Marketplaces and platforms use Stripe Connect to accept money and pay out to third parties.
Connect provides a complete set of building blocks to support virtually any business model, including on-demand businesses, e‑commerce, crowdfunding, and travel and events.
Our dashboard lets support and operations teams view every stage of the user lifecycle: account history, verification, transfers, and more.
Easily track the flow of funds from a customer to a recipient, with full records of all transactions in Stripe—we provide the ledger. Optional application fees let you specify your earnings and Stripe nets everything out. In the U.S., Connect includes gross earnings tracking and automated 1099 form generation and delivery.
If you’re running a multi-sided marketplace or platform, there’s no doubt you’re wrestling with payments compliance issues involving money transmission, KYC, sanctions screening and tax reporting. Connect makes these burdens easier to manage by shifting card network rules compliance, AML, and other payment facilitator obligations to Stripe, letting you stay focused on your product and spend less time on compliance related tasks.
Under the hood, Connect is powered by secure credit card data tokenization to help you meet PCI obligations, monitoring and verification systems to help you with KYC needs and tax obligations, money transmission licenses in the U.S. and European e-money authorization.
|Categories||Networking > Virtual Network Functions|
Security > Security Management and Analytics
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