Stripe Issuing

Stripe is only available for business use. In order to apply for Stripe Issuing, you will need to have an active business website that you can link for them. This can be an actual website, Instagram business page, eBay or Grailed seller page, etc.

Stripe requires you to have funds in your account by topping up prior to spending that money. You can think of Stripe as a separate bank account in a sense. It's not like Privacy where you connect it to a bank account and it automatically pulls funds from there. It is similar to Revolut in this regard.

Supported Sites

Currently Stripe Issuing cards work on every site. This includes the following:

• Supreme ✅

• Footsites ✅ - Can be shared across each Footsite.

• Yeezy Supply ✅

• Adidas ✅

• Nike ✅

• Shopify ✅

• Finish Line/JD Sports US ✅ - one card can be shared between both sites.

Billing Profile Guidelines

• Name: any name can be used.

• Address: line 1 and 2 of address can be anything.

• Zip Code: some sites allow any zip code to be used. If it does not work when using a different zip code, then it has to match what is registered to your card. Supreme is strict on zip code matching, while other sites such as Yeezy Supply have allowed a mismatching zip code.

How to Enroll for Stripe Issuing

1. Head to Stripe's website. Click the Sign in button on the top right. You will need to create a Stripe account if you do not have one already.

2. Once you make your account, you will be taken to your account dashboard.

3. You will need to verify your email next. Check the verification email and then confirm the account.

4. On your dashboard, you will need to input your business details to activate your stripe account. One option to do this is on the home page as pictured below.

5. You'll need to fill in your business information in the following pages.

6. Fill in your business address information and the type of business you are.

7. Fill in your personal details as the business representative.

8. Fill in your business details. Make sure to input a valid business website as they will check. If you set up your business as a sneaker reselling business, then you can just state that truthfully.

9. If your business is reselling sneakers, you will likely answer yes to this.

10. Fill in the business contact information. This will likely be the same as your personal contact info.

11. Enter your bank routing and account number in.

12. You can optionally choose to enable 2FA on your Stripe account.

13. After your Stripe account has been activated, you will need to begin the Issuing application to actually use Stripe cards. You can typically find this in Settings on your dashboard.

14. Go through the Issuing application. The questions asked will be similar to some of the questions asked in the initial account activation. You will also need to state what you plan to use the issuing cards for. Feel free to come up with your own reasons. You can mentions things such as expense management, purchasing business inventory, travel purchases, on-demand purchases, etc.

Try to be as clear as possible when filling out the application. Make sure all info is genuine and can be verified by Stripe at any point. They may follow up with you later to ask you questions.

They may also ask to see some pictures of your inventory as well as purchase receipts for them if you applied as a sneaker reseller.

15. Once you have completed the Issuing application, you will need to wait up to 24 hours for Stripe to verify your information and see if your use case is supportable by Stripe Issuing.

16. After your account is approved, you will need to provide additional information regarding your business, including your Tax ID information and the company owners. This should be in your Tax Details in settings.

Note that Stripe now allows sole proprietors and single-member LLC to use Issuing cards as well.

If you are applying as a self-proprietor, you will use your social security number. If you are a registered LLC, etc., you will use your EIN.

17. Once your business has been verified, you will need to add funds to your Stripe Issuing balance. You can head to your balance tab on the left side of the page.

18. Scroll down until you find your Issuing Balance. Click Add to balance and then select the amount you want to add.

19. The first time you add to your balance, it may take up to a week for the funds to be ready to spend. You can track the status of your top-up at any time by going to the Top-Ups option under Payments on the left side of the dashboard.

20. That wraps up Stripe Issuing setup. At some point, you may be contacted later down the line to verify additional business information. Be sure to have whatever business site you use up to date and still able to be accessed at any time.

How to Create a Cardholder

1. Click the Issued cards tab on the left side.

2. Select the Cardholders option.

3. Click the +New button to create a new cardholder.

4. Fill in the information that is requested. Note that this will serve as your billing address for the card.

5. The cardholder creation process is now complete. Repeat this for additional cardholders and billing addresses you'd like to create.

6. You can find the cardholder ID at any time by heading to your list of cardholders and copying the ID indicated below.

How to Create Issuing Cards

1. Find the cardholder for which you want to make a card for. You can find this in the Cardholders settings.

2. Click the + Add button to create a new card.

3. Select the type of card you wish to make. I would recommend to just stick to virtual cards.

4. Your card is now ready to be used. Just as a note, manually creating cards sets an initial spending limit of $500 per day. I would recommend to click the edit button under spending controls as shown below, and then delete the spending limit.

Stripe Issuing Card Pricing

Creating cards with Stripe Issuing isn't free. Prices for creating a card are as follows:

• 10¢ per Virtual Card

• $3 per Physical Card

In addition to card creation fees, there is also a fee on each transaction after spending $500k with Issuing cards. Each transaction will incur a 0.2% + $0.20 fee per transaction after spending more than $500k with your cards.

Merchant Locks

Stripe Issuing cards do not merchant lock anywhere. You can reuse cards at any store you want to and share them amongst footsites, fnl/jd, shopify sites, etc.

Card Creation Limits

Stripe currently does not have a card creation limit in place. However, you will be charged 10 cents for each virtual card created. Additionally, you can only top up to $2500 per transaction and $5000 per week. You can request a top up limit only if you have a good reason to go beyond this limit.