#theswerd - SC&T

1 messages · Page 1 of 1 (latest)

half oriole
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HI 👋
What questions do you have?

stuck bay
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So lot of context here

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this was a conversation i had yesterday

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im confused however, because this diagram shows them going into my account:

half oriole
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Okay but I"m not going to review all of that. Can you please summarize your question and what about this is confusing you.

stuck bay
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he said that the money in this model would not ever hit my bank account

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how do i make sure it never hits my bank account?

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and what is the difference between my "Platform Account" and "Bank Account"

half oriole
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Which of the Stripe Accounts in this diagram are you?

stuck bay
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I am the platform account

half oriole
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The funds in this diagram are all sent to Stripe accounts. You then receive payouts from your Stripe Account to your bank account.

stuck bay
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here's the conundrum im having

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and you may not be the right person to ask

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my legal team has explicitly prohibited me from accepting money into my bank account that is then going to connected accounts. It has to go directly to them. Does this model work for that?

half oriole
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Yes. Because the funds are transferred from your Stripe account to the Connect Accounts' Stripe accounts. No banks are involved until the funds get paid out.

stuck bay
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Thank you so much

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One more question

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if the charges are disputed, do they automatically get pulled back from the connected accounts that i transfered the money to, or from my account?