Multiple Stripe Accounts: Ultimate Guide to Managing Stripe for Multiple Businesses

If you run more than one business or manage multiple eCommerce stores, handling payments efficiently becomes crucial.

Stripe is one of the most popular payment processing platforms—and yes, you can create and manage multiple Stripe accounts.

In this guide, we’ll walk you through why and how to set up multiple Stripe accounts, common challenges, and how to manage all of them effortlessly using a tool like Putler.

Why invest in more than one Stripe account?

If one is confused and has no idea why to invest in more than one Stripe account, here is a quick list of key reasons for this.

Sorted tax and legal-related information

Paying taxes and adhering to key legal formalities are an integral part of running a business. However, when one business owner has multiple businesses to manage, taxation and legalities can be too confusing and cumbersome.

With multiple Stripe accounts, it’s easy to have one account and a unified tax ID for one business. This way, it’s easy for business owners to process taxes for different businesses with a unique tax ID. Data will be automatically fetched and processed.

Separate statement descriptor

With one account, it’s too confusing when it comes to creating business statements as data can be overlapped or missed. The confusion is too high when it comes to processing public business information. With multiple Stripe accounts, this confusion is eliminated, and statements are clear.

Accurate reporting

When you have multiple accounts with Stripe, accurate reporting is certain as data from different businesses are processed and analyzed at a separate level. For different businesses, different reports are created. This improves the business operations.

Quick and accurate bank payouts

Various Stripe accounts are useful when it comes to bank account payout. Every different account will have a different payout facility. This will sort out tons of things.

How to create multiple Stripe accounts?

Creating a multiple Stripe account is very simple. Even if you have a very basic understanding of Stripe accounts, you will be able to set up various Stripe accounts.

Steps to create multiple Stripe accounts:

• Log in to your Stripe Dashboard



• Click your business name in the upper left corner



• Select “+ New account”



Enter your business details



Activate the account by providing required information like your bank details, business type, etc.

That’s it! You can now switch between accounts via the dropdown in your Stripe Dashboard.

Advantages and Disadvantages of having multiple Stripe accounts

With Multiple Stripe accounts, a business owner has a chance to enjoy a wide range of benefits. The key advantages involved in this process are:

Advantages of having multiple Stripe accounts:

• Seamless Global Expansion: Use regional accounts to comply with local laws, taxes, currencies, and payment preferences.
• Reduced Risk: Isolate high-risk ventures—issues in one account won’t affect the rest.
• Cleaner Financials: Separate accounts keep finances organized by brand or project—simplifying tracking and reporting.
• Unified Access: Manage all accounts from one Stripe dashboard—no juggling logins.
• Fewer Errors: Clear separation means less confusion and fewer costly mistakes.

While it’s great to have multiple accounts with Stripe, it’s not always a great choice to make. There are a few disadvantages of this feature, such as

Disadvantages of having multiple Stripe accounts:

• Confusion: Having multiple accounts can be too confusing.
• Wrong information: Sometimes, information can get merged or overlapped. One customer says XYZ purchases were made from your ABC branch. But he actually made the transfer to another branch, say DEF. Though the transfer is made and one of your accounts should have received it, verifying and auditing the same for various purposes, e.g., accounting, is a bit tough.
• Duplicates: Data duplication is very common among multiple accounts.

Such situations can lead to erroneous operations. If data is not properly handled, misplaced, or overlapped, things can go south in no time.

How to monitor multiple Stripe accounts in a single place?

Now that we have clarified your doubts about ‘can you have multiple stripe accounts? Let me help you in enabling monitoring and managing them. Multiple Stripe account monitoring is possible in 2 ways:

Method 1: View one account at one time

Visit the Stripe Dashboard and select the account you want to monitor from the upper left corner. All your Stripe accounts will be displayed under the Dashboard section.

