There are a number of countries where Stripe is not supported (such as Germany, Israel, Panama, among others). However, it is still possible to obtain and use a Stripe account with GiveForms.
To do this, all you need is a US bank account. We recommend using a TransferWise Borderless Account.
What/Who is TransferWise?
TransferWise is a UK-based money transfer company that offers reasonable rates and doesn’t inflate exchange rates. It allows you to hold more than 40 currencies online and switch them at your convenience.
For example, with a German bank account number, you can easily create a Stripe account and start receiving GiveForms donations immediately.
Are there countries that aren’t supported by TransferWise?
There are a few countries that aren’t yet supported, but the list is far shorter than Stripe’s list. View the list of unsupported countries on the TransferWise website.
Can I trust TransferWise?
We've used TransferWise here at GiveForms to pay overseas contractors for years without an issue. Read reviews on TransferWise on TrustPilot or Monito.
Does TransferWise support this?
Yes, TransferWise even has a support article on it.
How do I get started?
- First, you need to create a TransferWise Borderless Account.
- Once you’ve completed the necessary forms, link it to your local bank account of choice. Add the currencies you would like to receive and hold money in (you won’t need to deposit any money).
- Next, add the countries that you’d like to get local bank details for. If the USA isn’t available in your country, simply choose Europe and you’ll get access to a German IBAN bank account number and SWIFT code.
- Next, create a Stripe account and use the foreign bank account details you received through TransferWise as your bank details. Ensure that the name you give exactly matches the one on your TransferWise account. If it doesn't, this will not work.
- Once you've created your Stripe account, you can now register for GiveForms and connect your Stripe account.
- Set up your Stripe currency of choice to match the one you’ll be receiving on TransferWise. Use either USD, EUR or NZD and exchange it once it's in your TransferWise wallet. Transfers in other currencies will fail.
- In the address field on Stripe, you won’t be able to add your own country from the dropdown. Still, enter your own address and simply select the country and region that your foreign bank account is in.