With this method, you can earn a $25,000 commission discount from Stripe, as well as $1,000 in free credit to use on Amazon AWS services.
Before moving on to details about AWS and how you can get these discounts, it would be useful to give some information about Stripe.
Stripe is undoubtedly the most preferred and most reliable virtual POS (payment gateway) provider when it comes to collecting payments from credit cards globally.
If you have an llc in Usa and an EIN number belonging to your company, you can legally open a Stripe account and have your account verified within a few hours. After passing the verification stage, you can receive instant payments via credit cards through your websites.
What Exactly Is Stripe's $25,000 Transaction Discount?
As it is known, Stripe charges the account owner a certain percentage of commission and fee per transaction as a result of each successful credit card collection transaction.
These transaction fees are 2.9% commission + 30 cents from the general amount for each successful transaction.
There is a way to collect without paying these commission fees. If you would like to receive a $25,000 transaction commission discount from Stripe, you can join the Amazon AWS Activate program.
Amazon AWS, one of the world's largest cloud providers, provides startups with free tools, resources and many other free credits to quickly get started using AWS within the framework of the AWS Activate
Once you sign up and get approved for the AWS Activate project, you will first receive a $1000 credit that you can use towards Amazon Cloud products. With this credit, you can use numerous AWS services, including Amazon SES, Route 53, Amazon EC2, virtual servers, and cloud applications, for free.
In addition to using all the above services for free, you also get some additional startup loans that support entrepreneurs. Stripe commission waiver discount is actually one of them…
AWS Activate Relationship with Stripe Commission Discount
Once you are accepted into the AWS Activate program, you will be presented with many special offers. Stripe $25K transaction waiver discount is one of these offers. You can apply for this offer online directly from your AWS customer panel.
Under Exclusive offers, you will see the offers of many large companies that you can benefit from within this program.
There are dozens of large companies offering free loans in this area. You can apply for all services that are useful to you or that you plan to use in the future. You can benefit from these free offers if you are deemed eligible for the offer.
Among these offers, the Stripe offer called “Eligible new users who sign up for a Stripe account can receive fee-free processing for $25k of payments processed” is actually relevant to our topic.
According to the information here, small businesses that open a Stripe account for the first time can benefit from this discount, but do not pay attention to how it is written because when you apply, Stripe also includes previously opened accounts in this program.
Even though our Stripe account was older, we applied to the program as StartupSole and were accepted within a few days.
We no longer pay any commission to Stripe for credit card collections by taking advantage of the $25k campaign offered to us by Stripe in return for the payments we receive. At least we can say that this is a discount that we can continue to use until the credit runs out.
In the screenshot above, you can see that the transaction commission of 23.44 USD to be paid to Stripe for a payment received from a credit card is not reflected in the account.
But remember that this credit is deducted from the total turnover. So, assuming you make a credit card payment of $10k at once, you will be left with a discount of $15k within this program.
How to Participate?
- First, you must have a US LLC and obtain an EIN number for that company.
- You need to create a website without subscribing to the AWS Activate program. This could be a software project, a service or a product website. The important thing is that your website is complete and its content is satisfactory. Otherwise, you may not be accepted into the AWS Activate project.
- It is useful to obtain an e-mail address belonging to the domain name of your website. Try not to apply with e-mail addresses such as Gmail or Hotmail, because you need to emphasize that this job is serious and sustainable.
- you can start creating a new WS Activate account by opening a new browser If you have previously applied for WS Activate with the same email and website, you will probably be rejected. First-time applicants to the WS Activate project are accepted.
After you become a member of the program, follow the instructions that will be sent to your e-mail. During membership, you will be asked some survey-style questions about your project (website), try to answer these questions in as much detail as possible. Do not give very short and concise answers because project approval is also related to your ability to express yourself correctly.
If nothing goes wrong, you will receive an e-mail like the one below in a short time.
When you receive this email, you now receive a $1,000 credit from the AWS Activate Startup project. You can access your AWS console from the link in the email, log in and start using AWS services.
How to Get Stripe Credit?
After being included in the AWS Activate program, access the console and click “All Services” from the “Service” menu. Then click “Activate Startups”.
When you open the Exclusive Offers section on the left menu, you will be able to access all offers.
You can scroll down this page and access the Stripe offer.
If you are already a Stripe user, you can apply for a free loan from the link related to your company email address that you registered with Stripe. A few days after you apply, Stripe will assign you a customer representative and that person will direct you. Actually, you do not need to do much because the customer representative handles the entire process and sends you an e-mail confirming that the transaction is completed.
You receive an e-mail stating that your $25k free credit has been identified, and a notification appears in your Stripe panel that this credit is active. From now on, all your collections will be commission-free until $25k is reached.
Who Can Participate?
Startup projects, digital product or service sellers, digital agencies, software developers and even all website owners eligible for the program can participate in these free loans.
In order to get approval, you need to pay attention to the details mentioned above and especially express your project correctly when applying to AWS. Apart from these, there is no need for a very special application.
We hope you will benefit from these valuable discounts and services.
We wish you good luck.