Now there are few challenges with this approach:

• You can view one account’s details at once, separately. You can’t see a comprehensive view of your transactions.
• You may even end up mixing details.
• Sending money through a different account
• Extracting/creating wrong reports

So to tackle these, here’s a second approach that allows you to view both separate as well as combined stats from all your Stripe accounts..

Method 2: Get both combined view of all accounts or separate view of individual accounts

Use an advanced Stripe reporting and analytics tool like Putler to view real-time aggregated reports or separate reports of all your Stripe accounts in one place. Not just Stripe, you can add various payment gateways, eCommerce stores, websites, etc, to Putler. Putler will collect data from multiple sources, clean and, analyze this data and provide you with detailed reports.

Here are some other gateways you can add within Putler –

How to manage multiple Stripe accounts easily from a single place (with Putler)

Businesses that wish to expand and grow will certainly have an assorted market presence. From the management point of view, managing the business data of various WooCommerce multiple Stripe accounts is tough. While Stripe tries its best to provide multiple account facilities, it could be too confusing.

For e-commerce businesses, Putler is no less than a boon, as multiple store management becomes easier than before. It eliminates the Stripe multiple account loopholes and makes things more sorted and result-driven effortlessly.

Learn about the key benefits that you will experience with Putler:

All your Stripe accounts in one place

Putler brings all your multiple Stripe accounts to one place. This makes a huge difference when it comes to multiple account management. When all the accounts are in a centralized place, data access is quick, and decisions are made accurately.

Refund, manage subscriptions, check balance directly from Putler

For multiple businesses, managing refunds, subscriptions, and balance tracking is a tough task. But Putler makes it possible. You can easily manage all these metrics for all of your businesses from a centralized place.

Quick search

Putler has an advanced search facility that helps you gather relevant data or customer information in no time.

In-depth analytics and insights

Even if reporting is a tough task, it’s non-negotiable as reporting and data analysis are an integral part of running a business. With Putler, it’s easy to create varied reports in the blink of an eye.

The best part of Putler-driven reporting is that it’s free from data duplication, missed entries, and other errors that can lead to massive operational failures.

Product and Customer insights

Handling data from multiple businesses is a tough task to handle. But, if you use Putler, gaining product and customer insights is not at all a tough task.

It fetches the customer details from various platforms and combines them. Different customer profiles are created for different businesses. This is a great step to take when it comes to having better customer management, as everything about a customer’s journey is at your fingertips.

Handles multiple time zones, currencies

If your businesses run in different time zones and accept payments from multiple currencies, then nothing can beat Putler as it automatically converts the currencies and modifies the time zones. It makes the reporting more accurate and easy to understand.

Over to you

Stripe makes it easy to run multiple businesses. But managing multiple Stripe accounts can be time-consuming and prone to errors—unless you have the right tools.

With Putler, you eliminate confusion and get a clear, accurate, and unified view of all your Stripe accounts (and other platforms too).

Whether you’re scaling fast, managing client accounts, or simply need clarity—Putler is the way to go.

FAQs

Can I have more than one Stripe account?
Yes, Stripe allows you to create and manage multiple accounts under one email address.

This is especially useful if you:

• Operate multiple businesses
• Want separate bank accounts for each business
• Need distinct branding (statement descriptors) on customer receipts
• Require separate reporting and accounting for each entity

Can I create multiple Stripe accounts with the same email?
Yes, Stripe allows you to create multiple accounts under one email, facilitating the management of different businesses or projects.

Is it possible to have separate bank accounts for each Stripe account?
Yes, each Stripe account can be linked to a different bank account, ensuring funds are appropriately segregated.

How do I switch between multiple Stripe accounts?
In the Stripe Dashboard, click on your account name in the upper -left corner and select the desired account from the drop-down menu.

Are there fees associated with creating multiple Stripe accounts?
Stripe doesn’t charge for creating additional accounts; fees are applied based on transactions processed per account.

Can I merge two Stripe accounts into one?
No, Stripe doesn’t support merging accounts; each must be managed separately.