Last updated: April 11, 2025
1. Multi-currency Account Services.
These terms (“Multi-currency Account Preview Terms”) supplement the Agreement and govern your use of the Multi-currency Account Services. Capitalized terms that are not defined in these Multi-currency Account Preview Terms have the same meanings given to them in the Stripe Services Agreement.
2. Payouts Recipients.
The Multi-currency Account Services enable you to make or accept Payout Transactions with Recipients. When Stripe makes an Outbound Payment to a Recipient on your behalf, it does not create any direct relationship between Stripe and the Recipient.
3. Services and Support.
3.1 Preview Services.
The Multi-currency Account Services are Preview Services.
3.2 Information Provided to Stripe.
- a. You must, if requested by Stripe, provide information about a Payouts Transaction, including the source of funds. Stripe may prohibit, disable, or limit your use of the Multi-currency Account Services until Stripe is satisfied that it has received sufficient information relating to each Payouts Transaction or other use of the Multi-currency Account Services.
- b. You are responsible for providing accurate and complete payment instructions, and for verifying the accuracy and completeness of any payment instructions and details that you provide in respect of a Payouts Transaction.
- c. If you believe that there is an error in an Payouts Transaction, or an unauthorized Payouts Transaction has occurred, you must notify Stripe immediately and provide all information requested by Stripe.
- d. An Outbound Transaction extinguishes any payout liability that Stripe may have in respect of the payout amount. You acknowledge that once an Outbound Transaction is initiated, it cannot be cancelled or reversed, and Stripe may not be able to (and is under no obligation to attempt to) retrieve funds sent via an Outbound Transaction.
3.3 Use of VBANs.
Unless otherwise agreed in writing by Stripe, any VBAN issued for the Multi-currency Account Services must only be used in connection with the Multi-currency Account Services and for the sole purpose of receiving Received Credits. You are responsible for maintaining the security of the VBAN and preventing its misuse. Stripe, its Affiliates, and Stripe’s Financial Partners will not be liable for any losses, damages, or costs that you or others suffer arising out of or related to your use or disclosure of the VBAN. A VBAN is not an account at a Multi-currency Treasury Bank.
3.4 Timing of Payouts Transactions.
- a. Stripe will make an Outbound Transaction in accordance with the time periods stated in the Documentation unless a Payouts Transaction Delay occurs or Stripe exercises a right under the Agreement to withhold or delay the Payouts Transaction.
- b. Stripe may place a Payouts Hold on funds transferred to your Multi-currency Account (i) if Stripe reasonably doubts that it can collect the amounts owed to Stripe; (ii) if Stripe is concerned about potential fraud or other misconduct, including for new Multi-currency Accounts or large transfers of funds; (iii) if Stripe is concerned about compliance with the Multi-currency Regulatory Requirements; or (iv) for any other reason permitted by the Agreement or the Multi-currency Regulatory Requirements. Stripe may place a Payouts Hold for more than your Available Balance.
3.5 Future Releases.
If Stripe releases updates to the Multi-currency Account Services to expand or change (a) product functionality; (b) Supported Currencies; (c) Payouts Transaction types; (d) Payouts Recipient Territories; (e) Fees; or (f) any other aspects of the Multi-currency Account Services, Stripe may communicate these updates and any additional terms associated with the changes by publishing an update to these Multi-currency Account Preview Terms, the Stripe Website, the Documentation, the Pricing Page, or such other means as Stripe determines in its discretion. Your use of the updated Multi-currency Account Services constitutes acceptance of any additional terms communicated under this Section.
4. Transactions on Your Multi-currency Account.
4.1 Payouts Transactions.
- Authorization. You authorize Stripe to make any Payouts Transaction requested by you. Stripe will deduct the amount of each Outbound Transaction that you initiate from the Available Balance even if the transaction has not yet been completed. If an initiated Payouts Transaction cannot be completed, Stripe may retry the Payouts Transaction, or complete the Payouts Transaction in multiple transactions. If that Payouts Transaction still cannot be completed, Stripe will notify you.
- Transaction Limits. There may be limits on the number and value of Outbound Transactions that you can make from your Multi-currency Account, which, if applicable, are described on the Stripe Dashboard or otherwise separately communicated to you by Stripe. You may not initiate an Outbound Transaction that is greater than the Available Balance of your Multi-currency Account. Stripe in its discretion may allow Outbound Transactions that exceed applicable limits or temporarily reduce your limits from time to time without notice, unless the Multi-currency Regulatory Requirements require otherwise. Stripe may change the limits at any time, in its sole discretion.
- No Overdraft Features. There is no overdraft feature associated with your Multi-currency Account. If your Multi-currency Account has a negative balance, at Stripe’s request, you must transfer sufficient funds into the Multi-currency Account to render the balance positive.
