{"id":9307,"date":"2022-10-31T19:29:52","date_gmt":"2022-10-31T19:29:52","guid":{"rendered":"https:\/\/app.pay2commerce.com\/?p=9307"},"modified":"2022-10-31T20:44:00","modified_gmt":"2022-10-31T20:44:00","slug":"como-crear-tu-cuenta-de-stripe-en-latinoamerica-y-comenzar-a-cobrar-con-tarjeta","status":"publish","type":"post","link":"https:\/\/pay2shopp.com\/en\/como-crear-tu-cuenta-de-stripe-en-latinoamerica-y-comenzar-a-cobrar-con-tarjeta\/","title":{"rendered":"How to create your Paypal account in Latin America and start charging by card"},"content":{"rendered":"

How to create your Paypal account in Latin America and start charging by card<\/strong><\/p>\n\n\n\n

We all agree that setting up an E-Commerce (Electronic Commerce Business) has great challenges. From choosing the best niche to finding the winning products are the cause of a severe headache.<\/p>\n\n\n\n

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

It is that Paypal has become an improved version of PayPal due to its countless features and functionalities that only favor e-commerce business owners.<\/p>\n\n\n\n

Did you know that one of the main reasons why customers abandon the purchase right at the time of paying is because they cannot find a quick payment with a credit or debit card? When a customer comes across: PayPal, Bank Transfer or Cash automatically you lose the sale. <\/p>\n\n\n\n

Stripe was born to eliminate these barriers and increase the conversion rate by 30%, allowing the customer to pay instantly without having to leave Checkout. <\/p>\n\n\n\n

Since we are talking about Paypal it is good to mention what it is and how it works<\/strong><\/p>\n\n\n\n

Stripe is a payment processor that allows you to accept charges with international credit or debit cards, within a website or web \/ mobile application. It is one of the most used payment gateways in the world, even companies such as Amazon, Shopify, Google, Uber, Booking and Zoom, to name a few, use Paypal as an online payment processor. <\/p>\n\n\n\n

Why Paypal is one of the best online payment gateways?<\/p>\n\n\n\n

  1. Stripe is flexible in terms of payment as it allows all credit and debit cards in addition to accepting Bitcoin, Android Pay, Amazon Pay and Apple payments. <\/li>
  2. Stripe has one of the lowest commissions in the market starting at 2.9% + 0.30 cents per transaction, an additional 1% for international cards and another 1% in case the payment is in a currency other than the dollar.<\/li>
  3. It easily integrates with any e-commerce system or platform including Shopify, WooCommerce, Magento and Prestashop.<\/li>
  4. The customer does not need to have an associated account as they can pay directly on your website or digital platform using only their card details.<\/li>
  5. You do not need a web page to accept card payments because Paypal has its own Checkout system, allowing you to charge even from person to person.<\/li><\/ol>\n\n\n\n

    Imagine being able to integrate directly into your web platform without having to redirect customers to an external page to complete the purchase process.<\/p>\n\n\n\n

    This is extremely important since the conversion rate is much higher when the purchase is made integrated into the website or application. Once payments are received Paypal takes approximately 2 days to release it to your bank account.<\/p>\n\n\n\n

    There is also the possibility of creating different products with different payment specifications, establishing single or recurring payments, analyzing all the information that your client presents and much more.<\/p>\n\n\n\n

    Security is something that Paypal takes very seriously, it has a fairly high anti-fraud protection which benefits customers and sellers. <\/p>\n\n\n\n

    And to finish the technical support, although it is in English, it really is excellent, giving you a quick and timely response to any concern you may have.<\/p>\n\n\n\n

    Since you have 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 application or any other digital platform.<\/p>\n\n\n\n

    The problem is that Paypal is only available to residents of the US and some countries. <\/p>\n\n\n\n

    You can go to this link and find the list of available countries. <\/p>\n\n\n\n

    Surely your country is not in the previous list and you feel frustrated, but don't lose hope... YES IT IS POSSIBLE TO OBTAIN Paypal outside the United States and legally 100%. <\/p>\n\n\n\n

    How can you have Paypal outside of the United States?<\/strong><\/p>\n\n\n\n

    It is very simple to have your own Verified Paypal account for this you will need:<\/p>\n\n\n\n

    1. Register a company in the US that may well be an LLC with this you will obtain the EIN (Employer Identification Number).<\/li>
    2. US physical address never a PO.BOX address<\/li>
    3. United States telephone number, make sure it is from the same state as the LLC.<\/li>
    4. Bank account in the United States.<\/li>
    5. Identification document issued by your country that can be a passport, ID or driver's license. <\/li>
    6. IMPORTANT: An active website displaying the details of your business or the service you provide, must comply with all Paypal requirements and policies.<\/li><\/ol>\n\n\n\n

      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 the entire list above for a relatively low price.<\/p>\n\n\n\n

      Stripe clearly mentions the following "If you are not a US citizen and have a company in the US with an EIN, you can open a Paypal account" so now you won't have any problems because an EIN is valid for any foreign person to the United States.<\/p>\n\n\n\n

      To obtain a bank account in the US without having to travel, just use Payoneer, this is a platform used by Amazon, Google, Airbnb, upwork, Adobe and hundreds of other companies to pay millions of individuals around the world.  <\/p>\n\n\n\n

      The disadvantage of Payoneer is the high commission per transaction, a 1% to receive the money from Paypal and another 2% to send it to your local bank. It really is not that profitable so after research we found that it is best to open a Wise account as their fees are extremely low compared to Payoneer.<\/p>\n\n\n\n

      Thanks to Payoneer and Wise you can have a bank account in the United States for free, even for a few dollars you can receive a debit card at your own home.<\/p>\n\n\n\n

      In the event that you decide to use Payoneer, you only have to register and follow the steps of the form, it will ask you for your name, email, date of birth and some security questions, then your account will be evaluated requesting an identity document or license After driving, 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 Paypal funds at a local bank.<\/p>\n\n\n\n

      If you want to go through Wise it will be easy, go to wise.com register as a natural person, use your email and phone number to open your account. Make sure to put your physical address in the country of residence. Then you can activate your account by depositing 20 dollars to the account by credit or debit card and finally upload your identity document and a selfie and voila you will have your account in dollars ready to receive and send money from Paypal to your local account. NOTE: you will necessarily need a dollar account at your local bank to receive the money from Wise.<\/p>\n\n\n\n

      To obtain a number in the US, it is as simple as opening an email and all you have to do is use TextNow, a platform that will allow you to have a virtual number (which will later become real) in the United States for free. Remember that you must choose an area code according to the address in the US that you decide to use.<\/p>\n\n\n\n

      To have the address in the US there are different ways, one of them and the simplest is to place the address of a relative or friend, otherwise there are various online services to do this.<\/p>\n\n\n\n

      Finally, you must have your website ready for Paypal to validate your business model.<\/p>\n\n\n\n

      To use Stripe, your business website must include (at a minimum):<\/p>\n\n\n\n