One question that came up when browsing thru the api doc. What are the advantages of "Charging through the platform" vs "Charging directly"?
Stripe Connect v2
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Re: Stripe Connect v2
#12Earlier quoted context omitted.
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
Doesn't appear down for me.
Re: Stripe Connect v2
#13Does 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
> In our defense, they keep adding new EU countries.
Best progress response I've seen.
Re: Stripe Connect v2
#14I mean god damn stripe has some great front-end engineers.
+100.
It looks modern yet very readable thanks to great typography. Loads fast. Fully usable on mobile as well. E.g. Gets a hamburger menu on Mobile. The featured client animation is simpler. The spinning globe icon is replaced by a static image. They have absolutely top notch front end engineering talent.
This is in huge contrast to the current trend where they want to hijack browser's scrolling behavior for absolutely no gain to the end user.
Re: Stripe Connect v2
#15One question that came up when browsing thru the api doc. What are the advantages of "Charging through the platform" vs "Charging directly"?
Charging through the platform has you pay all of the fees and take on chargeback liability, whereas charging directly passed those on to the managed account. This also affects the default statement descriptor and contact info on statements.
Re: Stripe Connect v2
#16In retrospect, the global P2P marketplace that we've launched in 2010 on top of PayPal's API may have been 5 years too soon. Requiring all our buyers and sellers to have a PayPal account was detrimental to our brand. But, we concluded that we "didn't want to be in the nasty business of dealing with fraud, ID verification and international payments" so it made sense back then to leave that up to PayPal. But I would have given anything for a white label solution such as Stripe Connect. Also makes me wonder why PayPal wasn't able to come up with this in 5 freaking years. The technology, the platform and ecosystem was clearly there, just not the insight.
Re: Stripe Connect v2
#17Did you just merge "Connect" and "Marketplaces" so that there is no "Marketplaces" anymore? I saw that stripe.com/marketplaces is a redirect to stripe.com/connect
Re: Stripe Connect v2
#18Does 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
If it helps, they seem to also be on the brink of losing some. Congrats on the launch!
Re: Stripe Connect v2
#19Did you just merge "Connect" and "Marketplaces" so that there is no "Marketplaces" anymore? I saw that stripe.com/marketplaces is a redirect to stripe.com/connect
Yes, they're the one product now. We didn't want divergent products for similar use cases. One feature we think is neat is you can mix-and-match standalone accounts (where the seller uses a regular Stripe account) and managed accounts (where the seller never goes to Stripe).
Re: Stripe Connect v2
#20One question that came up when browsing thru the api doc. What are the advantages of "Charging through the platform" vs "Charging directly"?
Charging through the platform has you pay all of the fees and take on chargeback liability, whereas charging directly passed those on to the managed account. This also affects the default statement descriptor and contact info on statements.
Hmm correct me if i'm wrong, but it doesn't seem like it would be that advantageous to take on the chargeback liability just for the statement description unless 'charging thru the platform' also provides a escrow system for the safety of the buyer.