4.2 Rejected Received Credits. You are responsible for all fees and costs associated with rejected Received Credits.
5. Multi-currency Custodial Account; FDIC Insurance.
SPC will hold the funds represented in a Multi-currency Account in a Multi-currency Custodial Account and will have control over those funds. Funds in a Multi-currency Custodial Account are expected to be eligible for pass-through FDIC Insurance, up to the then-current per depositor limit. FDIC Insurance coverage is contingent on determinations FDIC makes at the time the Multi-currency Treasury Bank goes into receivership or other form of insolvency. The FDIC Insurance per depositor limit applies to the aggregate of all funds that you have on deposit with the relevant Multi-currency Treasury Bank as beneficial owner, including all funds in another account with the Multi-currency Treasury Bank. FDIC Insurance applies only to funds that have settled in a Multi-currency Account and does not apply to funds that are provisionally credited to a Multi-currency Account or that are pending but not yet settled.
6. Compliance with ERISA.
You represent on the date you first use the Multi-currency Account Services, and warrant at all times during your use of the Multi-currency Account Services, that you do not lend funds to your Multi-currency Account or otherwise deliver property to Stripe on behalf of:
- a. an “employee benefit plan” within the meaning of Section 3(3) of ERISA;
- b. a “plan” within the meaning of Section 4975(e)(1) of the IRS Code;
- c. an entity whose underlying assets constitute “plan assets” subject to Title I of ERISA or Section 4974 of the IRS Code by reason of Section 3(42) of ERISA, U.S. Department of Labor Regulation 29 C.F.R. Section 25.10.3-101 or otherwise; or
- d. a “governmental plan” (as defined in ERISA or the IRS Code) or another type of plan (or an entity whose assets are considered to include the assets of a governmental plan or other plan) that is subject to any Law or restriction that is substantively similar or of similar effect to Section 406 of ERISA or Section 4975 of the IRS Code.
7. Taxes and Currency Conversion.
7.1 Taxes.
You are responsible for the payment or withholding of any applicable Taxes and the completion of any Tax reporting for yourself and on behalf of your Recipient, if required, in connection with the Multi-currency Account Services.
7.2 Currency Conversion.
If a requested Payouts Transaction requires a currency conversion, then the exchange rate used for such conversion will be determined as stated in the Documentation. Where currency conversion is part of a Payouts Transaction, any quoted payout amounts and associated fees are estimates, and may fluctuate based on changes in the exchange rate that applies when the currency conversion takes place.
8. Privacy and Data Use.
8.1 Permitted Uses.
You authorize Stripe and its Affiliates to share, unless prohibited by the Multi-currency Regulatory Requirements, information, including Personal Data, about you, your Multi-currency Account, Recipients, and Payouts Transactions, with third parties (including our Financial Partners) (a) to open the Multi-currency Account and complete Payouts Transactions; (b) for the provisioning of VBANs; (c) in connection with investigating any claim you make; (d) to comply with Multi-currency Regulatory Requirements; (e) to comply with an arbitration order; or (f) as otherwise disclosed or permitted by these Multi-currency Account Preview Terms, Stripe’s Privacy Policy, or the Agreement.
8.2 Privacy Policies.
You must include, in any applicable contracts between you and your Recipients, a link to Stripe’s Privacy Policy (available at https://stripe.com/us/privacy), and state that you use Stripe as your payment services provider and that Stripe processes Recipients’ data in accordance with its Privacy Policy.
9. Representations and Warranties.
You represent on the date you first use the Multi-currency Account Services, and warrant at all times during your use of the Multi-currency Account Services, that:
- a. you do not use the Multi-currency Account to send any payment to any bank or financial institution account outside of the Payouts Recipient Territory or to receive any payment from any account located outside the Multi-currency Account Territory; and
- b. your use of the Multi-currency Account Services and performance of your obligations under these Multi-currency Account Preview Terms comply with all Multi-currency Regulatory Requirements.
10 Disclaimers
10.1 Availability.
Stripe does not offer service levels for the Multi-currency Account Services.
10.2 Reliance.
Your reliance on the Multi-currency Account Services is at your own risk. Stripe is not liable for any losses, damages, or costs arising out of or relating to the accuracy (or inaccuracy) of the Multi-currency Account Services, and any actions that you may take based on the Multi-currency Account Services. You acknowledge that Payouts Transactions may be sent to the wrong account if you provide Stripe with inaccurate or incomplete information (including due to compromise or fraud).
10.3 General Disclaimer.
Stripe provides the Multi-currency Account Services “AS IS” and “AS AVAILABLE”. To the maximum extent permitted by Law, Stripe does not make any, and expressly disclaims all, express and implied warranties and statutory guarantees with respect to its performance under this Agreement, the Multi-currency Account Services, Financial Partners, and the Documentation, including as related to availability, the implied warranties of fitness for a particular purpose, merchantability and non-infringement, and the implied warranties arising out of any course of dealing, course of performance or usage in trade.
