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How to Register Dropshipping Business in the US and Get Credit Card Payments with Stripe!

by Olga L. Case studies
Apr 14, 2017 13 minute read
20410 108

When you use Stripe, dropshipping money is much easier to get

When you start your drop shipping business and work on the store design and development, you need to be really careful about the payment options you offer.

It is important that your customers can easily pay for their purchases. Wherever they live, they should be able to make an online payment. That’s why you must include all the necessary payment options in your store.

How can your store visitors pay for their orders?

When you use Stripe, dropshipping money is much easier to get

Generally speaking, if your dropshipping store has a global reach, you must integrate two payment options into it:

  • Payment via credit cards;
  • Payment via PayPal.

If you target some specific geographic region, you can also use some local payment systems that work on this separate territory. But if you are not limited with a certain region and want to target customers all over the globe, it is best to use both credit card and PayPal payment systems.

As to our own dropshipping experience, nearly 50% of our buyers pay for their orders via credit cards. If your dropshipping store doesn’t accept payments made through credit cards, you lose up to 50% of your potential profit.

Not that great, eh?

What is more, there are countries where PayPal payments are not available at all! It means that credit cards payment is the only possible option for people on these territories.

It means that you must do your best to integrate a credit card payment system into your dropshipping store if you want to work with your customers all over the globe without any troubles.

Integrating credit card payment systems into your dropshipping store

When you use Stripe, dropshipping money is much easier to get

There are various solutions that can be used in your online store for processing credit card payments. But their functionality varies a lot for different countries.

For example, we know that there are countries where local laws oblige store owners to show the total bill on checkout page in local currency only. It seriously limits the choice of suitable credit card processors.

This is why for our own dropshipping stores, we decided to work with some of the payment processing companies from abroad.

If you use these systems, for example, Authorize, 2checkout, Stripe, etc., your store gets an option of taking credit card payments, which is great both for you and for your customers.

Still, these systems are also tricky.

For example, there is a system called 2checkout. Anyone from anywhere on the globe can register in it, even a private individual without an officially established company.

But 2checkout has some really strict regulations. The company staff looks into your store in detail, and pays attention to EVERYTHING. Are you trying to sell branded items? Does the contact information match the contact details you provided upon registering? Does your business niche have a high risk of refunds? These and many other issues are carefully viewed, and your application can easily be denied.At first, 2checkout didn’t even accept registration applications from dropshipping stores as the company didn’t trust them enough. Now the situation is a bit different – 2checkout is more tolerant to dropshipping business. In the end of 2016, they made a statement they are now supporting AliExpress dropshipping stores.

We have tested 2checkout on several dropshipping stores we have, but for some reasons it wasn’t really convenient. Instead, we preferred a system called Stripe, because:

  • It’s much quicker to register in Stripe;
  • Stripe is more convenient from the technical point of view;
  • You pay much lower fees;
  • You can get cash payments much sooner.

What is Stripe and how does it work?

When you use Stripe, dropshipping money is much easier to get

Stripe is a very popular and advanced technical solution. It is a payment processing system that lets you accept credit cards on your sites.

Using Stripe, you can allow your buyers place an order and make a payment via a credit card directly on your website. They are not transferred to any other websites, so they quickly and easily make an on-site payment. It doesn’t matter what is the country where your customers live.

Stripe views your application automatically, so the registration process is much simpler than with 2checkout. They don’t ask you any additional questions, so you will definitely get your registration.

The problem, again, is the country where you are based and where your bank account is registered. Unfortunately, Stripe is currently not supported in most of the countries and is only available in the USA and a number of other countries.

So, if you are not a resident of one of these countries and do not have a local bank account, technically you can’t use Stripe service.

But even if you live outside this region and Stripe does not provide its services in your country, there’s still a way out. You can register dropshipping business in any of the countries where Stripe works, and get an access to it. We decided we will register our business in the USA because it’s much easier than in other countries supported by Stripe.

