Solution: Stripe + Transferwise
Stripe + Transferwise has been tested by myself and friends and successfully integrated. Stripe can now be applied to any website!
Here’s how to do it:
Step 1: Register for Transferwise’s Multi-currency Account (link)
–Register a Personal account (no need for a tax number) or a Business account (you will be required to fill out the information to show proof of business documents)
–At the “Receive and hold money” section, hit Get started
– Follow the instructions provided and add the required information. (Country, Phone number, ect.)
Step 2: Choose the currency you want (I chose GBP, recommend this, and I will further explain with this option)
–Add money and upload your passport/ID (This has to be done before having access to any bank information)
–Add at least GBP 20 to the account (they will take a small fee)
*Transferwise’s fees are very low compared to other banks; check their real-time fees here.
–Now you will be able to choose which currency you would like to use.
*Note: Not every country can open a US balance, check their list here.
Step 3: Create and verify a Stripe Account
–Follow this link: https://dashboard.stripe.com/register
–Verify your business details (I used my own address but with Transferwise’s ZIP code and country)
–Use Transferwise as your bank and enter the required information (For British accounts a tax ID will not be required)
–Go to Google and get a random UK phone number (you should update the phone after the process is complete)
–Download the Google Authenticator application on your phone in order to verify the required 2FA (2 step verification process)
Step 4: Stripe will send an email saying they can’t verify your address and personal ID
–Click “Update Information” in the email and upload a valid identity document (I chose Passport – it has my country on it but they accepted it anyway)
*After a few days (I forgot to check; it was the weekend for me!) your account should have a banner saying DONE!
Also I heard that if you are ever asked for proof of address and send a picture of your own it works!
If you need professional help connecting to your website you can contact us at firstname.lastname@example.org
Now you can get your API’s and put them on your payment gateways Setting
– TEST API cards for you to test API: https://stripe.com/docs/testing
– LIVE API: use this when you want to go live and receive money.
*FYI for the newbie –An API (Application Programming Interface) is simply some software that sends information back and forth between a website or app and a user.