The Rollercoaster Journey of Setting Up Stripe for My Dropshipping Business Starting a dropshipping business seemed like the perfect way to combine my passion for fashion and my ambition for entrepreneurship. In 2022, I decided to launch my business, selling simple yet stylish fashion items like casual wear, accessories, and everyday essentials. The idea was clear: provide trendy, affordable products that appeal to a wide audience. However, as any online seller will tell you, a robust payment gateway is the backbone of an e-commerce business. Naturally, I set my sights on Stripe, the gold standard of payment processors. It’s a trusted platform with incredible features like international payment support, fraud prevention tools, and simple API integration. But setting up a Stripe account turned out to be one of the most challenging parts of my journey. I encountered scammers at every turn, lost thousands of dollars, and nearly gave up—until I found someone who guided me through the process legally and professionally. Let me walk you through the entire saga, from my early mishaps to eventual success, so you can avoid the mistakes I made and achieve your entrepreneurial dreams with fewer bumps along the way.
Why I Chose Stripe for My Dropshipping Business Before jumping into the details of my experience, it’s important to understand why I was so determined to use Stripe. 1. Global Reach: Stripe supports payments in multiple currencies, which was crucial for my business as I planned to cater to international customers. 2. Ease of Integration: Stripe seamlessly integrates with platforms like Shopify and WooCommerce, making it ideal for dropshippers. 3. Transparent Pricing: Unlike some payment processors, Stripe offers transparent transaction fees without hidden charges. 4. Trust and Reputation: Customers trust Stripe, which increases their confidence when shopping on websites that use it. However, I soon realized that getting a verified Stripe account as a non-resident or new business owner wasn’t as straightforward as I had hoped.
The First Scam: My Rush to Buy a Verified Stripe Account In my eagerness to start processing payments quickly, I decided to skip the learning curve and buy a “ready-made” verified Stripe account. I came across a seller on an online forum who claimed to offer fully verified accounts for $250. The pitch was enticing: •
Instant setup.
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No need for verification.
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Guaranteed to work.
Without doing much research, I paid the seller. After transferring the money, I waited eagerly for my account details. Hours turned into days, and I heard nothing. The seller had disappeared, along with my $250. This was my first bitter lesson: there are no shortcuts in building a legitimate business.
Scam After Scam: A Series of Costly Mistakes Unfortunately, my desperation led me into the hands of more scammers. Let me break down some of the worst experiences:
Scam 2: The Fake Verified Account ($300) After my first loss, I found another seller who promised a “bulletproof” verified account for $300. This time, the seller delivered the account credentials, and I connected it to my store. I even processed a few test transactions successfully.
But when I requested my first payout, Stripe flagged the account as fraudulent and banned it. The seller had used fake documents to verify the account, which violated Stripe’s terms of service. I not only lost the $300 but also the revenue from my initial transactions.
Scam 3: Monthly Maintenance Trap ($200) A third seller offered a “managed account service” for $100 per month, promising to handle everything, including maintenance and compliance. I signed up for two months and processed several transactions. But in the third month, my account was banned because the seller had failed to keep it compliant. By this time, the seller had disappeared, and I lost another $200.
Scam 4: The Fake Escrow Service ($500) To avoid being scammed again, I insisted on using an escrow service for my next purchase. The seller agreed, and I deposited $500 into what I thought was a neutral escrow account. It turned out that the escrow service was fake—a scam run by the seller themselves. Once again, I lost money.
Scam 5: Cryptocurrency Payment Fraud ($300) In another attempt, I found a seller who only accepted cryptocurrency as payment. They convinced me that crypto was safer and faster. I transferred $300 worth of Bitcoin, only to be ghosted.
Scam 6: Lifetime Guarantee Hoax ($400) A seller promised a “lifetime guaranteed Stripe account” for $400. They delivered the account, but it was banned within three weeks due to mismatched details. The seller, predictably, stopped responding to my messages.
