While transferring a Stripe account to a different organization because of a business sale or acquisition, the process varies depending on whether the new owner is in the same nation or not. follow the steps given below depending on the criteria:
- Same country
Simply update the account details in Stripe, including the owner’s details, company URL, bank account information, and credit card statement information. Stripe support can confirm the information that needs to be updated.
- Different country
The new owner must open a fresh Stripe account for the new country. After which, a data transfer from the old account to the new one can be requested by contacting Stripe Support.
- Non-user
If the new owner does not use Stripe, invite them to join the account with Admin rights. Ownership can be passed to them after they accept the invitation.
- Existing user without Administrator permissions
Transfer the ownership to the existing user after granting them the admin privileges.
- Inaccessible Owner Administrator account
Request support from Stripe by contacting them and providing them with the names and dates of birth of the previous and new owners and the new owner's email address.
- Removing a Company Representative
To prevent payments from being paused, designate a replacement representative within seven days.
