#timdab-connect
floral lantern
Hello! This doc has a great breakdown of the differences between the three account types: https://stripe.com/docs/connect/accounts
winged rune
Thanks - looking at the table the only difference specified is the Fraud and dispute liability and the User can access dashboard and the costs are higher for the Express account
coral scarab
Speaking as an API user, My summary of the various experiences are: With Standard accounts, the connected account is a full-fledged, independent account which you form effectively a temporary, white-label relationship with for specifically handling payments. The Standard Connect Account is fully financially responsible for the money flows. With the Express accounts your platform is generally (but not always) ultimately responsible for the flows (so you accept refund & chargeback responsibilities), the client has a limited view into Stripe's existence as the payment processor (Uber, DoorDash and such tend to use this). With Custom accounts, the connected accounts are completely isolated from Stripe, but you become much more responsible for AML and KYC issues. Both Express and Custom have paths to split payments from one customer to multiple clients/vendors.
winged rune
Are there any functional differences between the accounts, ie Standard accounts are not allowed to do xyz over express
coral scarab
(exceptions exist to almost all of this, but it is the high-level-view)
floral lantern
There's a number of functional differences - like Express accounts have access to a more limited dashbaord that doesn't have the same functionality as the full dashboard that standard accounts have
An important thing to keep in mind here is also that depending on the funds flow you want that'll influence the type of accounts you should look into. For example, if you want to use Direct charges you should only be using Standard accounts
winged rune
Thanks - the flow we will be implementing will be a Creating separate charges and transfers flow with a many to many relationship between payments and payouts
floral lantern
Then you should definitely not be using Standard accounts
floral lantern
While it's technically possible to use standard accounts with separate charges and transfers, it adds a lot of complications. Things like liability get murky (because the standard accounts have no way of refunding themselves) so the platform is still responsible
winged rune
is that because the platform has more control over the express accounts ?
floral lantern
With Express accounts typically they're not interacting directly with Stripe - all interactions go through the platform