Siva_K_business | Stripe Developers | Page 1

glacial flame Jul 14, 2022, 5:41 AM

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hi there! If the country which your Stripe account is in supports the specific currency, you can add the bank account in that particular currency : https://stripe.com/docs/payouts#supported-accounts-and-settlement-currencies

Otherwise, you'll need to open a Stripe account in that particular country that supports that settlement currency. https://support.stripe.com/questions/requirements-to-open-a-stripe-account-in-another-country?locale=en-x-debug

distant steppe Jul 14, 2022, 5:49 AM

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Thank you for your response, in this case how do the API Keys work, I think those are different for each account right.
I'm sorry If I misunderstood.

glacial flame Jul 14, 2022, 5:50 AM

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yes, you'll need to use different API keys to make the API request to the respective accounts

distant steppe Jul 14, 2022, 5:51 AM

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Can't I use a single primary account and different region accounts and respective bank accounts attached to that so that I can use the API keys of Primary?

glacial flame Jul 14, 2022, 5:57 AM

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that's possible to some degree. What you're referring to is what we call Connect. You would need to create/connect the regional accounts to the main account. When making the API call for the regional account, you would use the platform's (main account) secret key, and define the connected account id (regional) in the StripeAccount header : https://stripe.com/docs/connect/authentication

distant steppe Jul 14, 2022, 5:59 AM

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With this Stripe can do the payouts to reginal bank accounts right.

glacial flame Jul 14, 2022, 5:59 AM

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just so you're aware, you would still need to create another Stripe account

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to make sure we're on the same page, can you give a few examples of regional bank accounts?

distant steppe Jul 14, 2022, 6:01 AM

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INDIA, CHINA, AUSTRALIA, CANADA, UK

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What we need is that the amount collected from each region customers should be a payout to respective region bank account

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to avoid the conversion fee for customers and business as well and Tax purpose

glacial flame Jul 14, 2022, 6:03 AM

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Stripe doesn't operate in China at the moment. You can open a Stripe account in the other countries listed though

distant steppe Jul 14, 2022, 6:05 AM

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So, if we want Stripe to do the payouts to region bank accounts, we must have a Stripe account for each region, which is not possible through Connect. right?

glacial flame Jul 14, 2022, 6:06 AM

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Connect is in essence a parent account, with many child accounts

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so what you're looking to do is possible through Connect

distant steppe Jul 14, 2022, 6:07 AM

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Ok, thank you for the information. How can I establish the Connect and create the child accounts?

glacial flame Jul 14, 2022, 6:19 AM

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you would want to go through this guide for a start : https://stripe.com/docs/connect/explore-connect-guide
Also, you'll likely want to use Standard Connect accounts : https://stripe.com/docs/connect/explore-connect-guide
and this guide for how to accept payments : https://stripe.com/docs/connect/enable-payment-acceptance-guide

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there's some repeat information in those guides i think

#Siva_K_business