To put it simply, there’s the whole process for those who lives outside the US:

  1. Your client makes a purchase from your dropshipping store and pays for his order with a credit card;
  2. His money goes on your Stripe account;
  3. Money on the Stripe account is transferred to your Payoneer account;
  4. You use a credit card from Payoneer to pick up your money from any ATM.

Sounds tricky?

It’s actually quite simple.

Here are the 4 steps you need to go through:

  1. Register dropshipping business in the US;
  2. Open Stripe account;
  3. Register with Payoneer and apply for a virtual USA bank account;
  4. Connect your USA bank account to Stripe.

So let’s go through the details!

Registering your company in the US

When you use Stripe, dropshipping money is much easier to get

First of all, let’s think of the corporate structure for the business you’ll register.

Choosing among different business entities in the US, the LLC (Limited Liability Company) seems the most convenient one and it is easy to start up. It has no corporate taxes and no limitations on who may be involved, and it can be managed by its members or by managers. Besides, it is well-suited for companies with a single owner.

Registering LLC is a rather simple process. You can find many companies which offer such service (we can recommend and You don’t need to present any documents – just submit your corporate information online. You also don’t need to travel to the USA to register a company. All filings can be done remotely, electronically.

What is also important, as a foreigner, you are not required to have Social Security Number to open your company and obtain EIN (company tax ID). You also don’t need to have a US address or phone number, however if you like it’s possible to obtain them from specializing vendors (around $250 per year).

All the process usually takes around 3 weeks and will cost you around $400-1000 depending on the US state you register in, and on other additional options you will choose (for example, creating virtual mailing address, etc.).

Please be careful – there are states where you must pay very high taxes on your business! We didn’t know it at first, and registered our company in California. Later we learned that in California you must pay at least $800 per year as a business tax, and also really high California state taxes. Not that good, right?

Take some time to research USA state taxes, and choose the state with the lowest taxes. Please note that these laws may change from time to time. At the moment of writing this article, we know that in Nevada and South Dakota there are no state and business taxes at all.

Once your LLC is registered and you got your company EIN (company tax ID), it’s time to proceed with Stripe account.

Opening Stripe account

When you use Stripe, dropshipping money is much easier to get

As soon as your company is registered, your business receives a tax ID.

Using this ID, you can register in Stripe.

Simply visit and register your account. After it is registered, you need to activate it by filling an account application. Enter your US company details (including EIN), your personal details, and a digital copy of your ID. In a few days you should be approved.

When you use Stripe, dropshipping money is much easier to get

Now you can use Stripe gateway on your store and accept credit/debit card payments from your customers! All payments come directly to your Stripe account and you can easily withdraw funds to your US bank account.

Stop! How will you get a US bank account?

After 9/11 and with the passing of the Patriot Act it became really hard for foreigners to open U.S. bank accounts. Only a trip to the US would present you with the best opportunity to open a bank account.

But we have a solution for you!

Registering with Payoneer

In most cases what you need is not a bank account, but the functions provided by a traditional bank account. For this purpose, you can use a reloadable prepaid debit card from companies like Payoneer.

What you get is an internationally recognized debit card and a virtual Bank of America account with routing and ABA numbers that you can easily connect to your Stripe account and withdraw funds directly to your debit card.

All you need to do is register with and connect Global Payment Service to your Payoneer account in order to get a virtual US bank account.

When you use Stripe, dropshipping money is much easier to get


Connecting your USA bank account to Stripe

When you use Stripe, dropshipping money is much easier to get

As soon as you have connected Global Payment Service to your Payoneer account, you can use this private account to take some necessary data.

Then, you need to access your Stripe account, and go to the Payouts section. In this section, you need the Settings tab – here you add your Payoneer account number.

That’s it.

Now the money you get will be transferred to your Payoneer account.

