Stripe For Unsupported Countries (Solution: Stripe + Transferwise)

daniel-97

daniel-97

Well-Known Member
I tested and successfully integrated Stripe to my website and with the help of some friends, did some tests and all the payments went through. Here's what I did:

Step 1: Register for Transferwise's Multi-currency Account (link)
- Register a Personal account (or Business if you want to fill out documents)
- At the "Receive and hold money" section, hit Get started
1601277777764.png​
- Follow the instructions, create a Personal account and fill in your correct info (your country, phone number, ...)
*The link above is an affiliate link, you and me both will get perks

Step 2: Choose the balance you want to get the bank information (I chose GBP)
- They won't let you see the bank information unless you verify by adding money and uploading your passport/ID/...
- Add at least GBP 20 to the account. The money is still yours, they don't take anything except for a small fee
- Transferwise's fees are very low compairing to other banks, check their real time fees here.
- After adding GBP 20 and verifying your identity, every balances will be available for you to choose
Note: Not every country can open a US balance, check their list here.

Step 3: Creating a Stripe account and verify it
- Follow this link: https://dashboard.stripe.com/register
- Verify your business, I used my main address, but for the Zip code and country, I used the bank's details from Transferwise
- Input the bank details you got from Transferwise
- For British accounts, you won't need any tax ID or anything ;)
- Go to Google and get a random UK number
- Turn on 2FA by downloading Google Authenticator app on your phone

Step 4 (optional): Stripe will send an email saying they can't verify your address and personal ID
1601280834702.png​
- Simply click "Update information" in the email
- Upload a valid identity document (I chose Passport - it has my country on it, but they accepted it anyway)
- After some days (I forgot to check, it was weekend for me), your account should has a banner saying this
1601281062904.png​

DONE! Now you can get your API to put them on your Alidropship's Setting
________________________________________
​
Extra Information:
- TEST API cards for you to test them: https://stripe.com/docs/testing
- LIVE API: use this when you want to go live and receive money. After you copied it, after 1-2 days, the code will be deleted from your dashboard, so make sure you do this carefully or you'll need to contact them for a new code
- If they ever ask for a proof of address, just take a picture of your address, I heard it works normally
- For customers from Europe, you will need to turn on SCA (Secure Customer Authentication), it will redirect customers to Stripe's page to use their cards

Hope this thread helps!
 
Last edited:
K

KevinLeo

New Member
daniel-97 said:
I tested and successfully integrated Stripe to my website and with the help of some friends, did some tests and all the payments went through. Here's what I did:

Step 1: Register for Transferwise's Multi-currency Account (link)
- Register a Personal account (or Business if you want to fill out documents)
- At the "Receive and hold money" section, hit Get started
- Follow the instructions, create a Personal account and fill in your correct info (your country, phone number, ...)
*The link above is an affiliate link, you and me both will get perks

Step 2: Choose the balance you want to get the bank information (I chose GBP)
- They won't let you see the bank information unless you verify by adding money and uploading your passport/ID/...
- Add at least GBP 20 to the account. The money is still yours, they don't take anything except for a small fee
- Transferwise's fees are very low compairing to other banks, check their real time fees here.
- After adding GBP 20 and verifying your identity, every balances will be available for you to choose
Note: Not every country can open a US balance, check their list here.

Step 3: Creating a Stripe account and verify it
- Follow this link: https://dashboard.stripe.com/register
- Verify your business, I used my main address, but for the Zip code and country, I used the bank's details from Transferwise
- Input the bank details you got from Transferwise
- For British accounts, you won't need any tax ID or anything ;)
- Go to Google and get a random UK number
- Turn on 2FA by downloading Google Authenticator app on your phone

Step 4 (optional): Stripe will send an email saying they can't verify your address and personal ID
- Simply click "Update information" in the email
- Upload a valid identity document (I chose Passport - it has my country on it, but they accepted it anyway)
- After some days (I forgot to check, it was weekend for me), your account should has a banner saying this

DONE! Now you can get your API to put them on your Alidropship's Setting
________________________________________
​
Extra Information:
- TEST API cards for you to test them: https://stripe.com/docs/testing
- LIVE API: use this when you want to go live and receive money. After you copied it, after 1-2 days, the code will be deleted from your dashboard, so make sure you do this carefully or you'll need to contact them for a new code
- If they ever ask for a proof of address, just take a picture of your address, I heard it works normally
- For customers from Europe, you will need to turn on SCA (Secure Customer Authentication), it will redirect customers to Stripe's page to use their cards

Hope this thread helps!
Click to expand...


