The company has informed that European users, outside of the UK and Switzerland, will now be provided with payment services by its regulated Irish entity, rather than its UK one. Stripe users in the UK or Switzerland will continue to receive payment services from the UK entity.
The change will be implemented on 19 November 2020.
According to Stripe, the entity responsible for processing payments in Europe will switch to its Irish regulated entity, Stripe Technology Europe Limited, which is authorised as an electronic money institution regulated by the Central Bank of Ireland.
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