Some services work exactly the same no matter where you live. That’s not the case for Payment APIs, which have to worry about currencies and legal differences wherever they provide their service. While Stripe, for example, accepts 135 currencies, it’s only available to individuals or corporations in 24 countries. Perhaps that’s why the company is now helping international entrepreneurs incorporate as a US Delaware corporation.
Stripe Atlas provides what Stripe calls the “basic building blocks for starting a global internet business.” Most notably, the company files the incorporation paperwork and sets up the US bank account, two things that are difficult to do from abroad.
Along with receiving the $500 fee, Stripe also likely gets a new customer, with hopes that thousands in transaction fees will follow.