durrell0786_best-practices

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[slim sky]

Hello there

[smoky ridge]

Hello

[slim sky]

Are you using Treasury here with Financial Accounts?

[smoky ridge]

I have in the past, but in this case we are not using Treasury.

[slim sky]

Then no, you can't pay out to a PaymentMethod unless it is set up for Treasury.

You would need to add an external account

[smoky ridge]

So, I would remove this when I create the AccountSession: features: { external_account_collection: false
and then that should make the ConnectAccountOnboarding component automatically render the form to create the financial connections account. Is that the recommended way to do it then?

[slim sky]

Yep

That would be the way to collect an external account during onboarding

[smoky ridge]

Our codebase is all designed around PaymentMethods from our Treasury integration. Adding a FinancialConnections Account object and then keeping it in sync with all these webhooks will be added scope to our project https://docs.stripe.com/api/events/types#event_types-financial_connections.account.created

You are sure we need to integrate with a FinancialConnections Account object now?

[slim sky]

You stated above you weren't doing that -- that is what Treasury involves: https://docs.stripe.com/treasury/account-management/financial-accounts

If you are setting up US Bank Account PaymentMethods associated with a Financial Account then you can payout to those Financial Accounts and you do not need to collect an external account

[smoky ridge]

In other words, we have a Treasury flow and we are building a separate flow where we don't use Treasury.

So for this flow where we don't use Treasury you are saying we can't use a PaymentMethod for the external_account.

[slim sky]

Correct

[smoky ridge]

We are thinking we could offer Treasury as an upgrade.

[slim sky]

In that case you would need to collect a normal external account

[smoky ridge]

ok. And a normal external account is FinancialConnections Account or are there other options? The FinancialConnections Account seems to be the default (recommended?) external account.

[slim sky]

Financial Connections is just a way to collect the external account. In this case it is just a Bank Account: https://docs.stripe.com/api/external_accounts

[smoky ridge]

ah ok. Thank you.

Would you say using financial connections is the recommended way to collect the external account?

[slim sky]

Well it is the only way if you are using Connect Onboarding.

But you could just collect the external account yourself up front if you so desired.

Mostly I wouldn't read into that statement too much.