When you register in Payoneer, the company sends you an internationally recognized debit card through ordinary mail. So you take that plastic card, go to any cash terminal, and FINALLY – you’re holding the cash in your hands!

Benefits and advantages for your dropshipping business

When you use Stripe, dropshipping money is much easier to get

So after all, you have your own limited liability company registered in the USA.

It doesn’t cost that much: for our first US company, we paid $634 for LLC registration, and $299 for the USA business and mailing address.

It doesn’t take long: in our case, all the procedures took about a month.

And for all that, you get several meaningful benefits for your dropshipping business:

  • You can earn twice as more as you previously did because you now accept credit card payments;
  • Your business is now fully legal. It’s registered in a real place in a real country, it has a tax ID, and all that.
  • You now have a company in the USA! How cool is that?
  • You have a virtual account where all the money from your buyers is stored. It’s convenient to use and easy to understand.
  • You can rightfully use a convenient payment system. You can transform all the money into real cash, and use it the way you want.

We hope all this information will be useful to everyone who doesn’t live in the USA but wants to register their business in this country. As you can see, registering your dropshipping company in the United States is not that difficult. Instead, it lets you get a lot of legal advantages, and also deal with money easily.

If you have any questions, notes, or your own tips – please leave them in the comments section below! We are always happy to receive your feedback because it lets us make our guides and articles even more helpful and useful.

By Olga L.
Olga Lavrinovich is a content creator at AliDropship, and she aims to explain the most complicated drop shipping concepts in the simplest terms possible.
Chris April 18, 2017 7:49:05

Thanks for the overview!

Giuseppe April 19, 2017 16:48:15

Thanks for sharing! Is it possible to use stripe as an individual without have to register a business?

    yaros April 24, 2017 7:17:55

    As far as I know you need to have a company registered .

harris April 19, 2017 17:10:32

What are the tax filling requirements if you have a US company? Who handles the tax requirements of the LLC company if you live outside the US?

    yaros May 8, 2017 3:17:21

    We are preparing monthly income reports and expenses. And you need to complete tax declaration each year.

    yaros May 8, 2017 3:25:26

    Taxes and requirements depend on a state you established a company in. I hired a CPA who helps me with tax filling and tax returns.

    Klinsmann January 20, 2018 13:33:57

    I have a friend who helped me register for stripe in the US with his details, I was wondering though if I need to access my stripe account using a VPN or something to avoid being banned.

Chiril April 19, 2017 17:11:33

Thanks for the comprehensive information!

One question though, how do you file and pay income tax for your business?

    yaros May 8, 2017 3:19:40

    I recommend using Quickbooks to file your income stats and expenses. Then you need to pay taxes each year.

Milos April 19, 2017 17:44:25

As fas as i know you don’t have to register a company in US in ordrer to accept CC payments from American citizens in US$. Please confirm. Thx

    yaros April 24, 2017 7:15:38

    Absolutely, you don’t need a US company to accept payments from American citizens.

Ihar Anfimau April 19, 2017 20:25:34

Thank you very much.

Just faced this problem today when I got rejected by 2Checkout. It seems they don’t like dealing with drop shipping business at all.

I have 3 questions.

1) Doesn’t Stripe ask what you are going to sell, wholesale/drop shipping agreements? Aren’t they going to look at what you are going to sell?

2) How do you avoid the limit Payoneer on 9 transactions a day? If you drop ship successfully, there will be much more orders.

3) Can we pull this out with PayPal? I mean PayPal + Payoneer

BTW, what about registering a company under another company? It’s even cheaper.

    Ihar Anfimau April 19, 2017 20:39:57

    Should I use US proxy when I’m applying for Stripe?

    yaros May 8, 2017 3:22:54

    1. Stripe also checks what you are selling but it does not ask for any agreements.
    2. Actually, we have not come across with such issues.
    3. As far as I know PayPal does not work with Payoneer.

