Stripe Connect v2

Does this require people who want to be paid to sign up for accounts on stripe? Or can the application initiate bank transfers to the seller, on behalf of the buyer or from escrow.

Re: Stripe Connect v2

#5

Post by collision » Mon, Mar 23, 2015, 4:51 PM UTC

BradRuderman wrote: post #4

Does this require people who want to be paid to sign up for accounts on stripe? Or can the application initiate bank transfers to the seller, on behalf of the buyer or from escrow.

You have two options: you can have sellers link a Stripe account (and we'll do all the downstream work, like collecting their bank account info and verifying their identity). Or you can create a managed account via API, where the seller does everything from within your app and never needs to go to Stripe.

Re: Stripe Connect v2

#6

Post by higherpurpose » Mon, Mar 23, 2015, 4:52 PM UTC

Does Stripe support all the EU countries yet?

Re: Stripe Connect v2

#7

Post by tnorthcutt » Mon, Mar 23, 2015, 4:53 PM UTC

collision wrote: post #5

BradRuderman wrote: post #4

Does this require people who want to be paid to sign up for accounts on stripe? Or can the application initiate bank transfers to the seller, on behalf of the buyer or from escrow.

You have two options: you can have sellers link a Stripe account (and we'll do all the downstream work, like collecting their bank account info and verifying their identity). Or you can create a managed account via API, where the seller does everything from within your app and never needs to go to Stripe.

Also of note:

Setting up managed accounts, including international accounts, ID verification, and 1099-Ks, costs just 0.5% of funds paid out.

Transfers to standalone accounts are free.

Re: Stripe Connect v2

#8

Post by collision » Mon, Mar 23, 2015, 4:55 PM UTC

higherpurpose wrote: post #6

Does Stripe support all the EU countries yet?

In our defense, they keep adding new EU countries. But no, we're not in all of them yet. We're in 13 EU countries, Norway, and Switzerland: https://stripe.com/global

Re: Stripe Connect v2

#9

Post by solaris999 » Mon, Mar 23, 2015, 4:57 PM UTC

khoury wrote: post #2

I mean god damn stripe has some great front-end engineers.

The only thing most of us were thinking, scrolling down that site. I definitely missed some text as my eyes glazed over...

Re: Stripe Connect v2

#10

Post by citizens » Mon, Mar 23, 2015, 5:02 PM UTC

collision wrote: post #5

BradRuderman wrote: post #4

Does this require people who want to be paid to sign up for accounts on stripe? Or can the application initiate bank transfers to the seller, on behalf of the buyer or from escrow.

You have two options: you can have sellers link a Stripe account (and we'll do all the downstream work, like collecting their bank account info and verifying their identity). Or you can create a managed account via API, where the seller does everything from within your app and never needs to go to Stripe.

Update: Works for me when I log out of Stripe. Nevermind.

The managed account page appears to be down: https://stripe.com/docs/connect/managed-accounts