using only you ss number on shopify
How to Set Up Shopify Payments as a Non-US Citizen Without an SSN
Today, we will discuss how non-US citizens can set up Shopify payments without an SSN. We will also cover how to form a US company, as Shopify payments are powered by Stripe.
- US company name (LLC)
- EI number (tax ID number)
- US address
- US bank account
- US phone number
- Personal details
1. Form a US company to obtain an EI number and US address.
2. Sign up on Shopify and select the US as your store address.
3. Go to payment settings and activate Shopify payments.
4. Enter your business and personal details.
5. Describe your products or services.
6. Enter your US bank account details.
7. Complete the account setup.
Benefits of a US Company:
- Access to online services that are not available in your country.
- Ability to sign up for services that require a US address.
- More credibility as a business.
Setting up Shopify payments as a non-US citizen without an SSN is possible by forming a US company and following the necessary steps. It provides various benefits and access to more services. Remember to enter your details correctly and check the prohibited businesses list before selecting your business category.
Everything You Need To Know About EIN/SSN For Stripe Activation | Shopify Dropshipping Dubai
In this video, we will discuss the importance of an Employer Identification Number (EIN) for those who want to activate their Stripe account and operate their business outside of the United States.
What is an EIN?
An EIN is a mandatory nine-digit number given by the IRS for all businesses operating in the United States.
Why do you need an EIN?
If you have a company registered in Delaware and want to activate your Stripe account, you need an EIN. It acts as a Social Security Number when filling out your Stripe activation form. You can take the last four digits of your EIN and place them in the SSN holder to activate your Stripe account.
Do you have to pay taxes?
If you have a Delaware company and don't live in the United States, even if your customers are from the United States, you don't have to pay any taxes.
How much does it cost?
Acquiring an EIN from Delaware costs about $95, and the expense for company formation is $179.
How long does it take to receive your EIN?
If you buy an EIN from the Delaware website, it can take up to 45-60 days for delivery. However, you can get your EIN in 48 hours with some help.
Acquiring an EIN is crucial if you want to activate your Stripe account and operate your business outside of the United States. The expense of acquiring an EIN and forming a Delaware LLC is worth it because you don't want to lose out on a lot of customers. Stripe is the number one payment gateway on the planet for a reason, so invest the money and don't miss out on the opportunity to grow your business.
Do You Need A Business License To Sell On Shopify?
- Discussing the requirements for selling on Shopify
- Addressing common questions about business licenses, tax ID numbers, and sales tax collection
Do You Need a Business License and Tax ID Number to Sell on Shopify?
- Misconceptions about the difficulty of becoming legal for business
- Obtaining a tax ID number is easy and quick, and costs around $60-80 (depending on state)
- Recommendation to not go through the legal process before starting to sell on Shopify
- Importance of determining if you will follow through with selling and having a successful product before going through legal process
- Shopify will reach out and require incorporation once a certain number of sales are made
- Discussion of importance of paying sales tax and using an app like TaxJar to calculate and file sales tax monthly
- Shopify is an excellent ecommerce platform and offers many resources for business owners
- Getting started on Shopify is easy, and legal requirements can be fulfilled once the business has been established
- Importance of paying sales tax and using an app like TaxJar to make the process easier
- Reminder to subscribe to the channel for more tips and strategies for growing an online business.
The Only Shopify Dropshipping Guide You Will Ever Need (FOR BEGINNERS)
If you're looking for a new way to build sustainable passive income online from home without any fancy degree, prior experience, or special talents, dropshipping may be a good fit for you. However, with so many new gurus swirling around online and social media, it can be difficult to get your hands on the right information. That's why we've created this step-by-step guide to help you break down the process and take your first few steps into the world of creating a passive and sustainable online business.
Finding Your First Product:
The first step in dropshipping is finding a product to sell on your online store. You can use a tool like Deezers to import products in one click from AliExpress. Look for products that solve problems, have high ratings, and are in demand. For example, a product like a Bluetooth sleeping headphone sport band that helps people fall asleep could be a great fit.
Setting Up Your Online Store:
Once you have your product, you can create your online store using a platform like Shopify. It's easy to set up, and you can customize your storefront to fit your niche. Choose a theme, add your product, and start customizing the homepage with images and benefit-driven text. You can also set up your billing information, staff accounts, and bank account.
Marketing Your Store:
To make sales, you need to market your store. You can use various channels like social media, email marketing, and paid ads to reach your target audience. Use discount codes to incentivize people to shop and track your marketing efforts in the analytics section of your Shopify dashboard.