Jozef April 20, 2017 0:22:52

What are the additional charges for LLC? (Monthly, annual and accounting)?
How is sales tax paid?
Is it necessary to make a tax return?

  2Checkout has really strict conditions, my account was not approved

    yaros May 8, 2017 3:42:47

    You need to pay taxes once a year. And you can also make a tax return. The requirements and amounts depend much on a state you register your company in.

Michael April 20, 2017 5:25:39

So when your customer makes a purchase with Stripe the payment goes directly into your Payoneer account?

    yaros April 24, 2017 7:08:50

    When a customer makes a purchase, the payment goes directly to your Stripe account. Then you withdraw money from your Stripe account to your Payoneer account.

BALAJI SRINIVASAN April 21, 2017 6:01:08

thanks for your effort

Jeevs April 22, 2017 17:53:26

Actually, this is a good review. But there are certain things you will need to amend or review and update so that it will be a complete guide for people who wish to open a company in US.

a) The best state to open a simple LLC Foreign Entity is WY (WY has less rules and annual costs are very low)
b) The formation cost will differ but most in line with 375 – 450$ (A basic)
c) Stripe need a physical address
d) Stripe does not support drop-shipping business. This is the feedback I got from Stripe. You need to state how to overcome that as Stripe considers it as high risk since the account holder does not have any control over the stocks!!!
e) To obtain an EIN from IRS, it usually takes 4-6 weeks. (In WY company formation takes only 1 day)
f) Even if there are 0% income tax, there are statutory filings with state which is very important. Need to know these things with a CPA. Hence, it is vital that you know them.

I think this is a good article and very informative. I would like to suggest that if you can address the following concerns also and incorporate them to the original doc, then one shot the readers will be able to educate themselves.



    numan November 2, 2017 19:37:17

    I have same concerns with you, stripe is not accepting dropship business. I don’t understand why no one wants to talk about it 🙂

      Yaroslav Nevsky November 3, 2017 4:19:36

      What’s the point to talk about it if Stripe actually works fine with dropshippers?:) If you applied and your application was declined because of dropshipping, let’s talk about it.

Erko April 25, 2017 12:46:30

But why to make payoneer acc, and to move my money there, when stripe have own stripe debit card and can withdrw the money from where you want ?

    yaros May 8, 2017 3:46:49

    I have not heard about such option.

Barmog April 27, 2017 15:50:38

I have a very important question, can I buy US address not in the website you mention above ? For stripe verification

    yaros May 8, 2017 3:29:15

    Yes of course, you can use such service from any other provider.

shah saad April 27, 2017 22:59:58

For uk citizen is it necessary to register a company to make stripe account?

    yaros May 8, 2017 3:36:17

    As far as I know you can register with Stripe as individual if you are UK resident.

khare May 1, 2017 5:21:43

Please I would like to move/transfer the money from my payoneer account to my local bank account. Is it possible.

    yaros May 1, 2017 16:15:07

    Yes, there is an option on Payoneer account to connect your local bank account.

Rustam May 5, 2017 7:58:05

Hey,can you pls advise about taxes, do you need to pay annual taxes and calculate exact amounts or fulfil any kind of documents?Or you opened LLC is States, you mentioned, without any?

    yaros May 8, 2017 3:43:46

    Yes, you need to calculate amounts and pay taxes each year.

Owen May 7, 2017 3:05:15

I registered an LLC but the Stripe account application asks for the last 4 digits of your Social Security number.

    yaros May 8, 2017 3:44:28

    Just enter your EIN last 4 digits instead.

      Quang May 24, 2017 8:39:36

      Because the SSN number, they require me to update my passport or identification to verify?

phil May 9, 2017 7:33:39

I know at least 14 people that are having allot of trouble get paid via these virtual Payoneer accounts, even stripe tell u it is not advised due o them been a virtual bank and the high bounce rate they encounter, think twice before you do it

`Elena May 23, 2017 2:02:49

Hi, everyone! Thanks Yaros for all detailed answers

I really appreciate your work, your professionalism!


