#shawon3719
1 messages · Page 1 of 1 (latest)
hi! generally that's not something that's done, what's the use case for connecting to the existing account, what would you be doing with it?
As a platform owner, I facilitate the sales of packages by multiple sellers. Buyers make purchases via my website and payments are processed through my platform account. Afterwards, I transfer the funds to the relevant connected accounts. To do this, I require the buyer's connected account ID in the format of 'acct_XXXXXXX'. Currently, this works when a buyer creates a new connected account during the onboarding process with Stripe. However, I need to implement a way for buyers with existing Stripe accounts to connect them to my platform.
Are you using standard accounts?
express
A single Express account can't be tied to multiple platforms unfortunately
You'd create an account via the API and onboard them via Account Links
think I am a buyer in the mentioned scenario and I have a stripe account. So I can't connect my account to the platform account I'm selling my packages? Do I have to create another stripe account?
It works in this case - https://prnt.sc/p-j3bXt_8Wz1
So it should work for existing acc too. Make sense?
Not for Express accounts I'm afraid
You need to create and onboard them: https://stripe.com/docs/connect/express-accounts
For standard it's slightly different. You'd create them a new acct_xxx ID via the API, and then onboard them via an Account Link. They can authenticate there with their existing Stripe credentials.
Do you mean that one should create multiple accounts for multiple platforms? :/ That's insane.
As the platform? Yes, you need to create 1 account per customer, per platform
If standard accounts, and they have a Stripe account already, then they can tie those accounts together under that single Stripe account
🤨
got it
So should I convert to standard then?
what I'll get or what I'll loose by converting from Express to Standard?
Depends on other considerations and your business needs. The differences are outlined here: https://stripe.com/docs/connect/accounts
I recommend reading the doc above to understand the differences in account types, how money flows between them, and any potential implications on your business/product.
If I convert to Standard, May I be able to connect the existing account to the platform without the onboarding process?
No, you still need to onboard them
But you can leverage their verification data from existing accounts to reduce friction: https://support.stripe.com/questions/legal-entity-sharing
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Is there any method to retrieve the Stripe Account ID using the client's email address?
I mean "acct_XXXXXXXXXX"
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only via email
it shows I need to pass acct ID but I want to get that ID via email
There must be a way to do so. I saw some platforms connect existing acc to their platform acc. I need to know how!
let me record a video on that
No, that's not possible
👋 taking over for my colleague. Let me know if there's any follow-up Qs I can answer!