Payment gateways for non-US citizen LLC (Not Stripe/Shopify)?

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franco32

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Feb 28, 2023
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Good afternoon.

I am Spanish and I do dropshipping with Shopify in Europe and Latin‌ America.
But I have a problem, stripe is closed, shopify payments also and I need‍ to know a payment gateway that works well with a LLC.
The type of products⁠ I sell are very normal (smart watches, shoes...).
I would appreciate some recommendation.

Thanks for⁤ everything
 
Seriously you can't get Stripe or Shopify payments with a US LLC?! Damn, I thought⁠ you'd be able to. If that's the case, what's the best country to incorporate to⁤ get Stripe?
 
There are many payment gateways, but I think your industry is little high-risk especially if‌ doing shipping from China directly, lots of chargeback so it could be the reason they‍ reject you. However, you might try Checkout .com, Adyen, 2Checkout, Authorize .net, Worldpay .com, Squarepayments,⁠ Braintree.. huh thats about it what I have in mind now 🙂 You can find even⁤ more with Google

I wonder if its true that Stripe requires SSN for approval lately⁣ because this is something only US persons have, so even if you have a US⁢ LLC as non-resident owner won't be able to apply for Stripe?
 
I am facing a similar issue, with a similar setup but on Woocommerce, I︁ had Woocommerce Payments (powered by stripe) working on my UK LLC Setup, but since most︂ of my customers are from the US and I get paid in USD, I decided︃ to stop all marketing in order to reopen the account with my US LLC setup︄ (had to give some time between the last orders and closure of the account in︅ case customers requested a refund or opened a chargeback, I could respond to it.), before︆ the waiting period finished, the chargeback rate went up since the volume of new orders︇ was close to none and ended up with a suspended Woocommerce account..

I then contacted︈ Stripe to open a new account, explaining my situation before I signed up for a︉ new Stripe account with the US information. Long story short, the account got approved, and︊ a customer tried to place an order but was deemed a high fraud risk order︋ by stripe radar, their payment was blocked and shortly after, stripe decided to suspend my︌ account with the following email:
I submitted the EIN document and it was︁ rejected, I am now in the process of appealing that decision too..

As for the︂ proposed payment processors, Squareup requires an SSN to register which is not applicable for most︃ of us (non-residents), as for the rest, they're either a big hassle to setup, their︄ user interface is not very friendly, or they just bluntly don't accept this kind of︅ setup.

As for my business, It is a simple dropshipping business, except I source my︆ products from the US to prevent shipment delays, which is relatively less risky compared to︇ China-US drop shippers.
 
The appeal form said to‌ submit ANY document of the below, they included EIN Verification Letter, Photographs of inventory, Purchase‍ orders/tracking number from supplier, VAT Certificate, Doing Business As document, previous payment processing log or⁠ something similar.. At the time I only had the EIN letter ready so I thought⁤ I would just submit it, if it works, it works, if it's not enough, they'll⁣ probably ask for more documents.



Spoiler: Spoiler Alert



They didn't



Stripe being stripe, will not⁢ just say why it was rejected, they'll just keep it vague, anyway, I am still︀ waiting for a response for the second appeal.
 
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