Dropshipping can be a great way to build a sustainable passive income online from home. With the right product and marketing strategies, you can create a successful online business. Remember to stay transparent and authentic with your customers and always provide value. Good luck on your dropshipping journey!
The Only Shopify Dropshipping Guide You'll Need [For Beginners]
Are you looking for a way to create sustainable passive income and work from anywhere in the world? Dropshipping might just be the answer for you. In this video, we will cover everything you need to know about starting a dropshipping business from scratch. And the best part? I'll share this valuable information for free!
Setting up your Shopify account:
1. Start by signing up for a free trial on Shopify.com.
2. Create your store name. For this example, we will use Beauty and Cosmetics 123.
3. Fill out your business details and contact information. Consider getting a virtual mailing address to keep your personal information private.
4. Choose the basic Shopify plan for $14.44 per month.
5. Activate Shopify payments and PayPal as your main payment methods.
6. Configure your checkout settings to require only email and first/last name, and offer free shipping whenever possible.
7. Skip the taxes and duties section for now, and move on to the next steps.
Adding products to your store:
1. Research the beauty and cosmetics niche to find popular products.
2. Use AliExpress, Spocket, or other dropshipping suppliers to find products to sell.
3. Import products into your Shopify store using Oberlo or other product import tools.
4. Optimize your product descriptions and images to attract customers and increase conversions.
5. Organize your products into collections to make browsing easier for customers.
Marketing and promoting your store:
1. Use social media platforms like TikTok and Instagram to create content and attract followers.
2. Run Facebook and Instagram ads to target potential customers.
3. Use email marketing to build a loyal customer base and promote new products or sales.
4. Offer discounts and promotions to incentivize customers to make a purchase.
5. Use SEO and keyword research to optimize your website for search engines.
Starting a dropshipping business can be a great way to create passive income and work from anywhere in the world. With a little bit of time, hard work, and dedication, anyone can succeed in this business model. By following these steps and implementing the right marketing strategies, you can build a successful dropshipping store and achieve financial freedom.
How to use Stripe & Shopify payments for NON USA Citizens/Residents
In this article, we will discuss how non-US citizens and residents can start selling on Shopify with Shopify payments and/or Stripe without having to come to the US.
1. Stripe Atlas: Stripe Atlas is a program that allows you to apply for and set up an LLC in the US and create a US bank account with one of their partners. This option costs around $600.
2. Wyoming registered agent net: This website will set up a US LLC and open up a bank account in your business name. They take care of all the paperwork and the cost is around $600.
3. Payoneer: This option involves using Payoneer as an online bank account to get approved for Shopify payments and/or Stripe. This option costs less than the previous two but may require a new routing number if Shopify payments rejects the default one.
Non-US citizens and residents can still sell on Shopify with Shopify payments and/or Stripe by using one of the three options discussed above. It is important to consider the cost and requirements of each option before deciding which one to use.
How To Track All Your Numbers In Shopify Like A Pro (True Profit)
In this article, we will be discussing the importance of tracking profits for Shopify entrepreneurs and the best profit tracking app for Shopify. Knowing your numbers is crucial in any e-commerce business, and we will show you how to leverage data-backed decision making to win in the industry.
Why track profits:
- Knowing your numbers is crucial
- Helps make data-backed decisions
- Enables you to identify what's working and what's not
- Helps you make more money
The problem with Shopify:
- No built-in way to track profitability
- Requires an app to automate the process
- App must work with different product types and pricing setups
- Automated data collection and reporting is crucial
Introducing True Profit:
- Reveals your true profit with effortless data tracking
- Integrates with all important data-driven information, including marketing
- Automates profit calculations
- Provides a comprehensive dashboard
- Enables cost of goods sold management on an estimated or individual product basis
- Integrates with various ad platforms
- Mobile app available for easy access
- Eliminates the need for spreadsheets
- Provides all the necessary data for data-backed decision making
How to set up True Profit:
- Install the app
- Grant permission for Shopify and True Profit to communicate
- Select a plan
- Set up costs for ecommerce
- Import data
- Fine-tune data in calculation settings
- Connect ad platforms
- Customize report settings
True Profit is an essential tool for any Shopify entrepreneur who wants to succeed in e-commerce. With its easy setup, comprehensive dashboard, and integration with various ad platforms, it provides all the necessary data for data-backed decision making. It eliminates the need for spreadsheets and provides a mobile app for easy access to your numbers. Don't let the lack of built-in profitability tracking in Shopify hold you back – get True Profit today.