Setting up Stripe+Payoneer with UK business?

[EhtYlno]

Hi,

I wonder if activating Stripe as a UK company has fewer hassles than with a US LLC.
They don't ask for SSN, EIN, and other such numbers. All numbers are 'optional'.

Here's what I'd like to do:
*Add Payoneer's UK bank account
* Set up Stripe by selecting UK instead of US

Is that a better approach?

 

[mrbit]

bump for interest

 

[c.business]

UK stripe accounts are fairly straightforward to be honest, I am in the UK myself.

A little heads up, after so many transactions, they do require verification documents, IE: proof of business certificates, etc.

I do have a company registered here in the UK and have processed a fair amount through stripe, just ensure you plan ahead of the game and be ready to provide essential documents.

Also note, depending on the niche, IE: Clothing, they ask for supplier invoices, proof of fulfillment etc.

They do also require, a bank statement, with your address on, this has happened to me before, so be prepared.

Hope this helps,

 

[Nawfalhar]

interested!

 

[mrbit]

UK stripe accounts are fairly straightforward to be honest, I am in the UK myself.

A little heads up, after so many transactions, they do require verification documents, IE: proof of business certificates, etc.

I do have a company registered here in the UK and have processed a fair amount through stripe, just ensure you plan ahead of the game and be ready to provide essential documents.

Also note, depending on the niche, IE: Clothing, they ask for supplier invoices, proof of fulfillment etc.

They do also require, a bank statement, with your address on, this has happened to me before, so be prepared.

Hope this helps,

Ok what about taxes, is it common for e-commerce owners to pay little to no income tax to any kind of benefit/workaround? Do you know any foreigners who run UK entities from abroad or non UK Nationals running UK companies in the UK who happen to enjoy low income tax benefits?

 

[mrbit]

does anyone know if its better to go for a UK limited company instead of a LLC in the US for ecommerce and digital products services sold to international customers?