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*Background Story…. 9 Years ago, I started my first com store and started selling physical products with Facebook ads. Now days Im chilling in Thailand, living my dream of a freedom lifestyle. This Channel is a easy way for me to show people what I’m doing and how they can do similar . I have no intention of coaching, so don’t ask. This is a passion project, that I’m just doing for fun. Also I have a free shopify fulfillment app, and would love if you installed it. Hope you enjoy. 😃
Shopify, drop shipping, aliexpress, amazon fba, amazon merch, dropship, dropshipping, oberlo, print on demand, POD, shopify apps, make money online, online business, Facebook ads, FB ads
Guys, Is this workaround still working? Can you use Stripe on your Shopify? I read some people having hard time setting up Stripe and not able to use it. Can you still use Payoneer to connect on Stripe? Thanks in advance.
Hey, Nate Great content, I have a biz inquiry to you and I have been trying to reach. I sent msg on FB and emailed still did not get any answers.
We open bank accounts in the US for non-residents. Contrary to Buffalo company you mentioned on your video we actually open it for ppl and we would love to work with you if you consider being our affiliate.
Please check for a second: myusabankaccount.com
I already have a stripe account which currency is set to Euro.. My question is, Am i able to target USA(dollar) or acceptt USD payment from customers eventhough my stripe is set to Euro currency?
Is there gonna be any problem with that or the exchange rate i guess? Sorry i'm just starting e-commerce i guess i asked stupid questions. lol .. I'm still looking forward for an answer though. I'll be glad if these questions get answered. :)
It's a very simple solution for Shopify Payments. Simply open a company in the UK (you get a free bank account as well). Shopify payments is supported for UK residents/companies. There are tons of third party companies that do this in the UK for you and you never have to visit. It's much cheaper that forming a USA LLC. And still you do not get a bank account unless you visit or have a contact in the US who can do it on your behalf.
My issue is not that i can't use stripe, but even if I register with an alternative (say 2checkout), in my country it's a law that I can't spend more than $1000/yr on the internet via the account credit card. And the ad spend + paying for the merch when it's ordered is gonna max it out immediately if things do work out for me.
I think my only option is to open an llc in wyoming and get a us bank account, but I'm not sure if any country can do that?
I saw a Shopify store, that use only Paypal for payment option and it is on the top of most profitable shopify accounts, so I don't think it is such an issue to use only Paypal.. In future, if all going well, I will open UK LLC, very simple.
Quick question. How long one should wait to open LLC?
In case of Stripe Atlas just want to know, as a non citizen of US isn't it going against the KYC rules and guidelines of opening a bank account in the US without being physically present in US, I can see that with Stripe this is possible but still have this doubt. What are the chances of being sued from some random audit from international laws or government agencies of some sort?
I filled the application for LLC on stripe atlas but they sent me email that still LLC beta not supported for founders in TURKEY but they're working on LLCs in more location I actually don't know the difference but they will tell us if they support our business in couple of weeks, however they told me if I'm interested in C corporation instead of LLC. Please if anyone has any experience tell us!!
Merhaba stripe atlas genelde cooparation aciyor llclerde de dropshippingcilere acmiyor stripe atlas yerine adamin videoda dedigi ikinci servis gibi bir sey yapmayi neden dusunmuyorsun? Ikinci servisin aynisini ben yapiyorum zamanin olursa websitemi kesinlikle incelemelisin myusabankaccount.com, onun harici bir sey olursa [email protected] a yazarak iletisimde kalabiliriz.
Well, I created a corporation and I still can't use Shopify Payments AND I can't use Stripe!!! All because I don't have a Social Security Number (only issued to US citizens)...... I AM FREAKING OUT right now... Did I spend all the time and money for nothing??? Please, share any knowledge on this matter, all help is greatly appreciated.
Same happened to me. I followed step the steps in the option 3 of Nate's video, with the video of Adil Maf, and the routing number provided by Payoneer didn't work for Shopify payments. (Shopify only supports Shopify Payments in the US now). The rest of the payment gateways / merchant accounts did not support the business if I dont have a SSN. Be careful guys!
stripe&shopify payments solution for non US residents ( https://youtu.be/2GY4jdfjaE8 ) what ( Nate andress ) is saying in the video is true , but i have found a easy way to get all these that he is saying in the video for free in the link above , just trying to help all of us that want to use ( stripe & shopify as a none US resident , thats my main reason that i comment on this video
I registered my company in Wyoming with that same website but how did you get them to open a bank account for you? On their website it says that you have to be there to open a bank account in the US. Any tips ? Thank you very much!
