fintechdev

[warped sleet]

What's the question

[runic chasm]

so i want to create a system where user can create wallet in stripe and send each other money
is it possible?

[warped sleet]

Depends what you mean by wallet?

Also, how do you intend facilitating moving funds?

Any entity party to transferring funds would need to be onboarded and verified as a Stripe account. So you'd be looking at using Connect: https://stripe.com/docs/connect

[runic chasm]

wallet means like user can transfer money from card to wallet and then use that wallet to pay bills and send money to other wallets

so does stripe provide this kind of service?

[warped sleet]

In some capacity, maybe. But it'd be something you'd need to build entirely yourself

[runic chasm]

ok so can you please explain more on this service
https://stripe.com/docs/payments/wallets

how this will work basically?

[warped sleet]

That doc refers to wallet based payment methods, like Apple Pay. Not related to what you're describing

[runic chasm]

okk so it will not work as in-app wallet
right?

[warped sleet]

Correct

[runic chasm]

ok thank you

[warped sleet]

As explained, you'd need to build a system yourself that leverages Connect where your 'users' are verified Stripe accounts that are connected to your platform that facilitates the movement of funds between the wallets

[runic chasm]

ok
according to my business requirement,
each user will connect with stripe and
they can store money in stripe individually
and they can spend the money wherever they want

what i mean by this
does stripe have a service like holding a money like wallet?

[warped sleet]

It's generally not possible to use Stripe as a mechanism to store funds like that