Stripe supports the Israeli Shekel (ILS) as a currency. You can use Stripe to process payments with the ILS currency.
What is currency ILS?
ILS is the currency abbreviation for the Israeli Shekel, which is the official currency of Israel. It was introduced in 1980 and is represented by the symbol ₪.
The Israeli Shekel is divided into 100 agorot, and the Central Bank of Israel is responsible for issuing and regulating the currency. The current ILS banknotes in circulation are in denominations of 20, 50, 100, and 200 shekels, while coins are in denominations of 10 agorot, 1/2 shekel, 1 shekel, 2 shekels, and 5 shekels. The ILS is a floating currency, meaning its exchange rate is determined by the foreign exchange market.
How to use ILS currency
To use ILS currency on Stripe, you’ll need to set up a Stripe account and connect it to your website or app. Once you’ve set up your account, you can accept payments in ILS from customers anywhere in the world. You’ll need to provide a bank account in Israel that can receive ILS transfers to receive payments in ILS. You can then specify that you’d like to accept payments in ILS, and Stripe will automatically convert any foreign currency payments into ILS and deposit them into your bank account. Additionally, Stripe provides tools and resources for managing fraud prevention, subscriptions, recurring payments, and more, making it easy for you to accept payments in ILS.
Stripe and PayRequest support ILS currency
Stripe and PayRequest are payment processing platforms allowing businesses to accept and manage payments online. Stripe is a full-featured payment processing platform, while PayRequest is a more streamlined payment request tool.
Both platforms support the Israeli Shekel (ILS) as a currency, so businesses using either platform can receive payments in ILS from customers anywhere in the world. You’ll need a bank account in Israel that can receive ILS transfers to receive payments in ILS.
Stripe provides various business tools and resources, including fraud prevention, subscriptions, recurring payments, and more. It is a good choice for businesses that need a complete payment processing solution, and PayRequest is a more basic platform best suited for companies that need to send payment requests to customers.