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Oh, I didn't notice that stripe doesn't do the merchant underwriting. That's a non starter for us.
by Kickmr 13y ago
Oh, I didn't notice that stripe doesn't do the merchant underwriting. That's a non starter for us.
- pc 13y agoHm? We absolutely do perform the underwriting ourselves.
- sjtgraham 13y agoTo clarify: Stripe underwrites you as the merchant. Balanced lets the API user underwrite anyone (yourself or someone else) as a merchant, allowing for example the operation of a marketplace, where each merchant has their own merchant account. Balanced allows you to underwrite an arbitrary number of merchants programmatically via API. Correct me if I am wrong, and I am sure pc will do if this is the case, but Stripe does not offer this functionality.
- collision 13y ago(I work at Stripe.) When you create a seller via the API, both Stripe and Balanced do the exact same thing: verify the identity of seller. You can run a marketplace on either. Edit: I'm using the words seller and recipient interchangeably: https://stripe.com/docs/api#update_recipient https://stripe.com/docs/api#update_recipient