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How to protect your Stripe account while you are alive

There is no way to name a beneficiary or successor on a Stripe account. While the account holder is alive, Stripe allows transferring the account.

Stripe decides requests about a Stripe account after a death case by case, so nothing in its terms promises a survivor anything; what the account holder sets up in advance is what holds. There is no way to name a beneficiary or successor on a Stripe account. While the account holder is alive, Stripe allows transferring the account.

How to protect your Stripe accounts

1
Add a trusted person to your account team as an Administrator or Super Administrator, so someone with near-owner access can keep the business operating if you die.
2
If succession is planned, transfer ownership while you are alive: set an existing team member to Super Administrator and select Transfer ownership, or invite a new person as a Super Administrator and transfer once they accept.
3
For a business sale, the Services Agreement lets you assign it to the successor from a merger, acquisition or sale of substantially all assets, with prompt written notice to Stripe.
4
Keep a list of the services and integrations that use your Stripe API keys:
  • •Use restricted API keys with limited permissions instead of unrestricted secret keys.
  • •Stripe displays a live-mode secret key you create one time, and cannot recover a lost key; a lost key is rotated or deleted and replaced.
5
Export a backup of your data from the Dashboard:
  • •The Balance summary report, with an itemized CSV of your complete transaction history.
  • •Bulk exports of payments, customers, products and connected accounts.
6
If your business is an LLC formed through Stripe Atlas, read the Atlas Operating Agreement on what happens to a member's interest at death.

Naming who acts after a death

Designation

There is no way to name a beneficiary or successor on a Stripe account; the closest step is adding a trusted person as an Administrator or Super Administrator, who can manage almost everything but cannot change the account owner.1

What Stripe's terms say about sharing and transfers3

Workspace roles and admin access

Stripe supports team members with assigned roles. A Super Administrator can perform all privileged actions except deleting the default bank account and changing the account owner.1

There can be only one owner of an account. The account owner is a special type of Administrator who can perform all actions, including closing the account.1

Transferring the account or registration

The current owner can transfer ownership to a user with the Administrator or Super Administrator role, or invite a new person as a Super Administrator and transfer once they accept.2

For Stripe accounts in Brazil, ownership cannot be transferred for an individual or sole-proprietorship account linked to a CPF.2

The Services Agreement allows assignment in its entirety to a successor from a merger, acquisition or sale of substantially all assets or voting securities, with prompt written notice to Stripe.3

Exporting and backing up data

The Balance summary report works like a bank statement, and an itemized CSV of the complete transaction history can be exported from it.4

Customer card data can be transferred only to another PCI DSS Level 1-compliant payment processor, through an encrypted export Stripe prepares.5

Sources5

Should you save your passwords for your family?

Some people store account passwords so a family member can sign in later. The practice has three practical limits:

  • Two-factor authentication often blocks it. Most accounts require a second factor — a code sent to a phone, an authenticator app, a passkey, or a physical key. A saved password alone frequently does not grant access, and the recovery codes that would are easy to lose or let go stale.
  • It usually conflicts with the platform's terms. Most operators prohibit account sharing and signing in as another person, including after a death. Stored credentials are not the operator's recognized access path, and using them can violate the terms of service.
  • Operators provide other paths. Where an operator offers a designation tool — Apple's Legacy Contact, Google's Inactive Account Manager, a beneficiary designation — that mechanism grants access the operator recognizes. A password manager's own emergency-access or legacy feature passes credentials through a controlled process. Digital assets named in a will or trust give a fiduciary authority under each state's Revised Uniform Fiduciary Access to Digital Assets Act (RUFADAA).
SimplyTrustSimplyTrust Editorial·

Sources

Data sourced from Stripe primary sources (13 pages reviewed). How we research.

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