RANJITH June 6, 2017 6:50:03

Can we use one account (LLC+stripe+Payoneer) for multiple webiste or domain?

    yaros June 6, 2017 7:13:19

    You need to register a new account for each site, but it’s not a problem, you just use the same LLC details.

      tenario June 11, 2017 13:16:49

      What if i find a friend or relative of mine and he registers on my behalf on stripe as a Canadian for example, will it work?

        yaros June 12, 2017 4:06:23

        Yes, it can work.

          Nikola July 1, 2017 2:47:26

          If a Canadian friend registers as an Individual/Proprietorship, does he still need to pay taxes, how does that work, can you explain a little bit more, or point to some articles where is described? Thanks

Hani June 11, 2017 16:28:53

Kindly clarify how
“connect Global Payment Service to your Payoneer account in order to get a virtual US bank account.”
I didn’t understand how to do it.

Matt June 23, 2017 7:53:09

Great article. However, you CAN’T receive payments with Payoneer. You need a local US bank.

Can you please tell more about taxes?

Some people say that as a non US resident, I need to pay taxes only in my country.
Do you pay 30%?
Or you just fill the 1099 form?

    yaros June 23, 2017 8:41:10

    You can receive money with Payoneer.
    1. Register US LLC
    2. Open Stripe account using your LLC
    3. Open Payoneer account and get a debit card
    4. Withdraw money from Stripe to your Payoneer account
    5. Withdraw money from your Payoneer card from any ATM in your country or transfer money from Payoneer to your local bank account.

    As for taxes questions we will publish an article soon.

      Matt June 23, 2017 19:30:01

      Thank you, Yaros.
      Payment Gateways and tax is the worst part about dropshipping as non resident.

Tony June 25, 2017 10:55:42

Hello everyone and thanks for your wonderful Blog Yaros concerning this matter.

I found an interesting article that affects all Non-U.S. residents that set up a LLC company in the U.S. (Delaware, Wyoming or Nevada) and sell in the U.S.

Presently there is a lot of confusion amongst tax proffesionals whether you have to pay tax on U.S. source income. Please check out this link from a tax attorney explaining why they misinterpete the tax laws.

Oalid June 27, 2017 4:41:24

Actually there is a problem related to linking Stripe with Payoneer.. when a customer asks for a refund you cannot give him back his money once it’s transfered to your Payoneer account and this will lead to some issues with Stripe that you don’t want!

    yaros June 27, 2017 5:14:38

    I have never had any issues with it, I always have some money on my Stripe account to give refunds.

southernX July 14, 2017 13:31:36

Just wondering whether one business registration is for one niche? Or is it possible to register an umbrella type business (with a more generic name), that could cover a possible range of niches? So multiple income streams could flow into a Stripe (or other) account. Is this possible? For example, My Pet Biz could cover incomes from, and

    yaros July 15, 2017 15:48:28

    Yes, that’s the right idea I think! Choose a more generic name and all your dogs, cats and rabbits can use the same umbrella.

Ethan July 20, 2017 11:05:14

If I create a Stripe account via a US friend registers as an Individual/Proprietorship, does he still need to pay taxes?
Also when connecting that account to a Payoneer account, is it possible to connect a Payoneer account the created in someone else’s name?

    yaros July 21, 2017 3:59:06

    Yes, you can connect other Payoneer account, but taxes are paid by a person an account registered for.

dany July 27, 2017 19:42:46

1) if i registered llc with one of the “ and”
am i still need to have a physical address or phone number?
2) if i run 2 stores, is it enough to have only 1 LLC ? can i use same stripe account ?
3) if stripe request ” US resident document” for verification purposes, how can i go through with it?

    yaros July 28, 2017 4:21:44

    1. It is better to register a virtual address to get necessary documents. It costs $100-200 per year.
    2. Yes, you can run any number of stores under one single LLC.
    3. When you register Stripe through your US LLC, you will only need to provide your company EIN and address (virtual).

      dany July 28, 2017 5:07:30

      can you tell where i can get those virual address and other documents please?

slasha August 11, 2017 23:07:57

when i registering for stripe, am i used my real living address or usa based address?

    yaros August 12, 2017 5:19:23

    If you are registered as US business, you need a US address.

