bkrnetic

[dire needle]

Hi! Let me help you with this.

By buyer and seller you mean Platform and Connected account? Who is who in your case?

In any case, no, only one party hosts the created objects, which one exactly depends on your integration.

[fluid drum]

Our system idea is based on escrow system where both customer and seller have an application account and can buy/sell the product. We plan to use Stripe Connect to implement that.

E.g. buyer John buys a product from seller Toni. They are both users in our app. Once an item arrives to John, we (app owner) release the funds to Toni.

[dire needle]

In Stripe Connect context, only the seller will need a Stripe account. I guess in your case one person can be the buyer and seller. However, when a person acts as a buyer they will act as a Customer on Stripe (don't need an account). You act as a Connect Platform.

You can see the overview here: https://stripe.com/docs/connect/accounts

[fluid drum]

Ok I understand. So if at one point Toni decides to buy something, he will have both Stripe account and customer object?

Cool, so it is possible to create Stripe account for Connect purposes via integration in our app?

[dire needle]

They don't need a Stripe account to buy. Setting up a Stripe account requires uploading some legal info, which is a longer process.

[dire needle]

Yes.

[fluid drum]

Ok now everything is clear, thanks.

[dire needle]

Happy to help!