#joshua1dg
gleaming nest
fluid blade
Hi, let me help you with this.
Sure, you could totally do Standard with Separate C&T. But are you sure you need standard accounts for your use case? What do you mean by "Since the business knows about running a business" exactly?
clear frost
I was watching the stripe connect youtube video playlist and I believe that was one of the rationale for when to use standard accounts
They would know how to deal with things like fraudulent payments and be able to take on that risk
But no, i'm not sure I need standard accounts, that's what im currently trying to figure out lol
I know standard accounts give access to a more complete dashboard, so I just figured it would be more suitable for a business to use
fluid blade
Sure, but you can also use Express if you just want to pay out money.
clear frost
i imagine id need similar functionality to something like airbnb, where the business (or in Airbnbs case: the host) can initiate refunds
I guess paying out money really is the main portion, to enable the business to intiate refunds, would I just need to incorporate a button somewhere and call an api of sorts?
its my first time using stripe
fluid blade
Exactly, you would allow them to initiate refunds from your Platform. Even with Standard accounts that would be the case because you use Transfers, and not direct charges.
clear frost
makes sense, and if I were to go the standard account route
the only real consideration is in deciding who takes on the financial risk when it comes to fraud and chargebacks?
*assuming that the user in question is comfortable with the full dashboard view and functionality
fluid blade
I don't know your business but it feels like it's better to take that burden off your customers.
clear frost
Understood, and you're likely correct - I just have a habit of really trying to understand how things work before I use them lol
If I would go that route, that's what it basically comes down to correct?
fluid blade
That's very good to do indeed.
What do you mean exactly?
that's what it basically comes down to correct
clear frost
Oh sorry, it was in reference to my earlier question:
if I were to go the standard account route
is the only real consideration is in deciding who takes on the financial risk when it comes to fraud and chargebacks?
*assuming that the user in question is comfortable with the full dashboard view and functionality
fluid blade
Yes
However, not in your case, again, if you do Transfers, the payments "live" on the Platform.
clear frost
right, which means that in order for a seller to initiate a refund we'd have to incorporate that functionality ourselves using one of stripes api endpoints if I understood correctly
since the payments live on a higher level than what the seller would have access to by default
fluid blade
Correct. So unless you want to do Direct charges, there's no benefit to using Standard instead of Express.
clear frost
GOT IT! Thank you!
You've been a great help, I hope you have a great day/night! 🙂