Medium Partnership | How To Create Stripe Account And Send Tax Form

If you have not read the previous article about creating a Transferwise account, I recommend you read it first. To open the Stripe account I will tell you, you first need to follow the steps in that article.

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3 Reasons To Write Professionally On Medium

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How To Create Medium Partnership Account

You can follow the steps below to register and get the approval of the Stripe system.

Step one: Enter your information for the Stripe account.

Step two: Complete the taxation form. Since this is a long-form, take care to fill it out in detail. Note that there is a possibility of rejection.

On the next page, we select 'W-8BEN'. It is the name of the form that must be filled by those who live outside the USA. Since the USA is a very sensitive state in terms of tax, you are taxing even if you are abroad. Of course, the taxation agreements between the USA and your country determine the percentage of your tax. There is a taxation agreement with each country.

After saying 'Complete Form', we see the following two pages. We choose which country we are a citizen of, which country we live in, and from which country we want to be taxed and fill in the information.

I have reported that I am a Turkish citizen, that I live in Belgium and that I demand taxation through Belgium (since the tax rate is 0%). However, it was rejected. I also requested taxation through Turkey and I agreed to give a tax of 10%. The rejection mail is like this if you want to be familiar with it…

I think you should specify that you live in Belgium because your bank account is in Belgium, but because you are a citizen of a different country, you agree to tax xx%, so fill out the form in that way. Because the system will ask you to upload proof of your living in Belgium (ID card, residence, etc.). But you declare that you live in Belgium because your bank account there and you have a different country's identity, accepting the xx% taxation will not bother anyone. Ultimately, their aim is to charge you taxes. I signed up this way because other options seemed risky to me.

Medium cuts this tax on the money you earned on your behalf and pays it to the US government. You don't have to do anything. I think you can follow the rule and they cut a taxation of xx%. At least you're not in trouble afterward. When I deal with a state, I am willing to avoid all kinds of risks.

Third step: You will receive an email to update your information a few hours after completing this process. Click on 'Update Your Information.' There you will be asked to confirm your credentials and mail.

After identifying your identity card to the system and confirming the confirmation e-mail sent to your mail, the process is almost finished.

Step four: Wait.

You will receive an e-mail informing you whether the tax form has been approved by Stripe. Mail will arrive in an estimated 2–3 business days. If not, re-enter the incorrect information on the form and send it.

Remember, you need to have this tax form approved within one month, or you can't get paid.

Congratulations if your Stripe account has been approved in the last email. The process is complete!

Now you can start making money as a professional writer and write articles to inform people.

You can read the post in which I explain how I started my first business in detail in this link.

If you are interested in online money making, career, personal development, investment and entrepreneurship and want to make more money, stay tuned!