#djkriskareyes-bank-account

1 messages · Page 1 of 1 (latest)

rugged quail
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Are you talking about adding a bank account as a payment method for a Customer? Or are you talking about something else?

frail kiln
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Adding a bank account as payout method

rugged quail
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Is this for a standalone stripe account, or for a connect account?

frail kiln
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For a standalone Stripe account

rugged quail
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Gotcha - for a standalone account you can have only one payout bank account per-currency, but you can have bank accounts for different currencies (for example, you can have a USD bank account and a GBP bank account)

frail kiln
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Got it. Thank you for your help!

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By the way, what's a connect account?

rugged quail
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Connect is a separate stripe feature that allows you to collect payments for marketplaces where multiple accounts are involved (see https://stripe.com/en-no/connect)

frail kiln
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Thanks. Can you also send me a link where it explains what a standalone account is?

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Is it also called "Standard" account?

rugged quail
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There isn't a specific link that talks about what a standalone account is - if you're not using Connect in any way and are integrating with Stripe directly then you'd be using a standalone account

frail kiln
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Ok thank you so much!

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Sorry, just another one. If I integrate Stripe to our Wix website, will my standalone account be eligible to switch to a connect account?

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Or have a multiple payout method?

rugged quail
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I need to head out, but @amber bough is around and can answer your follow up questions!

amber bough
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Unfortunately you won't be able to switch, Standard and Connect accounts are two separate things. A connect account is an account type that a platform makes for each person that wants to connect to it and it is only really tied to that platform.

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You may find it useful to reach out to support about multiple payout methods here. This server is more for coding questions. Unfortunately I don't know of a way for your Standard account to do this but if you describe your situation to support we may have a workaround or another way to address your requirements here. https://support.stripe.com/?contact=true

frail kiln
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Ok thank you for your help! Appreciate it!