stripe in pakistan

How to Open a Stripe Account in Pakistan [Definitive Guide]

Stripe stands as the epitome of an excellent payment gateway, allowing businesses to effortlessly process payments online from clients globally. It offers a seamless solution, whether you’re invoicing clients for services or managing recurring billing. What sets Stripe apart is its user-friendly interface and simplicity in handling payments. While the initial setup is free, Stripe charges a reasonable 2.9% plus 0.30 cents for every successful transaction, making it a viable choice for businesses.

Stripe and PayPal: Breaking Barriers in Pakistan

Historically, Pakistan faced limitations with both Stripe and PayPal, as these platforms didn’t support the country as a region for operating merchant accounts. However, the landscape has evolved. While these global giants are not directly available in Pakistan, there’s a new wave of solutions entering the market. These alternatives are bridging the gap, allowing entrepreneurs like us to access payment services. However, there are challenges, including complicated application processes, limited integration options for various platforms, high transaction fees, and setup costs.

Navigating these hurdles, however, opens up immense possibilities for businesses in Pakistan. Entrepreneurs can now explore a world where accepting payments globally is not just a dream but a tangible reality. The evolving landscape promises a future where the complexities of payment gateways are simplified, making it easier for businesses to thrive in the digital economy. With persistence and the right tools, entrepreneurs can turn their visions into profitable ventures, embracing the power of online payments to fuel their success stories.

Exploring Your Options: Payment Gateways and Requirements

In the vast landscape of digital transactions, several notable names have emerged as trusted avenues for financial dealings. Some of these names include PayPro, Alfalah Bank, UBL Bank, MCB Bank, Paymo, and SafePay. While these are solid options, there’s an intriguing alternative that we’re going to delve into – Stripe. Rather than debating its superiority over others, let’s jump right into understanding the process of acquiring a Stripe account, especially if you’re a Pakistani passport holder.

Essential Components: Navigating the Requirements

Opening a Stripe account on a Pakistani passport might seem like a complex process, but breaking it down into steps simplifies the journey. To embark on this endeavor, here’s what you’ll need:

  1. Virtual Number (Approx. USD 15/year): The initial step involves obtaining a virtual number, essentially a USA mobile number provided via VoIP. Several applications like Vyke and Second Number, available on Android and iOS, facilitate this setup.
  2. Virtual Address in the USA (Approx. USD 50 to 100/year): Registering an LLC mandates having a virtual address. While using the address of a relative or co-working space is feasible, acquiring a dedicated virtual address is recommended. When establishing an LLC in the USA, a registered agent is typically required. This agent provides a mail forwarding/virtual address, essential for official correspondence.
  3. USA LLC (Wyoming – A Tax-Free State, Approx. USD 200): Setting up a USA Limited Liability Company in a tax-friendly state like Wyoming is fundamental. This legal structure provides the necessary framework for your business operations.
  4. EIN – Employer Identification Number (Approx. USD 200 or USD 15 if self-applied): Obtaining an EIN is crucial. It serves as a unique identification number for your business, essential for tax and legal purposes. The process can be done independently, reducing costs significantly.
  5. USA Bank Account (via or Payoneer): Lastly, having a USA bank account is pivotal. Platforms like and Payoneer offer hassle-free setups, ensuring seamless financial transactions.

Navigating the ProcessĀ 

While these requirements may seem daunting initially, breaking them down into comprehensible steps makes the process manageable. The goal here is to transform the seemingly complex into the achievable. By following a methodical approach, acquiring a Stripe account on a Pakistani passport becomes a tangible and legal reality, empowering entrepreneurs to engage in global business ventures.

Establishing a USA LLCĀ 

When it comes to establishing a business presence in the USA as a foreign national, choosing a tax-free state is a strategic move. Wyoming, among the nine tax-free states including Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, and Washington, stands out as a popular choice. In this discussion, we’ll focus on the process of setting up a Wyoming state LLC, providing comprehensive guidance for entrepreneurs.

1. Selecting Wyoming for Your LLC:

For a Wyoming State LLC, a reliable registered agent such as a Wyoming Registered Agent is recommended. They offer a package that includes:

  • 1 Year of Registered Agent Service ($50)
  • Same Day Filing Time ($50)
  • Wyoming State Fee ($100)

The total cost for this service is approximately USD 250. Additionally, you’ll require around $200 to obtain an Employer Identification Number (EIN), a mandatory document for your business. It’s advisable to file for the EIN immediately along with the LLC registration.

2. Acquiring the EIN:

While hiring a registered agent is a convenient option, you can also obtain the EIN by yourself to save costs. However, this process can take 4-6 weeks and requires a virtual fax number (approximately USD 10-15)

The self-filing process involves downloading the SS-4 form, printing and scanning it, and then sending it via FAX to the IRS authority. The IRS will respond by sending your EIN via FAX, a process that might take up to 8 weeks.

3. Opening a USA Bank Account:

After successfully setting up your LLC and obtaining the EIN, the next step is to open a bank account. Platforms like and Payoneer offer seamless account setup. Simply visit the Wise website, follow the steps, and provide the necessary documents including your passport, LLC documents, virtual address, and virtual USA phone number. The process typically takes a few hours, although in some cases, account review may extend the duration to 2-3 days. Additionally, these platforms might request a deposit via your Pakistani credit card, a standard procedure.

