Transfer of Ownership of the Business
The existing owner can transfer
If the existing person can login into the Stripe account easily, they can transfer the ownership to the new person so the new person can verify the account.
The existing person who has access to the Stripe account must obtain approval from the committee members before passing the responsibility to another person. The existing person can email firstname.lastname@example.org and copy in the new person and committee member who has approved the transfer then Stripe will provide the assistance to transfer the account.
Alternatively, once you have approval from the committee member:
First add the person under settings>team>+new member>enter email and select role as Administrator and update. They will receive a link and can create their user password and login into the account using the email as the username. Once they are logged in they can upload their ID when requested to do so by Stripe. Take a photo of your driving license front and back before hand and save it to a folder from where you can select this easily. Under settings>verification>Management and Ownership select your name>edit and it should allow you to upload your ID here. To transfer the ownership, go to settings> Teams>scroll to the person’s name>select edit >select transfer ownership>update. They should appear under Management and owners under settings>verification. They will need to upload their ID eventually under the settings if they have not already done so and will receive an email from Stripe to remind them to do so.
The existing owner is unable to transfer
If the existing person is unable to login/uncomfortable to login as they will have to provide personal ID / no longer available as they have left the organisation or passed away, then it is best to transfer the ownership of the account by completing the letter below.
You will need to complete the attached letter on club letterheaded paper and have another committee member print and approve and sign the transfer letter, creating a pdf document. Please make sure it is in this exact format and no details are missing as they will request it again.
Please also copy the other committee member who has approved the transfer on the email when you send the letter to Stripe at email@example.com
What will I need before I begin the letter
You will need the following information for your letter:
- Need the name of current owner.
- Date of birth of current owner
- Stripe account number
Often the name and date of birth can be found in the ClubSpark
If you cannot obtain this information, please email firstname.lastname@example.org and we will attempt to support you with finding this information – please note information will only be supplied if a committee member is CCd on the email request.
Emailing Stripe the letter
We suggest the following email to be sent alongside your letter. Please also CC the committee member that is approving the transfer
Hi Stripe support,
We are an unincorporated non-profit organization and have been asked by England and Wales Cricket Board Ltd to whom our club Stripe account is connected to ask you to help us to transfer the ownership of the club’s Stripe account to (INSERT Name of Person) from the existing administrator, who is no longer available to help.
The email of the administrator is (INSERT EMAIL) and our account number is (INSERT ACCOUNT NUMBER )
Please find attached the completed letter and our committee member (INSERT Name of Person) has approved this transfer and is copied in on this email.
We need to arrange the transfer asap as our programs are restarting next week and the club also needs to verify the business as an unincorporated non-profit organization, so that our payments can be re-enabled.
(INSERT NAME )