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Stripe Platform

What is Stripe​

Stripe is a leading payment gateway service provider that facilitates online transactions for businesses.

Key features:

  • Payment processing
  • Subscription management
  • Invoicing
  • Fraud prevention
  • Analytics and reporting

Stripe Accounts​

  • Platform account
  • Connected account
  • Test account

Platform Account​

In Stripe Connect, a platform account refers to the main Stripe account that manages and controls connected accounts. Here are some key points about platform accounts:

  • A platform account is used to create and manage connected accounts for businesses or individuals that sign up to access your platform's services.
  • Platform accounts can request different capabilities for connected accounts, such as accepting card payments or receiving transferred funds.
  • Platform accounts can control various aspects of connected accounts, including:
    • Onboarding and identity verification processes
    • Charge types (direct, destination, or separate charges and transfers)
    • Payout settings
    • Access to Stripe Dashboard features

Connect Account​

A Connect account, also known as a connected account, is a Stripe account that is linked to and managed by a platform using Stripe Connect. Here are the key points about Connect accounts:

  • Connected accounts represent individual businesses or sellers on your platform. They allow these businesses to accept payments through your platform.
  • There are different types of connected accounts:
    • Standard: Full Stripe accounts with their own dashboard, connected account handles fraud/disputes
    • Express: Lighter accounts with a simplified dashboard, platform handles fraud/disputes
    • Custom: Fully white-labeled accounts without direct Stripe access, platform handles fraud/disputes
  • Connected accounts can have various capabilities, such as accepting payments or handling payouts and Connected accounts have their own balance, separate from the platform's balance.