If you’re trying to answer “does stripe accept payments from Nigeria?” you’re in the right place.
In this free guide, we’re going to share how you can use Stripe to accept payments from Nigeria.
We’ll also discuss restrictions, currency considerations, and payment processing alternatives that you may want to consider instead.
That said, if you want the short answer you should check out our free article on how to open a Delaware business bank account online.
On the other hand, if you want to uncover everything you need to know about accepting payments from Nigeria via stripe, keep reading below.
Feel free to use the table of contents to jump ahead to the sections most relevant to you.
Table of Contents
- Does Stripe Accept Payments From Nigeria?
- Stripe Payments vs Country of Incorporation
- How You Can Use Stripe From Africa
- Alternatives to Using Stripe
- Frequently Asked Questions
- Ready to Explore Your Options?
Does Stripe Accept Payments From Nigeria?
Yes, Stripe does accept payments from Nigeria. But this does not mean that Nigerian companies can open Stripe payment processing accounts. As we’ll explore below, the country where the customer is located (e.g. Nigeria) is not the same as the country where the company has been registered (e.g. the United States).
Stripe Payments vs Country of Incorporation
In this article, we will be focused on accepting payments from Nigerian customers. In other words, we are not answering “does Stipe support companies incorporated in Nigeria?”
If you are trying to find a way to set up Stripe for your Nigerian company, that is unfortunately not going to be an option. Nigeria is not one of the Stripe supported countries.
But, if you have a company and you want to accept payments from Nigeria, then you’re in luck. Stripe will allow you to accept payments from customers based in Nigeria.
That said, there are a few caveats, which we’ll discuss below.
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How You Can Use Stripe From Africa
Many African entrepreneurs are choosing to register their companies in foreign countries, like the United States. This can afford them a wide range of benefits, not the least of which is access to US banking and financial services.
Importantly, if a foreign non-resident entrepreneur (like a Nigerian entrepreneur) chooses to register a US LLC, they can open a US bank account 100% remotely and access US payment processing like Stripe.
While we do not assist with company registration, we certainly do assist our members with opening accounts for their US LLCs 100% remotely. If you would like to explore this option further, keep reading to learn more about GlobalBanks USA – our dedicated US bank account opening service.
Alternatives to Using Stripe
If instead, you decide that Stripe is not the right option for you, there are a range of other payment processing options that you can consider. Including 2Checkout, PayPal, Amplify, PayStack, and more.
However, it’s important to note that many of these payment processing options can charge very high commissions when compared to Stripe. So, it’s best to compare each of the options in terms of the fees that they charge before opening.
Additionally, some of the alternatives mentioned above support a limited number of currencies. This should not be a problem if you are only receiving payments from Nigeria. But, if you also require support for international currencies, you may want to consider alternative options.
Frequently Asked Questions
Below are three of the most common questions that we receive from people wondering if Stripe accepts payments from Nigeria. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
Can Stripe Accept Payments From Anywhere?
Yes, Stripe can accept payments from most countries. Of course, this does not include countries that are blacklisted by the international community. Examples of such countries often include North Korea and Iran, along with countries engaged in active conflict such as Myanmar and Syria.
Which Payment Gateway Is Best in Nigeria?
The payment gateway that is best for accepting payments from Nigeria depends on where the company is registered. Additionally, most payment gateways require companies to have a bank account in the same country where it is registered. With this in mind, in addition to choosing a payment gateway, you will also need to choose a bank account.
Does Stripe Operate in Africa?
Stripe does not operate directly in Africa. However, many African entrepreneurs choose to register their companies in the United States. In doing so, they are able to obtain a US bank account and US Stripe account for their companies, allowing them to receive payments directly through Stripe. If you would like more information on how to get started with this process, you can learn more about GlobalBanks USA below.
Ready to Explore Your Options?
If you would like assistance navigating your banking options in the United States, we can help.
You can access GlobalBanks USA, our dedicated US account opening service, in just a few clicks.
GlobalBanks USA involves 100% personalized account opening service that taps into our team’s expertise and provides direct banker introductions.
Of course, if you have any questions before deciding whether you would like to move forward, don’t hesitate to contact us.