Daniel, did you receive money to Transferwise account? or still haven't? Can you please give us some Update?
 
daniel-97

daniel-97

Well-Known Member
KevinLeo said:
Daniel, did you receive money to Transferwise account? or still haven't? Can you please give us some Update?
Click to expand...
No I haven't withdraw back to my Transferwise account yet, because Stripe hold the money for 1 week, maybe for new accounts so I don't have any amount to "Pay out to bank". But so far, no sign of problem in my Stripe account
1601358211805.png​
 
daniel-97

daniel-97

Well-Known Member
Mar said:
I am not in that step. I get stuck in submitting documents Revolut bank require, I never succeeded with endless errors. Very poor application,.
Click to expand...
With Transferwise it's very easy and straight forward. And if you apply for Stripe with a UK bank account, they don't ask for any tax numbers, but this will cost a bit more for money conversion between your shop -> Stripe (1%)
 
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Mar

Mar

Moderator
daniel-97 said:
With Transferwise it's very easy and straight forward. And if you apply for Stripe with a UK bank account, they don't ask for any tax numbers, but this will cost a bit more for money conversion between your shop -> Stripe (1%)
Click to expand...
That is good. But it won't happen until I am able to open an account with Revolut bank. So this is not good for me.
 
daniel-97

daniel-97

Well-Known Member
Mar said:
That is good. But it won't happen until I am able to open an account with Revolut bank. So this is not good for me.
Click to expand...
Yub, just an extra information and option if any member needs it ;) I wanted it so badly before, glad I found a solution I wanted
 
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Reactions: Mar
daniel-97

daniel-97

Well-Known Member
Mar said:
That is good. But it won't happen until I am able to open an account with Revolut bank. So this is not good for me.
Click to expand...
But may I ask why Revolut? If they're too troublesome, you can try another banking system. As I said above, Transferwise offers 40+ bank information all over the world and I think they support most countries
 
  • Like
Reactions: Mar
Mar

Mar

Moderator
daniel-97 said:
But may I ask why Revolut? If they're too troublesome, you can try another banking system. As I said above, Transferwise offers 40+ bank information all over the world and I think they support most countries
Click to expand...
That is a good option, but I just don't have the luxury of time to spend on something I am not sure to achieve. Thanks anyway.
 
the_lyall

the_lyall

Active Member
In Stripe you can set the payout frequency - by default it pays out weekly every Monday (if I recall correctly) which can cause a delay of up to a week after the payment has cleared, If you check the payout frequency options you should be able to make it faster, even with new accounts.

I use Stripe for websites and Transferwise for personal transfers and haven't had problems with either. This sounds like a good solution if you need it :)
 
daniel-97

daniel-97

Well-Known Member
the_lyall said:
In Stripe you can set the payout frequency - by default it pays out weekly every Monday (if I recall correctly) which can cause a delay of up to a week after the payment has cleared, If you check the payout frequency options you should be able to make it faster, even with new accounts.

I use Stripe for websites and Transferwise for personal transfers and haven't had problems with either. This sounds like a good solution if you need it :)
Click to expand...
Does Stripe charge anything to withdraw back to Transferwise's bank? Any fees in between because I can't find any document for that
 
the_lyall

the_lyall

Active Member
daniel-97 said:
Does Stripe charge anything to withdraw back to Transferwise's bank? Any fees in between because I can't find any document for that
Click to expand...
No, Stripe don't charge any transfer fees for withdrawals to your bank account (Transferwise or any other bank). They only charge fees on the payments you receive, nothing after that.
 
chris37

chris37

Well-Known Member
the_lyall said:
In Stripe you can set the payout frequency - by default it pays out weekly every Monday (if I recall correctly) which can cause a delay of up to a week after the payment has cleared, If you check the payout frequency options you should be able to make it faster, even with new accounts.

I use Stripe for websites and Transferwise for personal transfers and haven't had problems with either. This sounds like a good solution if you need it :)
Click to expand...
I have automatic withdrawal in my bank account from stripe I use the must faster withdrawal they give , I always get my money after 10-15 days,never faster and I use stripe over a year now.
 
the_lyall

the_lyall

Active Member
Chrisschris37 said:
I have automatic withdrawal in my bank account from stripe I use the must faster withdrawal they give , I always get my money after 10-15 days,never faster and I use stripe over a year now.
Click to expand...

Ah ok, is that 10-15 days after receiving the payment from customer or 10-15 days after Stripe confirms they are sending it to your bank account? I know you can make it faster for Stripe to send it to your bank account but you can't do anything to make the time shorter between Stripe and your bank :) Also it might vary by country, as so much does with these things.
 
chris37

chris37

Well-Known Member
the_lyall said:
Ah ok, is that 10-15 days after receiving the payment from customer or 10-15 days after Stripe confirms they are sending it to your bank account? I know you can make it faster for Stripe to send it to your bank account but you can't do anything to make the time shorter between Stripe and your bank :) Also it might vary by country, as so much does with these things.
Click to expand...
All the progress need 10-15days ...
I use revolut bank.
stripe verified the Paytment same day and deposit my money in 1-2day then I need about 12day until I get them in my bank account (UK bank)

Maybe is because of the bank without to be sure.
Stripe is faster then my bank :)
Anyway with paypal I use same bank a the deposit happen in 2-3days
 
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