Davi Areias August 16, 2017 23:47:51

What about US taxes? There seem to be so many, that I don’t see how registering a company there is worth it. You can just use the payoneer account with no business there, and register it elsewhere.

    yaros August 17, 2017 4:15:46

    If you are based in the country that is not supported by Stripe, you can’t create a personal account.

Kamran August 23, 2017 9:18:29

Yaros, thank you for this detailed post. It is really helpful to us. I got a couple of questions.

1 – When applying for stripe and using stripe do we use a US Ip of the State where the llc is registered?
2 – When stripe asks for ID docs or verification. What do we do then because they would know that we’re not US citizens.

I would really appreciate if you could answer these two questions.

Thank you so much for this post

    yaros August 23, 2017 9:34:58

    1 – you don’t need to use US IP, you can register from your country.
    2 – you provide your real documents, it does not matter from what country you are when you register Stripe with US LLC.

pTomic September 2, 2017 19:17:24

Six states, North Carolina, North Dakota, Colorado, Mississippi, South Carolina, and Utah, have top rates at or below 5 percent. Nevada, Ohio, Texas, and Washington impose gross receipts taxes instead of corporate income taxes.

At end of 2016…

Chris September 17, 2017 2:19:14

Can i register my llc in wyoming if i reside in GA?

    yaros September 18, 2017 4:54:47

    Yes of course, you can.

George September 19, 2017 13:18:05

Hey, thanks for this info ! Do i need to register personal account in Payoneer or business one ?

    yaros September 19, 2017 14:00:35

    You need to register a personal one. There is no option to register a business one.

      Bulat November 8, 2017 19:12:04

      You’re wrong, Yaros – it’s possible to open a business account in Payoneer, I have one

Abe September 20, 2017 6:39:02

Thanks for this very helpful post, Yaros.

When signing up for a Stripe account, is it okay to have a non-US address?

    yaros September 20, 2017 7:23:37

    As far as I know you need a US address.

Chester Rejuso September 22, 2017 7:24:27


Stripe is not available in my country. What if I want to register the business in Winnipeg, Canada? I’m not physically there. I want to register it under the name of my Aunt or cousin. Is it possible?


Jonathan Nunez September 26, 2017 23:46:45

Hi, i had an Stripe account set up like you explained but now, stripe can’t deposit to my payoneer account and they told me they no longer support payoneer.

What can i do now?

    yaros September 27, 2017 4:06:04

    Hi, Stripe does not support deposits directly to your Payoneer account but it supports deposits to your virtual bank account created on your Payoneer account. Please review the article again paying attention to the Global Payment Service you need to register with your Payoneer account.

Reda October 10, 2017 14:51:39


thank you for this I was struggling to find a solution from months, in my country I can only work with paypal. Now I have a question : can you business adress (used to create your llc) in a different state than the one where you regiter your llc? In my case, I will go for Wyoming, and use a PO Box as business adress, but my PO Box is in Florida, is that a problem?

Thank you!

wajdi October 11, 2017 11:29:28

Thank you for this awsome article Miss Olga, extremely helpful , and what s new is that now stripe themeself open you a company in usa and give you bank account

Praveen Nair October 19, 2017 16:31:44

But on Stripe, they are currently asking for Personal Details like last 4 digits of SSN No, while submitting the application ,registering an LLC won’t get us SSN right ?

    yaros October 19, 2017 17:38:09

    Just set your EIN first numbers instead.