Scam 7 & 8: False Promises and Fake Accounts (Losses Totaling $600) My final two scams involved sellers who claimed to be Stripe partners. They charged hefty fees ($300 each) but provided accounts that were either fake or immediately flagged by Stripe. These experiences left me demoralized and nearly broke. In total, I lost over $3,000 and countless hours trying to find a reliable solution.
Finding a Reliable Solution: Enter Moutez from Diviashop Just when I was ready to give up, I stumbled upon Diviashop, run by Moutez. His approach was entirely different from the scammers I had dealt with before. Instead of offering quick fixes, he provided a step-by-step process to set up a legitimate Stripe account. Here’s how he transformed my business:
Step 1: Professional Website Setup Moutez started by creating a professional, fully compliant website for my business. This was critical because Stripe requires a valid, functional website to approve an account. •
Custom Design: He built a sleek, user-friendly site that aligned with my brand.
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Clear Policies: He added essential pages like Privacy Policy, Refund Policy, and Terms of Service to meet Stripe’s requirements.
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Product Listings: He ensured my products were presented in a way that appealed to customers and satisfied Stripe’s compliance standards.
Step 2: Company Formation Next, Moutez helped me legally register a company.
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Choosing the Right Structure: He guided me in selecting the best business entity for my needs.
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Paperwork: He handled all the necessary documentation, ensuring everything was done correctly.
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Benefits: Having a registered company not only helped with Stripe but also improved my credibility with suppliers and customers.
Step 3: Business Bank Account Setup Under the same company name, he opened a business bank account for me. This was another requirement for Stripe verification. •
Professional Management: He ensured the account met all compliance standards.
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Easy Transactions: Having a dedicated account made it easier to manage my finances and track my business revenue.
Step 4: Stripe Account Creation and Verification With everything in place, Moutez created and verified a Stripe account on my behalf. He made sure all the details were accurate and matched my business information to avoid any red flags. Bellow are complete strep how to create your own stripe account.
How to Create and Verify a Stripe Account: A Step-by-Step Guide
Setting up and verifying a Stripe account is crucial for any business that wants to process online payments seamlessly. Below is a detailed guide to help you create and verify a legitimate Stripe account from scratch, ensuring compliance and avoiding any potential account bans.
Step 1: Visit the Stripe Website and Sign Up 1. Go to Stripe's Official Website: Navigate to stripe official website. Click the "Sign Up" button on the top-right corner. 2. Enter Your Email and Set a Password: Use a valid email address that is accessible. Create a strong password for your account security. 3. Verify Your Email Address: Stripe will send a confirmation email to the provided address. Open the email and click the verification link to activate your account.
Step 2: Provide Business Information 1. Business Name and Type: o
Choose your business type: Sole Proprietorship, LLC, or Corporation.
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Enter your registered business name. Ensure it matches official records.
2. Business Address: o
Input your legal business address.
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If you’re operating remotely, use the registered address of your company or service provider.
3. Business Website: o
Provide your website URL.
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Ensure your website is fully functional, includes product or service listings, and has clear policies (Privacy Policy, Refund Policy, and Terms & Conditions).
4. Business Phone Number: Add a valid phone number to further authenticate your business.
Step 3: Provide Personal Information
1. Your Legal Name: Use the name that appears on your official documents (passport, ID card, or driver’s license). 2. Date of Birth: Enter your date of birth as it appears on your legal identification. 3. Home Address: Add your personal address, especially if you’re the sole proprietor. 4. Email and Phone Number: Ensure you provide accurate and up-to-date contact details.
Step 4: Link a Bank Account 1. Bank Account Details: o
Provide the account number and routing number (for U.S. accounts) or equivalent details for your region.
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Ensure the bank account name matches your registered business name.
2. Verification Deposits: Stripe will send two small deposits to your bank account. Check your bank statement for the exact amounts and input them into the Stripe dashboard for verification.
Step 5: Set Up Tax and Identification Details Stripe requires tax information depending on your country. 1. Tax ID/EIN: For businesses, provide your Employer Identification Number (EIN) or Tax ID. 2. SSN or ITIN (for U.S.): If you're a sole proprietor, Stripe may ask for the last four digits of your Social Security Number (SSN). 3. VAT/GST Number (if applicable): For businesses in regions with Value-Added Tax (VAT) or Goods and Services Tax (GST), provide the appropriate identification number.
