#.saberkhan
1 messages · Page 1 of 1 (latest)
It's basically just indicating whether this account has provided enough of it's requirements so that it can make live charges
Are we talking credit card charge?
Yes, but not just credit card charges - basically any payment (with any payment type)
So if Boolean value is TRUE, what does it mean for the owner of the connected accounts?
It means that payments can be made for that account
As a platform owner, I need to transfer fund from Stripe account to the connected account. So in this case Boolean value should be "TRUE". Am I correct?
Transfers are not the same as charges - you need to be sure that you're requesting the transfers capability and that it's active
I'd recommend reading this (https://stripe.com/docs/connect/account-capabilities)
Will you give me an example of live charges if the Boolean value is TRUE? Thank you!
Let's back up - what are you actually trying to do? Are you implemting charges/payments for your connected accounts for the first time?
We are creating a connected account for the customer, and as a owner of the platform, I want to make sure that customer cannot use the connected account to move money from the Stripe platform account.
Gotcha - so charges wouldn't take money oult of the platform account either. Connected accounts by themselves have no ability to pull funds from your platform. Transfers would have to be initiated by you (as the platform) to move funds from the platform -> to the connected account
Thank you!