Help getting accepted on Stripe Atlas

[Yomioje]

Hello everyone, does anyone know the best way of getting accepted on stripe atlas, my applications are getting denied and its always something about high risk so has anyone been accepted recently. Any form of help will be appreciated

 

[PaulKruger]

What business are you into?

 

[erni]

What business are you into?

second that question, we need to know what business you are into in order to help.

 

[sinos]

What business are you into?

True, its the business that matters. If you are into VPN, webhosting, dedicated servers and so forth you will be rejected. Stripe isn't allowing Webhosters any longer (there are exceptions to this, but this is more or less generality).

 

[erni]

No webhosting "companies" allowed any longer by Stripe, really? It is a big business because it is easy to start, there are million of small sized webhosting companies!

 

[challenge]

why do you need atlas these days? they don't even offer the LLCs anymore unless you are US citizen.
the only somewhat useful thing years ago was the silicon valley bank account for non resident founders. and yet it was the worst experience I have ever seen.
That bank is very tight: if you are into wine, climate change, genetics and such shitty things I bet they would take you on.
they got burnt in past with financing weird companies that failed big, so the doors are even more closed now.

if not, just forget about it and incorporate it yourself/use other services.
Incorporating is easy, EIN is easy (albeit slow these days). Anything else you can read on google.
Careful with US C-corps. Without an accountant you could do some expensive mistakes.

 

[sinos]

No webhosting "companies" allowed any longer by Stripe, really? It is a big business because it is easy to start, there are million of small sized webhosting companies!

Its true, they have started to reject webhosters and VPN companies as high risk. If you have a prior history with any other payment processors then its ok, but if not they will reject you.

 

[sinos]

why do you need atlas these days? they don't even offer the LLCs anymore unless you are US citizen.
the only somewhat useful thing years ago was the silicon valley bank account for non resident founders. and yet it was the worst experience I have ever seen.
That bank is very tight: if you are into wine, climate change, genetics and such shitty things I bet they would take you on.
they got burnt in past with financing weird companies that failed big, so the doors are even more closed now.

if not, just forget about it and incorporate it yourself/use other services.
Incorporating is easy, EIN is easy (albeit slow these days). Anything else you can read on google.
Careful with US C-corps. Without an accountant you could do some expensive mistakes.

True, I don't understand the reason of applying for Stripe. Its very restricted. Though they provide LLCs but anyone can create their own LLC and use Payoneer as an associated bank account with Stripe. The real question is whether Stripe will allow your business or not. They are very finicky about due diligence nowadays.

 

[lavel]

This guy may think that he can avoid taxes using stripe / atlas otherwise I don't know what the point is.