      Gabe October 20, 2017 2:21:25

      Yaros ,
      you said the last 4 EIN numbers. I am confused

        yaros October 20, 2017 4:28:06

        Sorry, the LAST 4 EIN numbers.

Maxx October 20, 2017 17:05:01

-A Euro bank account in one of the Stripe supported countries-physically located, not virtual.
This is the response of support. Your comments on this situation.

Pranav October 21, 2017 15:24:57

Hey Yaros,
Amazing Article. Thanks for being so helpful to the whole community. Which US state should I register my LLC in. And is there any company who handles all tax concerns . Please post a link.Thanks

    yaros October 23, 2017 3:48:40


    From our experience, the most convenient and business-friendly states are Wyoming, Delaware and Nevada. They have no state income taxes for the businesses operating outside these states.

Kire November 1, 2017 18:18:43

yaros thanks for the help you are giving to the community,you are awsome.So if I understand you good you can open US stripe account if you are not from the country that stripe supports by incorporating US company and adding Payoneer Global Payment Service US bank account,for SSN you use the last 4 digits of EIN,but what if they request verification of your identity and you are from Croatia? You send them your real identification documents right? I only want to know is this model totally approved and legit by Stripe also.Best regard and thanks in advance.

    Yaroslav Nevsky November 2, 2017 3:43:02

    Yes, it is absolutely legit model. Since you don’t have SNN but have a registered US LLC, you can use EIN instead.

numan November 2, 2017 19:29:16

As I know drop shipping has prohibited by stripe, did you guys have any problem about this? are you still able to use your stripe account? what if stripe understands you are a dropship business?
please share your experiences,
thanks in advance

    Yaroslav Nevsky November 3, 2017 4:22:09

    I am, running 20+ dropshipping stores using Stripe and I know at least 100 dropshippers who are using Stripe on their dropshipping sites. No issues.

Alex November 10, 2017 8:03:10

Hey,thanks for great value!On payoneer when applying to Gllobal Payment Service they ask about your source of income/website/describing what are you doing etc.Do you tell them about ecommerce and just link your real website there,or tell them you are freelancer from fiverr,upwork etc?

    Yaroslav Nevsky November 10, 2017 8:09:30

    Just describe what you are doing.

Iskandar November 14, 2017 8:30:29

Hi Yaros,

I’m confused (probably because I am new to payment processing).

Can’t we just sign up for PayPal Merchant account to accept credit card?

JCV December 6, 2017 23:37:24

The only problem is: Payonner sometimes assigns a number of a bank account that does not receive Stripe, is there a way for payonner to change it?
Assigns me a bank called: Firts Century Bank and the route number does not accept it

    Marianne December 20, 2017 6:48:02

    My friend and I have the same routing number. He opened a stripe account a month before I did. His routing number and a bank account were accepted by Stripe, mine wasn’t.
    I am not sure what was the problem. Has Stripe changed some of its policies?

Daniela January 7, 2018 14:09:16

Hi Yaros,
I live in Canada and am researching the steps I need to take before opening my first online drop-shipping store. Is it necessary for me to go through the process of opening a Stripe account in the U.S. to target the U.S. market or have the convenience of Payoneer payouts…or can I just register my business in Canada? 1. Is it not basically the same thing? 2. Does Payoneer only work through a U.S. bank account? 3. Are there any disadvantages to registering in Canada instead of the U.S. ? Thank you so much for your feedback!!

    Yaroslav Nevsky January 8, 2018 5:15:07

    Hi Daniela, please note Payoneer is not a payment gateway, so you can’t use it directly on your site. I recommend that you register Stripe account and use straight away.

Carlos C. January 15, 2018 17:23:19

Hello Yaros,

I have some questions if you don’t mind:

1) I was wondering if you or other have experience using “”. The problem is they seem too good to be true, in their $399 “kit” they include US bank account, phone, and physical address plus other features. According to the services recommended by Olga (; one of their articles said “don’t trust those services who offer to open an US Bank Account, usually they are fraudulent, because the new law after 11S doesn’t allow it”, they recommend payoneer.

