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Stripe does support marketplaces (https://stripe.com/connect https://stripe.com/connect), but with a somewhat different model. Stripe Connect works by having e
by amfeng 14y ago
Stripe does support marketplaces (https://stripe.com/connect https://stripe.com/connect), but with a somewhat different model.
Stripe Connect works by having each of your users connect their existing Stripe accounts to your application, or having them create a new one on the spot. It allows you to distance yourself from the flow of funds: the money will automatically route to your users' bank accounts (you can take a cut of it, if you want) and you don't have to worry about any chargeback/fraud liability.
This obviously doesn't cover all cases — for example, if you want to manage the flow of money manually, or you want to escrow funds.
(Disclaimer: I work on Connect at Stripe.)
- whit537 14y agoThanks, amfeng. Does the chargeback liability hit end merchants, or is that absorbed by Stripe? With Balanced, Gittip is responsible for it, and can choose whether to pass that along.
- amfeng 14y agoIt hits the end merchants, since they're technically the merchant who is charging the credit card. In cases where the marketplace wants to act purely as a platform (and not be involved in with the money in any way), this is perfect. You're exactly right that Stripe Connect isn't for the use case where you'd want to shield your users from that, though. (: