#caitlin-short_error

1 messages · Page 1 of 1 (latest)

burnt summitBOT
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true merlin
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Hi there

small nimbus
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ok thank you

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I have another question regarding stripe issuing. Should I create a new thread?

true merlin
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You can ask it here 🙂

small nimbus
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awesome!

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I wanted to ask about something that is creating a lot of duplicate work for our productions. We have production companies using our platform who have multiple productions/project running every month. The entity in a lot of cases is the same but we need to maintain different issuing balances for each project since the budgets are different. Is there any way the company can do the entity verification/onboarding once, instead of having to do it for every project? It's very tedious, and more importantly needs to be done by executives (due to confidential info like SSN) who are not very accessible.

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This is in regards to Stripe Issuing + Connect

true merlin
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Gotcha. Which connected account type are you working with?

small nimbus
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I am not sure what you mean?

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We are using connected accounts to issue cards

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Not with treasury

true merlin
small nimbus
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They create separate proejcts in our system and then right now we just create a new conected acccount for each project and then this way there is complete separate but they have to go through onboarding several times if they have a lot of separate projects.

Now for some productions this works as their entity information is different per production.

But others they have the same entity details

true merlin
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Do you know which one you use?

small nimbus
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I beleive i sent this

controller: {
      stripe_dashboard: {
        type: 'none',
      },
      fees: {
        payer: 'application',
      },
      losses: {
        payments: 'application',
      },
      requirement_collection: 'application',
    },
true merlin
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Okay, got it!

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No, it's not currently possible to re-use the same legal entity information across custom accounts automatically. The connected accounts will have to go through onboarding every time

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I suspect you're using Stripe-hosted onboarding?

small nimbus
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yes

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is it possible to create separation within a connected account

true merlin
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What do you mean by separation?

small nimbus
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so that I can have separate issuing balances, card holders but for one conencted account

true merlin
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Ah, gotcha. No, this isn't possible

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A connected account will have a single Issuing balance (which is different from their main balance) but cannot have multiple Issuing balances

small nimbus
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Ok I see.

  1. Can I set notifications per connected account for low balance?
  2. How can we as a platform add funds to an issuing balance for a connected account?
true merlin
small nimbus
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Ok thank you.

Sorry for all the questions - woudl this potentially solve my issues regarding the same entity onboarding

https://insiders.stripe.dev/t/introducing-v2-accounts-a-new-unified-identity-for-stripes-platform-users/2943

true merlin
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I'm not sure if this would allow a v2 Account to hold multiple Issuing balances

burnt summitBOT
true merlin
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You can sign up for private preview opt in if you're interested in testing out the new Account object and providing feedback on how this fits/doesn't fit your use case