25 February 2018
visit www.nextgenbanking.co.uk/

Stripe cuts red tape for startups entering the US

24 February 2016  |  6225 views  |  0 One way

Payments processor Stripe has launched a service which lets entrepreneurs incorporate a US company, open a bank account and start accepting payments within days, sidestepping the bureaucratic red tape that small companies must navigate when expanding into new markets.

Starting out with an invite-only private beta, Stripe is working with more than sixty accelerators, investors, and partners from around the world to get 'Atlas' in the hands of promising startups.

For a $500 fee, Atlas promises to cut the time taken to incorporate a company in Delaware, open a business account at Silicon Valley Bank and register the business with the IRS. The entire process generally takes between a few days and a week after the documents are signed.

With a US Stripe account, Atlas users can accept payments from credit or debit cards issued by Visa, MasterCard, American Express, JCB, Discover, and Diners Club, and can also accept payments using ACH, Apple Pay, Android Pay, Alipay, and Bitcoin. Earnings from Stripe payments can be deposited at Silicon Valley Bank and transferred to any other US or international bank account.

Initially available only to companies incorporating in the US, Stripe says it intends to set up equivalent services in other markets worldwide.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Invoice2go raises $15 million, strikes payments deal with Stripe

Invoice2go raises $15 million, strikes payments deal with Stripe

04 November 2015  |  4875 views  |  0 comments | 8 tweets | 1 linkedin
Stripe lands new funding; signs deal with Visa

Stripe lands new funding; signs deal with Visa

28 July 2015  |  9717 views  |  0 comments | 16 tweets | 18 linkedin
Pinterest enlists Stripe for buy button

Pinterest enlists Stripe for buy button

03 June 2015  |  5117 views  |  0 comments | 14 tweets | 5 linkedin
Stripe offers bitcoin payments through a single line of code

Stripe offers bitcoin payments through a single line of code

20 February 2015  |  9634 views  |  0 comments | 10 tweets | 6 linkedin
Kickstarter leaves Amazon Payments for Stripe

Kickstarter leaves Amazon Payments for Stripe

06 January 2015  |  6497 views  |  2 comments | 9 tweets | 5 linkedin
Stripe raises $70m at $3.5bn valuation

Stripe raises $70m at $3.5bn valuation

02 December 2014  |  7087 views  |  0 comments | 15 tweets | 16 linkedin
$10 million startup fund aims at Stripe ecosystem

$10 million startup fund aims at Stripe ecosystem

30 September 2014  |  5658 views  |  0 comments | 4 tweets | 4 linkedin
Facebook enlists Stripe for 'buy' button

Facebook enlists Stripe for 'buy' button

26 September 2014  |  11460 views  |  0 comments | 11 tweets | 9 linkedin
Stripe raises $80m at $1.75bn valuation

Stripe raises $80m at $1.75bn valuation

23 January 2014  |  5707 views  |  0 comments | 12 tweets | 13 linkedin
Twitter said to near Stripe deal for e-commerce push

Twitter said to near Stripe deal for e-commerce push

17 January 2014  |  5573 views  |  0 comments | 18 tweets | 7 linkedin
Stripe launches in the UK

Stripe launches in the UK

15 August 2013  |  8890 views  |  1 comments | 10 tweets | 2 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.vasco.comVisit https://www.capgemini.comvisit www.nextgenbanking.co.uk

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
12653 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10824 views 4 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
9317 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8678 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
8615 views comments | 11 tweets | 14 linkedin