Step 6: Verify Your Identity
Stripe will ask for personal identification to verify the account. 1. Upload Identity Documents: o
For individuals: Upload a clear image of your passport, driver’s license, or national ID card.
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For businesses: Upload the Articles of Incorporation, company registration certificate, or equivalent documents.
2. Selfie Verification (if prompted): Stripe may require you to upload a selfie holding the provided ID to confirm your identity.
Step 7: Add Products or Services 1. Product Description: Write a clear and concise description of your products or services. 2. Set Pricing: Ensure all products or services listed on your website match the prices you’re advertising.
Step 8: Submit for Review 1. Final Check: Review all the information entered to ensure it is accurate and matches your official documents. 2. Submit Application: Click “Submit” for Stripe to review your account. The review process may take anywhere from a few hours to a couple of business days.
Step 9: Integrate Stripe with Your Website 1. API Integration: o
Use Stripe's dashboard to get your API keys.
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Integrate these keys into your e-commerce platform (Shopify, WooCommerce, etc.).
2. Test Transactions: Run a few test transactions to ensure the payment gateway is working correctly.
Step 10: Maintain Compliance 1. Avoid Fraudulent Activity: Use accurate business details and do not engage in high-risk transactions without notifying Stripe. 2. Update Your Information: Keep your account updated with any changes to your business or personal information.
Additional Tips for a Smooth Verification Process •
Use Accurate Details: Ensure all information provided matches your legal documents.
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Have a Well-Designed Website: A professional-looking website with transparent policies increases your chances of approval.
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Avoid Suspicious Transactions: Stripe monitors accounts for suspicious activity. Keep your transactions within normal business operations.
By following these steps, you can create and verify a legitimate Stripe account without falling into the trap of scammers or violating Stripe’s terms.
Step 5: Custom Optimizations and Integration Once the account was approved, Moutez made custom optimizations to enhance its performance. •
Fraud Prevention: He added tools to minimize the risk of fraudulent transactions.
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Integration: He seamlessly integrated the Stripe account with my website, ensuring smooth payment processing.
A Reliable Solution: Success Since 2022 Since partnering with Moutez, my Stripe account has been running smoothly. I’ve processed thousands of transactions without any issues, and my business has grown steadily. The professionalism and expertise he brought to the table were a game-changer.
Why I Recommend Moutez and Diviashop If you’re struggling with Stripe or have been scammed like I was, I can’t recommend Moutez enough. His services are worth every penny. He not only provides a legitimate solution but also educates you on how to maintain your account. To learn more about his services, visit his website and see for yourself why so many entrepreneurs trust him.
Final Thoughts: Lessons Learned 1. Avoid Shortcuts: Scammers prey on desperation. If something seems too good to be true, it probably is. 2. Invest in Professional Help: Working with a legitimate professional like Moutez saves time, money, and frustration. 3. Build a Solid Foundation: Focus on creating a legitimate, compliant business to ensure long-term success. I hope my story helps other entrepreneurs avoid the pitfalls I encountered and achieve their goals with confidence.
If you are facing issues with payment gateways, payment processors, or integration services, or if Stripe has banned your account before your first payout, don't worry—there's a simple and trusted solution. Instead of purchasing verified Stripe accounts from sellers of ready-made accounts, which can lead to further problems, consider reaching out to the Diviashop Support Team. They specialize in setting up professional and legal business structures, including business bank accounts and Stripe accounts. By working with Diviashop, you can ensure your Stripe account is set up legally and compliantly, saving you time, money, and frustration while building a sustainable business. This approach is the safest, most reliable way to get your payment processing back on track. #buyverifiedstripeaccounts, #buystripeaccounts, #verifiedstripeaccounts, #setuppaymentgateway, #businessformation, #ownstripeaccounts, #stripebanned, #paymentprocessor, #oldstripeaccounts, #agedstripeaccounts, #verifiedstripeaccounts