2) I was checking the “” packages but there are many options there to choose, or is enough with their “Basic Package” as is?

3) Which state do you recommend Wyoming or Delaware

4) Which services do you recommend to Phone Verify Stripe accounts?.

5) Which Physical Address service do you recommend?, is it necesarry to pay for it forever or just 1 or 2 months while stripe verify it?

Thanks for your answers

    Yaroslav Nevsky January 16, 2018 4:21:22


    1. As far as I know there is no possibility to open a US bank account distantly. So, if you decide to work with this company, get to know about it in advance.

    2. Basic package is enough, any additional services you can order later if needed.

    3. I would recommend Nevada – zero federal and zero state tax.

    4. Try GrooVe IP VoIP app for Android.

    5. You usually pay once a year. You can take it from or any other services offered in Internet.

Arjuna Jay January 22, 2018 7:03:28

Thanks for the info bro…this is pure gold.
I have this one question though? What happens if a chargeback is requested…..I hear that payoneer bank account won’t do reverse transactions and without it happening, you can no longer withdraw money from stripe……it’s not like a regular refund where you can just pay back the customer by whatever means, chargeback occurs when customer/client directly requests a refund from stripe right? I don’t know much about it but how do you deal with this kind of situation? :)

Adam P January 30, 2018 9:08:46

Thanks for very informative article. This seems like a solution of payment problems for many non-US online entrepreneurs. However, if you try to sign up with Payoneer as a company, you will be required to provide US bank account details in the last page of the sign up process (the one that’s called “Almost Done”). It does not let you to skip that part. Nor does it let you to change the country once you are signing up as a US company.

How to solve that? I have been researching the internet for guidance but found nothing useful.

Or shall I sign up as an individual? And use personal bank account from Payoneer for a US company?

    Yaroslav Nevsky January 30, 2018 10:12:23

    You need to register a personal Payoneer account and after open a virtual US bank account with Payoneer.

Aziz D February 6, 2018 9:34:23

Hi Yaroslav,
Great article! Many thanks.
As a non US resident,
1- there is any restriction to use the money in my country?
2- Do I need to justify it as my LLC’s expenses?
3- Can you share with me your CPA contact to deal with?

Again many thanks.

    Yaroslav Nevsky February 6, 2018 10:18:40


    1. – there are no any restrictions on using your money in your country.
    2. – you can hire workers in your country, pay them from your dropshipping income and add it to your US LLC expenses.
    3. –

Aziz D February 8, 2018 16:17:00

Do I have to pay 30% income tax?

Jhim Farid February 10, 2018 23:42:38

First of all, pretty well written and very informative article Yaros, way to go!

I just have one question at the moment, if I’m not a US citizen and I don’t live in the US either, but I have family living there, can I use their address when signing up on Stripe and avoid paying for the address service?

Thanks a lot 🙂

Alex R February 11, 2018 5:24:25

Hey Yaros! What a nice article, congratulations!
If a have family living in the us can I use the address of my family house instead of paying for one?

    Yaroslav Nevsky February 11, 2018 10:45:52

    yes, you can

Nat February 14, 2018 16:13:35

Thank you so much for these useful information!
I’d like to know please by using Stripe as a gateway and linking it to Payoneer, how many days does it take to be able to use Payoneer to pay online or to withdraw from an ATM? In other words, how many days does it take to have the money from Stripe to Payoneer?

Mex February 16, 2018 13:04:47

What about the tax returns?

I live outside of USA, I am doing business outside of USA, but using USA LLC to register stripe,

Should I file my tax returns my country or USA LLC that I am using to register stripe?

Thanks for your answer.

    Yaroslav Nevsky February 16, 2018 14:29:30

    Yes, you need to file your tax return with IRS (US Internal Revenue Service). I would also recommend that you get ITIN in US to get max return on tax.

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