How To Get ITIN for Stripe

Hey, everyone. So, today we’re going to be talking about how to get ITIN for Stripe.

Hey everyone, this is Sina Bonabi here from EIN Express. I’m an IRS certifying acceptance agent. And I’m both trained and authorized by the IRS to help non-US citizens all over the world, just like you, to successfully get their EINs and ITINs for them.

We’ve assisted over 2,240 non-US citizens to get the EINs and ITINs and we’d love to help you get yours as well too.

So, today we’re going to be talking about a very popular topic right now, how you get the ITIN for Stripe.

A lot of non-US citizens who are foreign entrepreneurs starting their businesses out and they’re operating online and they want to get these merchant accounts. Stripe is a big one.

I know that Stripe has over the last year or two added requirements here and there to open accounts with them.

Get your ITIN for Stripe here: https://einexpress.com/itin

 

The Importance of an ITIN for Your Stripe Account

I want to talk about two things. One, I’m hearing from a lot of people and I’m seeing it myself.

People who are in some cases, they’re able to open a merchant account with Stripe without actually having the ITIN.

But then, what I’m seeing happening is after some time, Stripe comes back and pauses or freezes their accounts. And then requests the ITIN for their tax reporting purposes.

Now, the reason why I think this is happening is that what’s going on is Stripe was allowing them to open the account with proof of their business documentation, I think their EIN tax ID as well and some other information, but without the ITIN.

And so, they were allowing them to open the accounts. And I think once the account hit a certain threshold where it passed the requirements of Stripe having to now report this for their tax appointing purposes, to do that, then they realized they need the ITIN from the client.

So, that’s what ended up happening to a lot of people that came to us. I heard this from them, they were saying that I had a Stripe account, sometimes they even mentioned PayPal. And they had the account but then it got frozen, now they’re requesting the ITIN.

So, that’s from my knowledge probably what went down. So, getting the ITIN is going to be very, very essential for you to be able to keep that account open and comply with Stripe’s reporting requirements.

So, that was one part that I kind of wanted to address that I have been seen a lot lately with this.

Get your ITIN for Stripe here: https://einexpress.com/itin

 

What Do I Need to Open Stripe?

The second thing is people keep asking me, “Sina, what do I need exactly to open the account with Stripe?”

I’m not Stripe.

And I don’t work in their customer service, but what I can tell you is to cover your bases if you are a foreign entrepreneur or non-foreign entrepreneur. But if you are a foreign entrepreneur, make sure you have your business documentation for your LLC, your corporation or any other type of business entity that you have registered. Make sure you have all your business documentation in check. Make sure you have your proper tax IDs.

And I would include the ITIN in this 100%. Make sure you have your EIN, ITIN.

In addition to those, Stripe also requests other documentation and pieces of information.

I would strongly recommend contacting Stripe’s customer service. They have a great customer service department. Contact them and basically, ask them, “What specific requirements in addition to the business documentation, EIN and ITIN do I need? Or what additional information do I need to open this account?” And they’ll honestly help you out a lot and walk you through it.

 

How to Use Your ITIN for Stripe

One thing I also have to point out, I get people messaging me and calling me and saying, “Stripe doesn’t accept the ITIN.”

I come to find that when they’re trying to open the account on their own and they’re going through their platform because they asked for the SSN.

Now, I don’t know if they recently changed it, but before it was just said as an SSN, I didn’t say ITIN. So, people were saying that I was inputting my ITIN, it wasn’t being accepted.

To fix that problem, contact customer service, they’ll show you the steps on how to use your ITIN in place of the SSN.

They do accept it. That I know for sure. There was some speculation from people that they didn’t, that’s not true. They do.

Just contact customer service and they’ll give you a good step by step on how to go about using the ITIN in place of the SSN requirement.

 

What To Do Next

So, I hope this video was informative.

If any of you out there are in this type of situation, you guys need your ITIN, please let us know. We’d be more than happy to help you.

This is a case that we deal with a lot, so it would be no problem for me. If you’re ready to also start your ITIN application, go ahead and click the link below.

If you have any questions or comments, also post them below as well too. I look forward to working with you soon. Take care. All the best.

Get your ITIN for Stripe here: https://einexpress.com/itin