Accepting international payments from Stripe accounts in India
Stripe India accounts allow users to accept international payments in over 135 foreign currencies. To do so, users must have a valid Import/Export Code (IEC), create a new Stripe account based in India, and complete the "Accepting International Transactions" process during account application. Note that individuals cannot accept international payments, and an IEC is required for accepting AMEX payments from international users.
You can accept international payments from your customers in more than 135+ foreign currency using Stripe India accounts.
Eligibility
Registered as a company, llc, or sole proprietorship ( we don't support Individuals for accepting international payments)
Have an active Stripe account based in India with KYC verification completed
Please make sure you already obtain a valid IEC (Import/Export Code). You could check the validity of your IEC or apply for a new IEC through the DGFT website: https://www.dgft.gov.in/CP/
Create a new Stripe account based in India and complete 'Accepting International Transactions' during account application. Here's the requirement for export related info:
Export of Services = Transaction Purpose Code
While IEC is optional for export of services users, you still need to obtain an IEC to accept AMEX payments from international user (otherwise payment will failed)
Export of Goods = Importer / Exporter Code (IEC) and Transaction Purpose Code
Use our India Exports Guide for integration. Please make sure to follow the guides as this is a mandatory requirement from Indian regulators: https://stripe.com/docs/india-exports
Once we're able to verify your IEC and complete all the KYC documents, you are ready to accept international payments
Notes:
We are not in the position to advise you on the right transaction purpose code for your business, so kindly consult with your lawyer or pick the purpose code that is most relevant to your business.
Individual users will not see an option to enable international payments from their account as it is unsupported.