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It supports substantially more complicated movements of money. Stripe Connect is basically "Bring your own Stripe account. We handle the API integration for y
by patio11 13y ago
It supports substantially more complicated movements of money. Stripe Connect is basically "Bring your own Stripe account. We handle the API integration for you." This lets you do things like (hypothetical case for Airbnb-clone) "Pay the room lister 90% of the amount charged 5 days after the later of 'satisfactory feedback received from renter' or '10 days after checkout'. Then, pay us our 10% fee for enabling the transaction."
Bonus: with this, the lister doesn't need a Stripe account and will perceive all of their interactions with money being handled by you or their bank. This means you don't have to, as a part of making the sale to them to list their room, convince them "You should really open a Stripe account."