So I'm currently residing in East Asia where Stripe service is not supported. I've joined Stripe using my Payoneer account (Australian) as a PG for my online-course website.
Signing up for Stripe was pretty straightforward: My brother lives in Australia so I used his home address and for the bank account I've used my Payoneer Australian account. All went well, no problem signing up and I've made a few test purchases (approx $20 USD) using my and my friend's credit cards. Stripe transferred the funds to my account after about a week and I must say everything was pretty smooth.
Now yesterday, all of a sudden I received a call (not an email but a phone call) from the local Payoneer office. In the call, they mentioned that they received a message (not sure if this was an email or an actual call) from Stripe saying that they needed verification(?) on me. I did truthfully tell Payoneer that I run an online course website and I've used your (Payoneer's) bank account. I wasn't really sure about what was the purpose of their call. They just said, "you might want to go with Stripe Atlas since Stripe is not supported here." The call wasn't long. They just confirmed that I was a live human being and didn't say much (since I'm their customer first and foremost). But at the end of the call, they made some daunting comment that I didn't want to hear saying that "Since the amount of transaction is fairly low at this point, we think you are okay but when your transaction amount grows there's a good chance Stripe may reach us(Payoneer) again."
My website is totally risk-free, it's consisted of academic courses so I don't see any risk-involved shutdown issues in the future. However, I do not want to see Stripe interfering with the website when my website grows bigger.
After all, I want the safest (and legal) way possible. I've read a few posts about setting up a UK LTD to use for Stripe UK but found that the director of the LTD established must reside in the area of the office. I do have a partner who built this website together who currently resides in London (and has British citizenship), maybe I should ask him? I'm a bit hesitant since that may require his bank account + tax burden.
Thanks for reading and any thoughts & suggestions would be highly appreciated.
Last edited: Jul 29, 2022
Signing up for Stripe was pretty straightforward: My brother lives in Australia so I used his home address and for the bank account I've used my Payoneer Australian account. All went well, no problem signing up and I've made a few test purchases (approx $20 USD) using my and my friend's credit cards. Stripe transferred the funds to my account after about a week and I must say everything was pretty smooth.
Now yesterday, all of a sudden I received a call (not an email but a phone call) from the local Payoneer office. In the call, they mentioned that they received a message (not sure if this was an email or an actual call) from Stripe saying that they needed verification(?) on me. I did truthfully tell Payoneer that I run an online course website and I've used your (Payoneer's) bank account. I wasn't really sure about what was the purpose of their call. They just said, "you might want to go with Stripe Atlas since Stripe is not supported here." The call wasn't long. They just confirmed that I was a live human being and didn't say much (since I'm their customer first and foremost). But at the end of the call, they made some daunting comment that I didn't want to hear saying that "Since the amount of transaction is fairly low at this point, we think you are okay but when your transaction amount grows there's a good chance Stripe may reach us(Payoneer) again."
My website is totally risk-free, it's consisted of academic courses so I don't see any risk-involved shutdown issues in the future. However, I do not want to see Stripe interfering with the website when my website grows bigger.
After all, I want the safest (and legal) way possible. I've read a few posts about setting up a UK LTD to use for Stripe UK but found that the director of the LTD established must reside in the area of the office. I do have a partner who built this website together who currently resides in London (and has British citizenship), maybe I should ask him? I'm a bit hesitant since that may require his bank account + tax burden.
Thanks for reading and any thoughts & suggestions would be highly appreciated.
Last edited: Jul 29, 2022
