How to Use Stripe in South Africa
One of the top payment processors for online enterprises and business owners worldwide is Stripe. South Africa does not support Stripe. There aren’t many options if you want to open a fully verified Stripe account in South Africa, but the best one is to incorporate in the UK. One startup that offers this service to non-UK residents is Incorrupt.
Just in case you’re wondering what Stripe: A $20 billion valuation has been placed on the internet payment processor Stripe. In fact, Stripe is without a doubt the best at processing credit card payments. If you want to develop your business outside of South Africa and want to create an eCommerce business, software as a service, startup, agency, or simple website, Stripe is the solution for you. The best option for borderlessness is Stripe.
You must legally incorporate your UK Limited Company in South Africa before you can lawfully register a Stripe account there. Even if you have never been to the UK, as a South African resident or someone from South Africa, you can incorporate your UK Company online and from the comfort of your home.
Here are all the steps you need to start.
Step 1: Verify the availability of your company name.
Checking to see if your company name is available is the first step in incorporating your UK business. Your business name should be distinctive. As a result, it shouldn’t be identical to or very close to names of earlier organizations that are incorporated in the United Kingdom.
Choose a service address in step two.
Your company’s registered office and the director’s service address make up the service address.
Every business that is incorporated in the UK is required by law to have a UK registered office address. Your registered office address will be used by Company House, HMRC, and other UK government agencies to send official correspondence to your business, which will then be passed to you.
Step 3: Shareholders and Company Directors
In the UK, private limited companies require a shareholder and a director. You will serve as the single shareholder and Director of the business you are incorporating as its owner. You can accomplish this by getting in touch with our support team if you have a business partner and want to include them as a shareholder or director. Following a purchase. In the sign-up form, provide the necessary personal information. All information will be used as shareholder and director information.
Register your company in Step 4.
After providing the necessary information, you should continue and complete the payment. All of the information you provided will be reviewed by our technical support staff to ensure its accuracy. Following payment, you will get a confirmation email and be able to log in to your account to provide one proof of identification and one proof of address.
The form of identification we require can be one of the following if you are from South Africa. One of the following is possible: a telephone bill, an electricity bill, a driving license, a water bill,
Account for a business in step four
The next step once your company is established is to obtain a business bank account. With one of our banking solution partners, Incorpuk will help you set up a business bank account. A debit card and mobile banking are included with your business bank account. You can also transfer money from your business bank account to a South African bank account nearby.
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Open a Stripe account as the fifth step.
Open a Stripe account as the following step. Once more, our customer support staff walks you through the steps to open and activate your Stripe account with your UK business and business bank. Regardless of the kind of your business. Following the step-by-step procedure, Stripe will request that you upload your proof of ID and proof of address before calling the transaction a success.
