#Leonardo.Barilari - Stores
1 messages ยท Page 1 of 1 (latest)
Hi snufkin
Actually yes
Let me explain. We are our own company, and we set up conversion funnels for clients.
The idea is to open stripe accounts we can use for each of these clients, collect on their behalf for a certain time, adn then deliver the account ownership to them.
The business model we are trying to setup is one where we earn money only for an x time since starting, and then we leave all earnings to the clients.
Okay so you need to be able to hand-off account ownership at a certain time in the future after the initial spin up?
Exactly
So we were wondering if the best way to go around this, would be to create 1 stripe account per client, or to create sub accounts per client.
But i guess sub accounts cant be dettached later.
By sub-accounts do you mean connect accounts? We don't really have a concept of sub accounts per se.
Sorry, yes, i meant connect accounts
Hmm alright looking into this.
Turns out we've got a doc right here for that: https://support.stripe.com/questions/change-the-owner-of-a-stripe-account
Find help and support for Stripe. Our support center provides answers on all types of situations, including account information, charges and refunds, and subscriptions information. Get your questions answered and find international support for Stripe.
Let me quickly check
it seems to explain about regular accounts but not connect accounts, right?
Yeah, given your use case I would avoid connected accounts. You want the hand-off to be complete, correct?
Yes in that case regular Stripe accounts are what you're going for.
Is if there any restriction regarding repeating bank information throughout several accounts.
How do you mean?
Lets say we have 4 clients, so we open 4 accounts, and all accounts have the same bank information, since they are all depositing money to the same bank account until we hand them off
is that a problem in any way?
I don't think so. Then, when you hand off, the client updates their external account info?
Yeah, when we hand them off i guess they just change their bank information and start collecting on a different account
I think you should be fine in that case. I'd still test it out but I don't see a reason this process wouldn't work.
Sounds good snufkin, thanks a lot for your assistance.
You're welcome ๐
have a great week!