How To Receive Payment from Stripe In India (No Bank Account): Alright, In today’s post, I am going to be showing you how exactly I receive my payment from Stripe in India as a non resident of USA. I got my LLC registered in the US a few months back and I don’t have a US bank account. Stripe doesn’t allow Indian banks, so there’s a problem that most of the non residents face that is receiving payments from stripe. How can this be done? Read this post and find out.
How I Receive Payment from Stripe In India (No Bank Account)
In order to receive payment from Stripe, you must first have an active stripe account, I do dropshipping so I’ve got my account linked with my Shopify store. Why do I use stripe – It helps in boosting my conversion rate which is a big factor in any business. Getting a bank account in the US, can be an hectic process, so far I’ve been using Payoneer as an alternative for that and it does charge some 2 to 3% of transaction fees but helps me in receiving my money as soon as possible.
Once you have created your account, it should take around 1 2 days for the approval and then you’d need to add the bank information from payoneer to stripe so that you can receive the payment in your stripe account.
Once this is done then add your bank account, even if it’s in INR currency, select USD or your store’s currency while adding your bank account in stripe, then only you’ll be able to add the bank account successfully.
How To Receive Payment from Stripe In India: So yeah that’s about it for this post. I hope that you found this post to be helpful for you. In case you have any queries regarding this then feel free to let me know in the comments section below and I’ll be happy to help you out.