Stripe is a trustworthy payment method for online payments and e-commerce. Founded in 2009, this company appeared in Palo Alto, California. Irish entrepreneur brothers John and Patrick Collison started it. Stripe is a future tech company that provides an internet economic base. Businesses of all sizes use it. From small start-ups to major corporations, everyone receives funds. They use it to maintain their operations and services.
Offers & Services Provided by Stripe
Stripe is a must-have for eCommerce merchants. It is useful for those searching for credit card processing and a payment gateway. Also, the business is one of the most established suppliers in the world of online payments. They act as both a payment service provider (PSP) and a payment gateway provider. With Stripe, anyone can take credit cards, and debit cards. They can even have automated clearing house (ACH) transactions from their website. This is possible without reliance on payment services, which come from other firms.
Stripe enables transactions from well-known brands, including fortune 500 companies. In fact, the company boasts that 89 percent of all credit cards are on a Stripe network at some stage. It’s a frequent choice for companies who undertake worldwide commerce. This is because it can handle over 135 currencies.
Uses of Stripe as a Reliable Payment Gateway in Pakistan
When it comes to payment gateways for Pakistan, there aren’t many possibilities. Stripe Atlas is an online payment method. It allows merchants to accept payments. Also, it sends out payments and manages its operations online.
After all course, it’s simple when dealing with one-time payments. It’s not a big deal for that purpose. But, things become more complicated if you have recurring payments to manage.
Is there even a payment gateway in Pakistan that provides the same services that Stripe does? 2checkout is accessible, but is it the same?
Online payment options are also provided to local banks. This includes companies such as EasyPaisa, but they are still quite limited. Payments are very simple to do.
Stripes permit residents of 30 countries to open accounts. But, Pakistan is not one of them. Heart-breaking? But wait! There is a technical procedure devised for doing it for you. It is a complete legal means to assist you in setting up your Stripe account while you are in Pakistan. The next question you should ask is, “How?” As a result, we’ll go through it in more detail below.
How to Setup Stripe Account in Pakistan?
Follow the steps below to set up a Stripe account from Pakistan:
Create Your Stripe Account
Provide general information.
Fill up your email address, complete name, and password.
Click on the CREATE ACCOUNT button.
Verify Your Email Account
Open your email account and confirm email address.
You will be redirected to the sign-in automatically after verification of your email.
Congratulations!!! You are in… Start using stripe now!
Activation of Account
You need to activate your account first before using the services.
5 Information Checkpoints That You Need to Know Before Setting Up Stripe Account
To activate your Stripe account, you must complete five major information hurdles. These five checkpoints will be displayed on the left side of the screen.
Share Your Business Particulars
You will be asked about these details:
- Business phone number in the business details
- Type of business
- Identification number for the employer (optional)
- Website for a business
- Description of the company
- Finally, you’ll need to explain how long it takes your consumers to receive services after they pay.
- The screen that asks these questions will appear like the one below.
Fill Business Representative Information
- The next step is to fill out the business representative section, which will question you what
- Your whole name
- Your electronic mail address
- Telephone number
- Your birthdate
- Your social security number’s last four digits
Add Credit Card Statement
- You must fill in the blanks with the information shown in the image below.
Share Your Bank Information
- You can only submit information about your bank account that is registered in the United States.
Verification in Two Steps
You either use texting confirmation or an authorization app. You must have a US phone number for text message authentication.
Send in Your Application
After authentication, you will be prompted to submit your application for a Stripe account, for which you will just click the submit application button. It is preferable to read the services and agreements before signing them.
Following that, you will be prompted to validate your email address one more. This verification will enable you to obtain your test API keys.
Obtaining Test API keys
Payments you send or receive are not handled by card networks or payment providers, so you enter your API test keys in test mode. When you click on the selection, it will appear in front of you.
Obtaining Live API keys
To obtain your live API keys, you must first activate your account. Your live API credentials will be made available to you after your account is activated.
If you are a Pakistani and have a US bank account, EIN number, US cell number, and address, you may easily register with Stripe. If you do not have these things, you will have to suffer. You can commit the task of establishing your stripe to a trustworthy platform such as Ejad plus. Do what you’re best at and leave the rest to us.