Lubardo-multiparty-payments | Stripe Developers | Page 1

undone violet Jun 6, 2022, 11:33 AM

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Hey, yep your users would need to have a Stripe account in order for them to payout to an external account

heady brook Jun 6, 2022, 11:35 AM

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Thanks for your answer. @undone violet

However, when I setup Stripe connect it asks me which type of business they are, what is their business website, etc. Doesn't that seem odd as they are just users (i.e. investors) ? I just don't want to build something which is not compliant with stripe policies

undone violet Jun 6, 2022, 11:37 AM

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Unfortunately it's a requirement for any parties who are receiving/paying out a balance from Stripe be verified and approved

heady brook Jun 6, 2022, 11:38 AM

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Alright. Maybe I might better manually send them their money from our bank account when they want to cash out their balance.. What do you think ?

undone violet Jun 6, 2022, 11:40 AM

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That's one alternative yep

heady brook Jun 6, 2022, 11:42 AM

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Thanks for your help

#Lubardo-multiparty-payments