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First of all I use Stripe in Nigeria. I created my Stripe account in 2020 when I signed up to write for Medium. There was need to have a Stripe account because that is the only means Medium can pay writers. So, I created my first and only Stripe account and it has been working ever since. On this post, I am going to walk you through on How to Successfully Create/ Open Stripe Account in Nigeria this 2023. Read also:Nigerian Cross-dressers Before and after Transformation Surgery photos
What is Stripe?
Stripe is an online payment processing platform that enables businesses to accept payments securely over the internet. Stripe was founded in 2010 and has since grown to become one of the most popular payment processors in the world. Stripe provides businesses with a variety of tools and features to help them manage their payment processes effectively.
This includes the ability to accept various types of payments, including credit and debit cards, mobile payments, and bank transfers. Stripe also provides businesses with tools to manage recurring payments, refunds, chargebacks, and fraud prevention. Stripe charges fees for each transaction processed through its platform, and pricing may vary based on the location and type of business. Stripe is available in many countries, including Nigeria, and has gained a reputation for providing a secure and reliable payment processing service for businesses of all sizes.
However, Stripe has since expanded its global reach and as of my current date of April 2023, Stripe is now available in Nigeria. This means that individuals and businesses in Nigeria can now use Stripe to accept online payments for their products and services.
To set up a Stripe account in Nigeria, you can visit the Stripe website and follow the instructions provided. You will need to provide some personal and business information, including your bank account details, in order to link your Stripe account to your Nigerian bank account.
With Stripe in Nigeria, you can accept various types of payments, including credit and debit cards, as well as alternative payment methods like mobile money and bank transfers.
Stripe charges a transaction fee for each payment received, which varies depending on the payment method used and the country where the payment was made. You can check Stripe’s website for the most up-to-date pricing information.
Stripe provides various security measures to protect your transactions, including fraud detection and prevention, secure encryption, and compliance with various global standards and regulations.
You can integrate Stripe with your website or mobile app using various plugins and APIs provided by Stripe. Stripe also offers developer documentation and support to help you integrate its payment system with your platform.
If you have any issues using Stripe in Nigeria, you can contact Stripe’s customer support team through its website or email. You can also access Stripe’s help center for answers to frequently asked questions and other resources. Read also: Anglican Bible Study Outline for 2023 – Church of Nigeria
How I Created, Opened and Use Stripe Account in Nigeria
You read that before now, Stripe is not supported in Nigeria. But you also heard that I started using it in Nigeria far back 2020. How did I achieve it? Here are the work over on how to open or create a stripe account and use it without problem in Nigeria in 2023.
First step: Create an LLC
The first step is to have an LLC. LLC means Limited Liability Company. The LLC will be created in the United States. It is easy to create an LLC. You don’t need a lawyer for this. All you need is to use an LLC formation service such as  Incfile.
2nd Step: Get an EIN
When you form your LLC, you will get an EIN which I mentioned earlier. The EIN will be part of the legal requirements by Stripe to set up your account.
3rd Step: get a US address using  Shipito
Another requirement is to have a US address. This one is not hard to get. In just 2 minutes you can get a US address using Shipito. They will give you a US house address when you signup.
4th Step: Get a US Phone Number
The fourth thing you will need is to get a US phone number. This is not also hard to get. There are many services out there that allow you to get a US phone number, one of which is Dingtone.
There are many of information on the internet showing you how to use Stripe in Nigeria but the method discussed in this post is the safest and risk-free method which is accepted to be legitimate by Stripe if you are from an unsupported country.
5th Step – Get a US Bank Account, alternatives are: Payoneer, Grey or Geepay
The last thing required in opening Stripe account is a US bank account. It is very simple to get a US bank, you can use Payoneer, Grey or Geepay. These financial institutions allow having a foreign bank account without stepping your feet into any physical bank.
To create a Payoneer, Grey or Geepay account is as easy as creating any other online account. You just need to type ‘Payoneer or Grey’ signup from your Search engine. It will give you options. Just click
You need a US bank in order to be able to withdraw from Stripe in Nigeria. When customers pay you through Stripe, you can move the money to your US bank account and from there decide whatever you want to do with it.
How to successfully open or Create a Stripe account in Nigeria in 2023
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Visit the Stripe website:
Go to stripe.com and click on the “Sign up” button at the top right-hand corner of the homepage.
   2. Fill in your personal and business information:
Stripe will ask you to provide your personal details such as your name, email address, and phone number, as well as your business information like your business name, address, and website.
    3. Verify your email address:
Stripe will send a verification link to the email address you provided during registration. Click on the link to verify your email.
    4. Add your bank account:
Once you have verified your email, you can link your Nigerian bank account to your Stripe account. Stripe will ask you to provide your bank account details, including your bank name, account number, and routing number.