By meticulously following these steps, entrepreneurs can establish a Wyoming State LLC and acquire an EIN, paving the way for a legitimate and efficient business operation in the USA.

Opening a Stripe Account for Pakistani Entrepreneurs

Now that you’ve successfully established your LLC, obtained your EIN, and set up a functional bank account, you’re all set to embark on the next step: opening your account.

1. Registering on

Navigate to and click on the signup button. During the registration process, it’s crucial to specify your account as a USA LLC. Notably, Stripe allows access to its dashboard and account even from a Pakistani IP address. This convenience eliminates the need for complicated workarounds.

2. Providing Business Details:

During signup, you’ll need to input essential business details. This includes your USA address, company name, and business type, which in this case, will be USA LLC. Stripe’s inclusive approach recognizes entrepreneurs from Pakistan, so confidently use your Pakistani passport as your identity verification.

3. Linking Bank Account and EIN:

Additionally, you’ll need to link your bank account and provide your EIN. These details ensure seamless financial transactions. After providing the necessary information, Stripe might conduct a brief review of your account, a process typically lasting 1-2 business days. Once the review is complete, your Stripe account will be active and ready to use.

4. Harnessing the Power of Stripe:

Having Stripe as your payment gateway significantly amplifies your business potential. You can seamlessly integrate Stripe with platforms like Shopify, WooCommerce, or any e-commerce store. This integration enables you to accept credit and debit card payments from both your Pakistani and international customers.

Moreover, Stripe empowers you to create and send invoices to your international clients. They can conveniently settle their dues using credit or debit cards, enhancing the efficiency of your billing process. If you’re venturing into the world of Software as a Service (SAAS) business, Stripe facilitates recurring billing, making subscription-based services easily manageable.

Final Thoughts

Opening a Stripe account in Pakistan not only bridges the payment gap but also propels your business to new heights. With Stripe, the global market becomes accessible, allowing you to serve customers worldwide seamlessly. This strategic move not only enhances your revenue streams but also solidifies your position in the digital business landscape.

Have any thoughts or questions about this process? Feel free to share your comments in the section below! Your feedback is invaluable, and it can spark insightful discussions for fellow entrepreneurs.

Exploring the World of Stripe Accounts for Pakistani Individuals and Businesses

Can Pakistani individuals or businesses open a Stripe account?

Absolutely, both Pakistani individuals and businesses have the opportunity to open a Stripe account. Despite Pakistan not being officially supported by Stripe, it’s entirely feasible to create an account by adhering to specific guidelines and procedures.

Is Stripe officially supported in Pakistan?

No, Stripe isn’t officially supported in Pakistan. However, this doesn’t bar individuals and businesses from unsupported countries, including Pakistan, from setting up a Stripe account. Fulfilling particular criteria enables access to this platform.

What are the requirements for opening a Stripe account in Pakistan?

To initiate a Stripe account in Pakistan, several prerequisites come into play:

  • Forming a US-based Limited Liability Company (LLC): Non-US residents, including Pakistanis, must establish an LLC in the United States.
  • Obtaining an Employer Identification Number (EIN) or Tax ID: This unique identifier, crucial for tax-related matters, is attainable by applying to the Internal Revenue Service (IRS) in the US.
  • Acquiring a US Physical Address: A valid US physical address is mandatory for correspondence.
  • Having a US Phone Number: An active US phone number is necessary for account verification.
  • Possessing a US Bank Account: A functional US bank account is essential for seamless transactions.

How can one overcome the lack of official support for Pakistan?

To tackle the absence of official support for Pakistan, individuals and businesses need to meet the stipulated requirements, such as establishing a US-based LLC, obtaining an EIN, and securing a US bank account.

What are the benefits of forming a US Limited Liability Company (LLC) for Stripe account setup?

Creating a US LLC presents numerous advantages, including meeting Stripe’s criteria for non-US residents. Additionally, an LLC offers liability protection, segregates personal and business assets, and enhances credibility for international business dealings.

How can an individual or business obtain an Employer Identification Number (EIN)?

Procuring an EIN involves applying to the Internal Revenue Service (IRS) in the United States. There are specialized services available to assist non-US residents throughout the EIN application process.

What options are available for acquiring a US-based address for Stripe account registration?

Individuals or businesses in Pakistan can obtain a US-based address through services like Shipito. These services offer a valid US address that can be utilized during the formation of an LLC, ensuring compliance with Stripe’s requirements.

How can a US phone number be obtained for Stripe verification purposes?

Applications like Dingtone serve as a solution for obtaining a US phone number necessary for verification purposes. Users can download the app, register, and choose a preferred US phone number for a nominal fee, ensuring seamless Stripe verification.

Is having a US bank account mandatory for setting up a Stripe account in Pakistan?

Yes, it is mandatory to possess a US bank account when setting up a Stripe account in Pakistan. Services like Payoneer can facilitate the process of obtaining an individual US bank account. This account becomes essential during the Stripe account creation process, ensuring smooth financial transactions.

Are there any alternative payment processors or platforms available in Pakistan?

Certainly, Pakistan offers alternative payment processors and platforms such as PayPal, 2Checkout, Payoneer, and Payza. Each platform comes with its own set of requirements and features. It’s crucial for individuals and businesses to conduct thorough research to select the one that aligns best with their specific needs and preferences.

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