#theswerd - SC&T
1 messages · Page 1 of 1 (latest)
So lot of context here
this was a conversation i had yesterday
he said this #1014016855234576455 message
im confused however, because this diagram shows them going into my account:
Okay but I"m not going to review all of that. Can you please summarize your question and what about this is confusing you.
he said that the money in this model would not ever hit my bank account
how do i make sure it never hits my bank account?
and what is the difference between my "Platform Account" and "Bank Account"
Which of the Stripe Accounts in this diagram are you?
I am the platform account
The funds in this diagram are all sent to Stripe accounts. You then receive payouts from your Stripe Account to your bank account.
here's the conundrum im having
and you may not be the right person to ask
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?
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.