27/02/2024, 23:14 How can I open a Stripe account in India?

: Stripe: Help & Support

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How can I open a Stripe account in

India?
Account

To open a Stripe account in India, you will need to provide information

based on your business structure, such as identification numbers, a
website or app store link, a description of your business, and bank
details. Additionally, you may need to provide an IEC code from DGFT
and an RBI Transaction Purpose Code if you are accepting
international transactions. Two-step authentication is recommended
for enhanced account security.

Based on your current business structure, Stripe will need the following details from
you to create a Stripe account in India. Scanned or physical copies of documents
may be required in the future, based on your usage.
Individual / Sole Proprietorship

Information Sole Proprietorship Individual

needed

Accepting 1) IEC code from DGFT. Accepting international

International transactions is not available as
Transactions 2) An RBI Transaction Purpose an option
Code that in your best
judgment matches most
closely with the service that
you are selling. This is for
regulatory reporting.
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We support businesses that

export goods & services. Learn
more on how to accept
international transactions.

Identification Your personal PAN Your personal PAN

numbers

Website No website yet? You can use No website yet? You can use
your app store link or social your app store link or social
media profile media profile

Description Select your industry and Select your industry and

provide a description to the provide a description to the
best of your ability. This is only best of your ability. This is only
for Stripe internal purposes and for Stripe internal purposes
is not being sent to any and is not being sent to any
external regulatory or tax external regulatory or tax
authority authority

Type of business Based on how you chose to Based on how you chose to
incorporate, please select an incorporate, please select an
option among Company, LLP, option among Company, LLP,
Sole Proprietorship or Sole Proprietorship or
Individual. We currently don’t Individual. We currently don’t
support Simple Partnerships. support Simple Partnerships.

Legal name This should exactly match the This should exactly match the
name in your tax ID name in your tax ID

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Tax numbers 1) Goods and Services tax 1) Goods and Services tax
(Optional) (GST) identification number (GST) identification number
2) Income tax deduction 2) Income tax deduction
account number (TAN) account number (TAN)

Business The full postal address of your The full postal address of your
address place of business place of business

Your details Details of the primary customer Details of the primary

of Stripe in your company who customer of Stripe in your
owns more than 25% of the company who owns more than
company, or is in a position to 25% of the company, or is in a
exercise significant control of position to exercise significant
the company’s finances and control of the company’s
operations e.g. CFO, CEO, finances and operations e.g.
Director. Details include CFO, CEO, Director. Details
percent ownership, legal name, include percent ownership,
PAN number, date of birth and legal name, PAN number, date
home (mailing) address. of birth and home (mailing)
Depending on your company address. Depending on your
type, this may be a repeat of company type, this may be a
the company information. Also, repeat of the company
whether there are other information. Also, whether
owners. there are other owners.

Ownership Not applicable Not applicable

details

Statement This information may appear on This information may appear

descriptor your customers’ credit card on your customers’ credit card
statement. You can change it at statement. You can change it
any time. at any time.

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Support phone Your main support phone Your main support phone
number number number

Bank details Details of your INR current or Details of your INR current or
savings account where funds savings account where funds
will settle. This includes the will settle. This includes the
name of the account owner name of the account owner
(business or person name), (business or person name),
branch IFSC code and bank branch IFSC code and bank
account number account number

Two-step Strengthen your account's Strengthen your account's

authentication security by protecting it with security by protecting it with
(Recommended) your phone in addition to your your phone in addition to your
password. Require a text- password. Require a text-
message or Google message or Google
Authenticator one-time Authenticator one-time
password at each sign-in. password at each sign-in.

Company / LLP

Information Company LLP

needed

Accepting 1) IEC code from DGFT 1) IEC code from DGFT

International
Transactions 2) An RBI Transaction Purpose 2) An RBI Transaction Purpose
Code that in your best Code that in your best
judgment matches most judgment matches most
closely with the service that closely with the service that
you are selling. This is for you are selling. This is for
regulatory reporting. regulatory reporting.
We support businesses that We support businesses that
export goods & services. Learn export goods & services. Learn
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more on how to accept more on how to accept

international transactions. international transactions.

Identification 1) MCA CIN 1) MCA LLP ID

numbers
2) Company’s PAN 2) LLP’s PAN

Website No website yet? You can use No website yet? You can use
your app store link or social your app store link or social
media profile media profile

Description Select your industry and Select your industry and

provide a description to the
best of your ability. This is only
for Stripe internal purposes
and is not being sent to any
external regulatory or tax
authority
provide a description to the
best of your ability. This is only
for Stripe internal purposes
and is not being sent to any
external regulatory or tax
authority

Type of business Based on how you chose to Based on how you chose to
incorporate, please select an incorporate, please select an
option among Company, LLP, option among Company, LLP,
Sole Proprietorship or Sole Proprietorship or
Individual. We currently don’t Individual. We currently don’t
support Simple Partnerships. support Simple Partnerships.

Legal name This should exactly match the This should exactly match the
name in your tax ID name in your tax ID

Tax numbers 1) Goods and Services tax 1) Goods and Services tax
(Optional) (GST) identification number (GST) identification number
2) Income tax deduction 2) Income tax deduction
account number (TAN) account number (TAN)
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27/02/2024, 23:14 How can I open a Stripe account in India? : Stripe: Help & Support

Business The full postal address of your The full postal address of your
address place of business place of business

Your details Details of the primary customer Details of the primary customer
of Stripe in your company who of Stripe in your company who
owns more than 25% of the owns more than 25% of the
company, or is in a position to company, or is in a position to
exercise significant control of exercise significant control of
the company’s finances and the company’s finances and
operations e.g. CFO, CEO, operations e.g. CFO, CEO,
Director. Details include Director. Details include
percent ownership, legal name, percent ownership, legal name,
PAN number, date of birth and PAN number, date of birth and
home (mailing) address. home (mailing) address.
Depending on your company Depending on your company
type, this may be a repeat of type, this may be a repeat of
the company information. Also, the company information. Also,
whether there are other whether there are other
owners. owners.

Ownership Percent ownership, name, PAN, Percent ownership, name, PAN,

details date of birth and address of all date of birth and address of all
other individuals who own other individuals who own
more than 15% of the LLP / more than 15% of the LLP /
25% of the company, or who 25% of the company, or who
are in a position to exercise are in a position to exercise
significant control of the significant control of the
company’s finances and company’s finances and
operations e.g. Director, CFO, operations e.g. Director, CFO,
CEO, other financial officers. CEO, other financial officers.

Statement This information may appear This information may appear

descriptor on your customers’ credit card on your customers’ credit card
statement. You can change it statement. You can change it
at any time. at any time.

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27/02/2024, 23:14 How can I open a Stripe account in India? : Stripe: Help & Support

Support phone Your main support phone Your main support phone
number number number

Bank details Details of your INR current or Details of your INR current or
savings account where funds savings account where funds
will settle. This includes the will settle. This includes the
name of the account owner name of the account owner
(business or person name), (business or person name),
branch IFSC code and bank branch IFSC code and bank
account number account number

Two-step Strengthen your account's Strengthen your account's

authentication security by protecting it with security by protecting it with
(Recommended) your phone in addition to your your phone in addition to your
password. Require a text- password. Require a text-
message or Google message or Google
Authenticator one-time Authenticator one-time
password at each sign-in. password at each sign-in.

Notes:
* For export of goods, merchant warehouse need to be in India. We do not support
exporters that ship from warehouses outside of India.
* Once an account has been created, its country cannot be updated to or from India.
You will need to create a new account [https://dashboard.stripe.com/register] and
select the revised country upon account creation.
Did this answer your question? Yes No

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