11. Term and Termination
These Multi-currency Account Preview Terms will apply until the first to occur of (a) Stripe making the Multi-currency Account Services generally available to all Stripe users in the Multi-currency Account Territory; (b) Stripe notifying you that it will stop offering the Multi-currency Account Services to you (which Stripe may decide to do at any time, in its discretion); (c) you ceasing to use the Multi-currency Account Services in accordance with these Multi-currency Account Preview Terms; or (d) termination of the Agreement. If Stripe makes the Multi-currency Account Services generally available to all Stripe users in the Multi-currency Account Territory, your continued use of Multi-currency Account Services will be subject to terms and Fees that Stripe may specify at that time.
12. Definitions.
As used in these Terms, the following terms have the meanings specified below:
“Agreement” means the Stripe services agreement between you and Stripe, located at www.stripe.com/us/legal/ssa, or other written agreement with Stripe or its Affiliate governing your use of the Services, including all terms applicable to the Stripe Payments Services.
“Available Balance” means the amount of funds available in the Multi-currency Account.
“Balance Transfer” means a transfer from your own Stripe Account, to your Multi-currency Account, in accordance with the Multi-currency Account Preview Terms.
“Cross-Border Payout” means an Outbound Payment that is sent to a Recipient located in a Payouts Recipient Territory that is not the Multi-currency Account Territory.
“Inbound Transaction” means any Received Credit, Balance Transfer, or any other entry or transaction that increases the Available Balance, that Stripe may permit from time to time, in its discretion.
“Outbound Payment” means a payment from the Multi-currency Account to a Recipient.
“Outbound Transaction” means an Outbound Payment, Outbound Transfer, or any other entry or transaction that subtracts from the Available Balance that Stripe may permit from time to time in its sole discretion.
“Outbound Transfer” means a transfer from the Multi-currency Account to your own external US-domiciled bank or other US-domiciled financial institution account.
“Multi-currency Account” means the money transmission account that Stripe provides to you as part of the Multi-currency Account ServicesGlobal Payouts Services.
“Multi-currency Account Services” means the Preview Services that enable you to (a) access a Multi-currency Account; (b) fund a Multi-currency Account with a Received Credit; (c) fund a Multi-currency Account with a Balance Transfer; (d) initiate an Outbound Transaction; and (e) engage in other permitted Payouts Transactions; as further described in the Documentation.
“Multi-currency Account Territory” means the United States and its territories and protectorates (excluding the Northern Mariana Islands, US Virgin Islands, and Guam).
“Multi-currency Custodial Account” means a custodial account that SPC maintains, in its name, at the Multi-currency Treasury Bank, for the benefit of all accountholders using the Multi-currency Account Services.
“Multi-currency Regulatory Requirement” means Law and the rules of the Payouts Transfer Networks.
“Multi-currency Treasury Bank” means a bank at which Stripe maintains User funds in connection with the Multi-currency Account Services.
“Payouts Hold” means a restriction on the availability of funds in a Multi-currency Account or on your ability to effect a Payouts Transaction that Stripe places as a result of delayed funds availability, Legal Process, or other reason.
“Payouts Recipient Territory” means the United States, and any other territories Stripe may make available from time to time for Outbound Payments or other permitted payout or transfer Payouts Transactions as separately communicated to you.
“Payouts Transfer Network” means the electronic funds transfer networks the Multi-currency Account Services use, including the ACH Network and Card Network.
“Payouts Transaction” means an Inbound Transaction or an Outbound Transaction.
“Payouts Transaction Delay” means a delay of a Payouts Transaction caused by (a) the unavailability of, or delay by, a Financial Partner (including a Card Network or clearing network), Governmental Authority, telecommunications provider, or internet service provider, including as a result of a Financial Partner’s default, insolvency, or bankruptcy; (b) incorrect information, such as a bank account number, provided to Stripe; (c) your equipment, software, or other technology; (d) a Force Majeure Event; (e) fraud or sanction screening required or requested by Stripe, its Financial Partners, or recipient banks; or (f) the recipient bank not being directly integrated with the clearing system used by Stripe or the type of recipient bank account not being supported by Stripe (e.g. a savings account, money market or investment account, multi-currency account, or foreign or correspondent account).
“Received Credit” means the funds added to a Multi-currency Account in a Supported Currency from an external US-domiciled bank account via the ACH, domestic wire, or other supported funding methods.
“Recipient” means a third party located in the Payouts Recipient Territory to which Stripe enables you to initiate Outbound Payments or other permitted Payouts Transactions for payouts via the Multi-currency Account Services.
“Stripe Services Agreement” means the agreement available at https://stripe.com/us/legal/ssa.
“Supported Currency” means USD and any other currency supported under the Multi-currency Account Services as communicated to you by Stripe.
“VBAN” means the virtual account number associated with your Multi-currency Account that is provisioned by a Multi-currency Treasury Bank. A VBAN is not an account with a Multi-currency Treasury Bank.