prakash

[sullen dock]

Hi 👋

No, Connect is the correct way to move funds to another entity within Stripe. In order for other parties to receive payments from us we need to collect the necessary KYC information for them.

[flint wedge]

Hi, Toby thank you for your reply.

I found collecting KYC information is a little hassle for the users. there are lots of information we need information from the user to make the transfer work

[deft socket]

👋 stepping in as toby needs to step away

You can't move funds without onboarding a Connected Account

That said, you can onboard them with minimal requirements if you only request the transfers capability for instance.

[flint wedge]

so it means I need to pass "transfers" as capability while onboarding accounts

[deft socket]

Are these accounts going to be in the same region as your platform?

Like both US-based? Or both EU-based?

[flint wedge]

yeah both are US-based

[deft socket]

Okay then yes

When you create the account you only want to request transfers for capabilities: https://stripe.com/docs/api/accounts/create#create_account-capabilities

[flint wedge]

so we need all this information right?

[deft socket]

Yes that is required. But really you just want to send your user through Connect Onboarding using an Account Link and we will collect it

If you have certain pieces of that information from your users already then you can pre-fill it on account creation as well

So they don't have to fill it in when onboarding

[flint wedge]

the problem is I do not want to user fill up all this information to make the transfer but I think that information is required

[deft socket]

Yes it is required due to the regulatory nature of moving money

[flint wedge]

ok got it now, thank you @deft socket for the quick replies