especially if you offer services. After years of research we realized that Stripe is one of the best options when choosing a payment gateway for our E-Commerce.

Stripe has become an enhanced version of PayPal due to its countless features and functionalities that only favor e-commerce business owners.

Did you know that one of the main reasons why customers abandon the purchase right at checkout is for not finding a fast credit or debit card payment, when a customer encounters: PayPal, Bank Transfer or Cash you automatically lose the sale.

Stripe was born to remove these barriers and increase the conversion rate by 30% by allowing the customer to pay instantly without having to exit Checkout.

While we are on the subject of Stripe, it is worth mentioning what it is and how it works.

Stripe is a payment processor that allows you to accept international credit or debit card payments within a website or web/mobile application. It is one of the most widely used payment gateways worldwide, even companies like Amazon, Shopify, Google, Uber, Booking and Zoom to name a few use Stripe as their online payment processor.

Why is Stripe one of the best online payment gateways?

  1. Stripe is flexible when it comes to payment as it allows all credit and debit cards plus it accepts Bitcoin, Android Pay, Amazon Pay and Apple payments.
  2. Stripe has one of the lowest fees in the market starting at 2.9% + 0.30 cents per transaction, an additional 1% for international cards and another 1% if the charge is in a currency other than US dollars.
  3. It easily integrates with any e-commerce system or platform including Shopify, WooCommerce, Magento and Prestashop.
  4. The customer does not need to have an associated account as he can pay directly on your website or digital platform just using his card details.
  5. You don’t need a website to accept card payments because Stripe has its own Checkout system allowing you to collect even from person to person.

Imagine being able to integrate directly into your web platform without requiring customers to be redirected to an external page to complete the checkout process.

This is extremely important as the conversion rate is much higher when the purchase is integrated with the website or application. Once payments are received Stripe takes approximately 2 days to release it to your bank account.

There is also the possibility to create different products with different payment specifications, set up one-time or recurring payments, analyze all the information submitted by your customer and much more.

Security is something Stripe takes very seriously, it has a very high level of anti-fraud protection which benefits both customers and merchants.

Finally, although the technical support is in English, it is really excellent, giving you a quick and timely response to any questions you may have.

Since you just learned about the advantages of using Stripe now if you are interested in using this powerful online payment gateway to start processing card payments in your e-commerce / dropshipping store, web / mobile app or any other digital platform.

The problem is that Stripe is only available to residents of the US and some countries.

You can go to this link and find the list of available countries.

Surely your country is not listed above and you feel frustrated but don’t lose hope… IT IS POSSIBLE TO OBTAIN STRIPE outside the United States and in a 100% legal way.

How can you have Stripe outside the United States?

It is very simple to have your own Verified Stripe account for this you will need:

  1. Register a company in the USA which may well be LLC with this you will obtain the EIN (Employer Identification Number).
  2. U.S. physical address ever a PO.BOX address
  3. U.S. phone number, make sure it is in the same state as the LLC.
  4. Bank account in the United States.
  5. Identification document issued by your country, which can be a passport, ID or driver’s license.
  6. IMPORTANT: An active website that displays the details of your business or the service you provide, you must comply with all Stripe requirements and policies.

But before you feel bad for not knowing where to start to get all of the above let us tell you that you are reading the right document so that you can receive for a relatively low price the above listing in its entirety.

Stripe clearly mentions the following “If you are not a U.S. citizen and you have a U.S. company with an EIN you will be able to open a Stripe account” so you will not have any problems because an EIN is valid for any foreign person in the United States.

To get a bank account in the USA without having to travel, just use Payoneer, a platform used by Amazon, Google, Airbnb, upwork, Adobe and hundreds of other companies to pay millions of individuals around the world.

The disadvantage of Payoneer is the high transaction fee, 1% for receiving the money from Stripe and another 2% for sending it to your local bank. It’s really not that profitable so after some research we found that it is best to open a Wise account as their fees are extremely low compared to Payoneer.

Thanks to Payoneer and Wise you can have a bank account in the United States for free and for a few dollars you can even receive a debit card at your home address.

