Using Stripe’s products
Stripe Atlas users open a U.S.-based Stripe account, and can use the full functionality of the Stripe API, including Connect, Radar, and Subscriptions. There are a couple of special considerations when using Stripe through Atlas, however.
Stripe Connect provides a mechanism to process payments on behalf of others. You might use Connect if you are building a platform that enables e-commerce or need to easily facilitate payments between customers and contractors. You can even create Stripe accounts for your users, so they only ever interact with your platform.
If you plan to facilitate payments between customers and sellers, we’ll need to collect some additional information about your business during the Stripe Atlas application:
- The location of your sellers (or contractors, drivers, renters, etc.)
- Your process for onboarding sellers and verifying their identities
- How you’ll facilitate payments between your customers and sellers (you don’t have to use Connect, but we hope you will!)
We generally can’t support platforms that handle the movement of money directly.
Accepting multiple currencies
U.S. Stripe accounts can charge customers around the world in more than 135 currencies so you can likely charge your customers in their local currency.
All charges will be settled in USD in your U.S. Stripe account, at an additional foreign exchange (FX) fee.
Stripe Atlas provides additional benefits to its users beyond helping them create a U.S. corporation, open a Silicon Valley Bank business account, and open a U.S. Stripe account.
Amazon Web Services
Designed to help startups scale their infrastructure, Amazon Web Services (AWS) provides special access to technical labs, web-based training, and specialized support.
Once your company representatives have electronically signed the documents, we’ll email you a code to sign up for AWS credits on your AWS account. (You can create an AWS account if you don’t already have one.)
You can receive up to $5,000 (USD) in credits over a two-year period. The credits take up to 4 weeks to apply to your AWS account.
Tax and accounting
Stripe Atlas users can chat—for free—with an accounting expert in the Stripe Atlas network. Stripe Atlas also offers flat-rate tax preparation packages from leading accounting firms like PwC and other smaller firms that specialize in helping startups, starting at $1,000 for all U.S. tax obligations.
We also encourage you to read and refer to our Starting a Real Business guide—a primer explaining accounting, taxes, employment, and more.
Stripe Atlas users have access to a legal guide prepared by Orrick and free annotated legal templates that can be customized for their company’s next steps after incorporation.
Stripe Atlas users also have access to a network of startup attorneys who can provide a short free consultation and flat rate legal packages for Atlas users (including as little as $349 to customize templates for a new company to issue founder’s stock). If you’re interested in that, please contact us at email@example.com. These attorneys will not provide tailored advice unless you engage them to represent you directly as a client.
Now that you’ve know more about Stripe Atlas in detail, you may want to read: