Loading...
Answers
MenuHow can I open a US Dollar account for my UK-registered company and use it to receive USD from Stripe and/or PayPal?
Answers
Happy New Year (2020) !
As far as I am aware : (Both) PayPal and Stripe still have Multiple Currency Options ; most especially for Verified Business Accounts.
If you are experiencing problems , in this regard , then kindly contact the Customer Support Units of the Aforementioned Corporations.
Sincerely ,
Professor Obi
Mercury.co is another good alternative - a similar platform to Transferwise. It sounds like with your scale you will eventually need to open a USD account with a larger commercial bank in the U.S. (Wells Fargo, Citibank, Chase, etc). You can open a U.S. bank account for a U.K. company, even if the responsible party or shareholders don't have social security numbers (SSN) or Individual Taxpayer Identification Number (ITIN).
Unfortunately, it requires you to physically visit the U.S. and go into a branch office to open the account. I always recommend calling in advance to several branches and set up an appointment. Explain that you're a nonresident looking to open a U.S. bank account for a foreign corporation.
In cases where banks won't open accounts for foreign corporations, you can open a U.S. LLC (Wyoming or Delaware) that's 100% owned by your UK corporation. The US LLC can open the US bank account, and your sales deposits can funnel through those accounts.
Related Questions
-
What is a good bank for an high tech start-up?
Silicon Valley Bank. Tell them I sent you and they'll take care of you ;-)Peter PhamPP
-
How can I open a US bank account for an LLC without traveling to the USA?
I am based in Canada and ended up opening a US bank account with Harris Bank in Chicago without physically visiting their office. This was about 4 years ago. So maybe contact them and see if they could help you.Arfan ChaudhryAC
-
What type of regulation do apps like Cash App and Venmo have abide by?
They have to be PCI Compliant. https://www.investopedia.com/terms/p/pci-compliance.aspMatthew GrigajtisMG
-
What could be a good credibility building strategy for a new bank trying to attracts deposits?
You have asked the golden question. As a business banker, we all struggle with getting deposits. Going after key industries (escrow companies, property management, HOA's, etc) will help in this. However, there are many options to help get deposits. I'd be happy to hop on a call and talk about this. I just signed up with Clarity yesterday. So I'm still learning the platform.Jeremy KahnJK
-
How do I setup my tour agency's bank accounts in multiple countries?
Hello, I believe that you may be over-complicating this a little. Typically, you need to have either citizenship or some other legal presence within a country to open a checking account within it. I would recommend establishing accounts in your own country first and then using ATMs in other countries to withdraw money, as "wiring" money internationally can be expensive. If you just need to pay for expenses while abroad, look instead into using credit cards that have no foreign transactions fees such as the Capital One Venture Card. If you really need accounts in multiple countries, you will likely need to incorporate within them. As for accepting payments in different currencies. Your best bet will probably be 2Checkout or Stripe Atlas to start. Stripe Atlas will probably have lower fees but will take more technical expertise to get up and running. Best of luck to you!Phillip ParkerPP
the startups.com platform
Copyright © 2025 Startups.com. All rights reserved.
