#davste93

1 messages · Page 1 of 1 (latest)

empty plumeBOT
velvet mirage
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Yep, that is what Connect facilitates (multi-party payments)

whole flare
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Would you be able to tell me at a high level the simplest approach - for example, can I create a stripe Checkout Session that would do multi-party payments?

velvet mirage
whole flare
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Thank you! What would it look like for merchants on the platform? Would they need to connect a bank account / stripe account / card?

velvet mirage
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You need to first take a step back and understand the available account types (https://stripe.com/docs/connect/accounts) and how the accounts (seller in your example) is created and connected to your platform (the marketplace): https://stripe.com/docs/connect/standard-accounts

Choose your account type

Learn more about the different types of Stripe accounts you can use with Connect.

Using Connect with Standard accounts

Integrate with Standard accounts to get started using Connect right away, and let Stripe handle the majority of the user experience and user communication.

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Account type is important is it'll affect flow of funds, payment liability, etc

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An external account for them to receive their funds to is normally collected from them during onboarding

whole flare
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Thank you, looking into this now, that's very helpful.

Is there a stripe-hosted merchant onboarding or is it API based?

velvet mirage
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There's a couple of required API calls to get to that (create an Account, create the Account Link)

whole flare
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Are merchants able to complete onboarding without attaching a payment method? If so, is there a way to force them to attach a payment method?

velvet mirage
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What do you mean by 'payment method'? What are they paying for?

whole flare
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Oops, sorry. I meant attach an associated bank account to withdraw their balance. Or would they otherwise sit in their stripe account?

velvet mirage
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That is generally required during onboarding I believe yes

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Easy enough for you to test

whole flare
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Is there a way for the owner of the platform to configure application_fee_percent globally via the Stripe admin dashboard, or should we pass it with each checkout session created?

velvet mirage
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Per session/payment

whole flare
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thank you so much for the quick rundown, have a much better idea now

velvet mirage
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np