Bank accounts can only be opened in person. You do not have to be present, but someone must be.
If you wish to designate someone other than yourself to open business accounts for you, you will need to authorize that person to do so in your Operating Agreement. Then, when the bank reviews your documents, they will see that the person present at the bank does indeed have the authority to open accounts for your corporation. that means a family member in the US can open an account for you just need to authorize them .
Hi Nate, I called that Buffalo company and they told me they cannot open a US bank account for me after having my LLC up, I see you're sure they do that but they can't offer that directly for Legal issues. So would you please inform me what should i tell them in order to make them open a Bank Acc for me? Thank you Nate
I just love your content. It's indeed one of those rare channels that really help. Just to elaborate, I contacted Baffalo agents in Jan and at the time it did not seem like they could help with the bank account. I will check again. Anyway this is the first reply I got from their side:
"Thank you for your inquiry!
Just sign up for our $149 Business Formation Package, and we'll do the rest. For an LLC, we file Articles of Organization with the Wyoming Secretary of State, provide you Initial Resolutions, Operating Agreement, LLC Membership Certificate(s) and one year of Registered Agent Service. Similarly, for a Corporation, we file Articles of Incorporation with the Wyoming Secretary of State, provide you Initial Resolutions, Corporate Bylaws, Stock Certificate(s) and one year of Registered Agent Service.
We also offer a EIN service and the fee is $150. Under "Optional Items" check the box next to "Tax ID", then select "Responsible Party DOES NOT have SSN".
Unfortunately, we currently do not have a bank account service available. Some of our clients have reported initiating an online account with one of the large banks that have US and foreign locations, such as HSBC, Citi Bank, or Wells Fargo, then visiting a nearby foreign branch to make the initial deposit and complete the paperwork.
Please don't hesitate to let us know if you have other questions or concerns."
Adil is pro, but it may have future risks if you consider the second option you can check myusabankaccount.com. We have the same service ask me anything I'd love to answer detailed.Bank account and llc is guaranteed with us unless your country is not on our forbidden list. You can check the forbidden list from the website.
Nate great content as always - this is all fine, but all comes down to one bottleneck "you need to go in US personally to open bank account" and they don't allow Payoneer bank accounts, so even if you somehow manage to create account in few months they will figure it out, flag you for review and ban you - it's simply not permanent solution. In order this to work you need a way legaly to open a real bank account in US, and now there is no way to do this.
Nate Andres I guess what he means is even if you change the routing number they will still figure it out. This is also where my research ended up. They also require a social security number for US stripe accounts which we don't have. Any thoughts?
Nate Andres I did inquire and they said no! I sent a detailed comment with their reply. They aslo recommended checking SBB but I checked their site and they require a US ID to open an account online. So you can't just submit your EIN and company documents to open the account online. Are you sure this works for non US clients?
Nate, pls check their website! Here is what i found: No, simply being your incorporator does not allow us to open a business bank account on your behalf. However, with our LLC service, you will obtain all documents required by banks to open a business bank account.
Hey Ivy, Absolutely, basically Stripe Atlas and the second option looks like they are doing the same thing, but Stripe atlas does not open to every applicant because of their own reasons, and they do not open llc, Like the second option, we do the same thing check myusabankaccount.com . 600$ may not be for the non US people. Whatever questions you' I"d love to help
Ivy Zhu Then it's not just me I filled the application for LLC on stripe atlas but they sent me email that still LLC beta not supported for founders in TURKEY but they're working on LLCs in more location I actually don't know the difference but they will tell us if they support our business in couple of weeks, however they told me if I'm interested in C corporation instead of LLC. Please if anyone has any experience tell us!!
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The World Has Changed.
Five years ago, when bitcoin was unknown to most people, this might have been a fatal move. Today is a different story. I recently traveled to a remote mountain town in the interior of Mexico. Everyone I met had heard about Bitcoin and eyes lit up with excitement when I ask if I could pay for lunch with bitcoin.
Today are dozens of websites dedicated to cryptocurrencies, either holding them, exchanging them or just writing about them. Probably the most effective advertising remains on Google, it is called Google Search and it is free.
If someone wants to learn about owning bitcoin or any other currency, there is a ton of educational information.
The Flipside Is Being Ignored.
Not All Regulation Is Inherently Bad.
If we examine the full spectrum of regulation to this point on a global scale there is one common target most everywhere. That is the practice of exchanges. So far there has been little or not regulation, threatened or enacted, to protect investors from loss of funds due to security breaches.
Capitulation Is A Good Sign.