     5. Verify your bank account:
To complete the process, Stripe will send two small deposits to your bank account. You will need to verify these deposits on the Stripe website to confirm that you own the account.
     6. Start accepting payments:
Once your account is set up and verified, you can start accepting payments from customers through Stripe. You can integrate Stripe with your website or mobile app using various plugins and APIs provided by Stripe.
It is important to note that Stripe may require additional documentation and information to verify your identity and business. Make sure you have all the necessary documents and information ready to avoid any delays in the process.
Also, be sure to check Stripe’s pricing and fees for Nigerian accounts, as well as any restrictions or limitations that may apply to Nigerian businesses.
How to Successfully Create/ Open Stripe Account in Nigeria
Is Stripe Available In Nigeria?
Yes, as of my current date of April 2023, Stripe is available in Nigeria. This means that individuals and businesses in Nigeria can use Stripe to accept online payments for their products and services. Stripe has expanded its global reach and has made its services available in various countries including Nigeria.
Does Stripe Payment Work In Nigeria?
Can I Accept Stripe Payment In Nigeria?
Is Stripe Supported In Nigeria?
How To Use Stripe In Nigeria
To use Stripe in Nigeria, follow these steps:
- Sign up for a Stripe account: Go to the Stripe website (stripe.com) and sign up for a new account. Provide your personal and business information, and link your Nigerian bank account to your Stripe account.
- Integrate Stripe with your website or mobile app: Use the Stripe API or a pre-built integration plugin to connect Stripe to your website or mobile app. This will enable you to accept payments securely from your customers.
- Customize your payment process: With Stripe, you can customize your payment process to suit your business needs. You can add various payment methods, set up recurring payments, and provide customers with a seamless checkout experience.
- Monitor your payments: Stripe provides various tools and features to help you manage your payment processes effectively. You can track your transactions, view payment history, and generate reports to help you make informed decisions about your business.
- Manage disputes and chargebacks: In the event of a dispute or chargeback, Stripe provides a dispute resolution process to help you resolve the issue. You can respond to disputes and chargebacks directly from your Stripe account.
- Review fees and pricing: Stripe charges fees for each transaction processed through its platform. Review Stripe’s pricing and fees for Nigerian accounts to ensure you understand the costs involved in using Stripe for your business. How to Successfully Create/ Open Stripe Account in Nigeria.
It is important to note that Stripe may require additional documentation and information to verify your identity and business, so make sure you have all the necessary documents and information ready to avoid any delays in the process.
How To Open A Stripe Account In Nigeria
- Go to the Stripe website (stripe.com) and click on the “Sign Up” button at the top right corner of the page.
- Fill in the required information on the sign-up form, including your name, email address, and password.
- Choose the type of Stripe account you want to create: Individual or Business. If you are signing up on behalf of a business, you will need to provide your business information, including your business name, address, and tax ID number.
- Verify your email address by clicking on the verification link sent to your email.
- Link your Nigerian bank account to your Stripe account by providing your bank account details. Stripe may require additional documentation to verify your identity and business, so make sure you have all the necessary documents ready.
- Once your account is verified, you can start accepting payments through Stripe. You can integrate Stripe with your website or mobile app using various plugins and APIs provided by Stripe.
It is important to note that Stripe may have specific requirements or limitations for Nigerian accounts, so it is recommended to review Stripe’s terms and conditions for Nigerian accounts to ensure you comply with the guidelines.
What are the FAQs on How To Open or Create and Use Stripe In Nigeria?
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What types of payments can I accept with Stripe in Nigeria?
Stripe allows you to accept various types of payments, including credit and debit cards, mobile payments, and bank transfers.
2. How long does it take to receive payments with Stripe in Nigeria?
The time it takes to receive payments with Stripe in Nigeria may vary depending on your business location and the payment method used. Generally, Stripe transfers funds to your linked bank account within 2-7 business days after a transaction is completed.
3. Are there any fees for using Stripe in Nigeria?
Yes, Stripe charges fees for each transaction processed through its platform. The fees may vary based on the type of payment and the location of the business. Review Stripe’s pricing and fees for Nigerian accounts to ensure you understand the costs involved.
4. Can I use Stripe to sell products and services in other countries from Nigeria?
Yes, you can use Stripe to sell products and services in other countries from Nigeria. However, you will need to comply with the specific rules and regulations of the country you are selling to.
How to Successfully Create/ Open Stripe Account in Nigeria
5. What are the security measures in place to protect my transactions on Stripe in Nigeria?
Stripe uses various security measures to protect your transactions, including encryption, two-factor authentication, and fraud prevention tools. Stripe is PCI compliant and adheres to industry-standard security practices to protect your data.
6. How do I get support if I have issues using Stripe in Nigeria?
Stripe provides customer support through various channels, including email, chat, and phone. You can also access Stripe’s knowledge base and community forums to get answers to frequently asked questions and connect with other Stripe users.