In case you decide to use Payoneer you just have to register and follow the steps of the form, it will ask for your name, email, date of birth and some security questions, then your account will be evaluated by requesting an identity document or driver’s license, at the end you will have to answer some basic questions about your business and that’s it, the interesting thing about Payoneer is that you can receive the funds from Stripe in a local bank.

If you want to go for Wise it will be easy, go to register as an individual, use your email and phone number to open your account. Be sure to put your physical address in the country of residence. Then you can activate your account by depositing $20 to the account by credit or debit card and finally upload your ID and a selfie and you will have your dollar account ready to receive and send money from Stripe to your local account. NOTE: you will need to have an account in dollars in your local bank to receive the money from Wise.

To get a number in the USA is as simple as opening an email and just use TextNow, a platform that will allow you to have a free virtual number (which will later become a real number) in the United States. Remember that you will need to choose an area code according to the US address you choose to use.

To have the address in the U.S. there are different ways, one of them and the simplest is to put the address of a relative or friend, otherwise there are several online services to do this.

Finally you must have your website ready for stripe to validate your business model.

To use Stripe, your company’s website must include (at a minimum):

  • Full description of goods or services offered
  • Currency of transaction
  • Customer service contact information (phone, e-mail, address)
  • Revocation/refund and shipping policies (in case of shipment of physical goods)
  • Legal or export restrictions (if applicable)
  • Consumer Data Privacy Policy
  • General conditions of promotions
  • Functionalities and security policy for payment card data transfer


With the EIN number, US bank account, phone number and address we are 100% ready to apply for a Stripe account, activate it and verify it legally.

In case you don’t want to go through each of the above mentioned processes Pay2Commerce helps Latin American customers to get their own 100% verified Stripe account.

Currently we have the “Stripe Account Activation” service for a price of US$500 ALL INCLUSIVE which will allow you to concentrate on your business and us to deliver a verified Stripe account. If you are reading this document you will automatically get a 40% discount, so for only $300 we will give you your own Stripe account.

We take care of the whole process, from the EIN to the website, we even do the Onboarding of your Stripe account, we also have a facility if you wish to receive a rented Stripe account for $39 per month.

In conclusion

With the 2 ways above you will be able to have a fully verified Stripe account ready to process online card payments without any problems.

For more information and any questions please do not hesitate to contact us.


WhatsApp: 1 (239) 880-4339

E-mail: [email protected]

Some frequently asked questions are:

  1. Do I need to have a store before activating a Stripe account? | Yes, you need to have an online store or a website that can be validated by Stripe.
  2. What if I need help integrating Stripe into my online store? | You can contact us and we will be glad to assist you.
  3. Can Stripe close my account? | As long as you follow our advice you will have no problem with your Stripe account.
  • You do not follow their terms and conditions
  • You market products not supported by Stripe
  • Multiple disputes
  1. Do I need an SSL? | If it is a must for Stripe.
  2. Is it possible to use the same Stripe account for several businesses? | Yes, you can use the same Stripe merchant account in different businesses using Api
  3. Do I have to pay taxes in the USA? | Only if one of these circumstances is met:
  • One or more employees in the USA
  • Doing business within the USA
  • You have a physical office in the USA
  1. How long will it take to get my Stripe account? | In less than 7 days we deliver your Stripe account fully activated and ready to process card payments.
  2. Is there any reimbursement? | We issue a refund only if Stripe does not approve an account for exceptional reasons and after several attempts. It is important to know that we are not responsible in case Stripe rejects the merchant account due to the domain or data provided being blacklisted.
  3. What documents are required? | To activate and verify a Stripe account we will require one of these 3 documents: Passport, Identity Card, Driver’s License, Driver’s License.
  4. What happens if my website has been banned by Stripe? | We will use a new generic website which will allow you to activate and verify a Stripe account. It is important to know that the data used must be genuine and not have been placed in Stripe before.
  5. Will I need to use a VPN or VPS to access Stripe? | No, because all the registration will be done with real and truthful information, also the onboarding of your account will be done via zoom from your own computer.
  6. What are the benefits of this service? | Your customers will have the option to pay you with their credit or debit cards allowing them to make larger purchases and you will not have to handle cash. With Pay2Commerce the money will fall directly into your bank account.

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