Stripe Connect It is a globally dominant solution for billing and platform payments that makes it easy to manage merchant billing, platform draws and compliance issues. This article explains Stripe Connect's account types, fee models, and complete process in detail to help you get ready for your platform business.

1. What is Stripe Connect?

Stripe Connect is Stripe A ledger and account management solution designed for platform-based businesses is offered. It can:

• Create separate accounts for merchants on the platform
• Automatic revenue distribution (merchant revenue, platform draw)
• Withholding of platform service fees
• Managing cross-border settlements and compliance issues

Scenarios for Stripe Connect

• E-commerce platforms (e.g. Shopee)
• Online education platform (splitting the bill for different teachers)
• SaaS Paid Membership Platform (Multi-Role Sharing)

2. Stripe Connect account types

Stripe Connect offers threeAccount Mode, applicable to different business needs.

2.1 Standard

• Merchants have a direct relationship with Stripe
• Merchants use their own Stripe Dashboard
• No need for platforms to manage KYC and settlements
• Applicable scenarios: the platform only facilitates transactions and does not participate in the flow of funds

2.2 Express

• Merchants have their own Stripe Dashboard (simplified)
• KYC is handled by Stripe, and the platform can view merchant revenue
• Scenario: E-commerce platforms that need fast integration and want Stripe to handle compliance

2.3 Custom

• Platforms have complete control over merchant experience and settlement
• Merchants do not have direct access to Stripe
• KYC managed by the platform (provided by Stripe) API Support)
• Scenario: Large platforms that require a fully branded experience and capital flow control

3. Stripe Connect's Fee Model

3.1 Basic costs

• Data sources:Stripe Connect Pricing Page

Account Type	Platform fees	transaction fee	instructions
Standard	free (of charge)	Merchants are responsible for their own standard transaction fees	Merchants tied to Stripe No additional costs for the platform
Express	$2 per active account per month	Plus per transaction Stripe Standard Handling Fee	Active accounts with collection or transfer activity during the month
Custom	$2 per active account per month	Plus per transaction Stripe Standard Handling Fee	Platforms have complete control over the user experience and money flow

3.2 Optional function costs

• Instant Payouts
• Currency Conversion (Currency Conversion Fee)

4. the complete process of realizing billing with Stripe Connect

4.1 The first step: register Stripe account and enable Connect

1. Login to Stripe Dashboard
2. Go to the left menu "Connect"
3. Follow the prompts to request that Stripe Connect be enabled

4.2 Step 2: Create Sub-Accounts

Take the Express account as an example:

• Generate OAuth Authorization Link

• Click on Authorization to send link

• Stripe Processing KYC Stripe completes merchant authentication and account activation in accordance with state compliance requirements.
• Get Merchant Account ID Once the authorization is complete, Stripe will send the merchant's Account ID Return to your platform for subsequent split operations.

4.3 Step 3: Create the Payment Intent and Split the Accounts

Users order and pay on the platform, and the back-end calls the Stripe API to create the Payment IntentThe

operating logic

• User pays → platform receives payment → Stripe automatically deducts the platform's share → remaining funds are transferred to the merchant's account

Sample Process

• Users place orders on the platform and select goods or services
• Backend call to Stripe API key

• Simulate the creation of a payment link

• Front end confirms payment and completes the order

4.4 Step 4: Merchant Withdrawal

For Express accounts, merchants can log into their Stripe Dashboard and configure their own bank account to withdraw to their personal or business account.

5. Frequently asked questions

5.1 Does Stripe Connect support global merchants?

Supported, but merchants need to sign up for accounts in Stripe-supported countries, some of which are not yet available.

5.2 Does the platform need to deal with tax and KYC?

Express and Standard accounts are KYC handled by Stripe, Custom accounts are handled by the platform itself, and tax liabilities are subject to consultation with a local tax advisor.

5.3 Can the platform change the draw rate at any time?

Yes, the draw amount is determined by the Payment Intent The application_fee_amount parameter in the

6. Summary

Stripe Connect A powerful bill splitting and account management solution for platform-based businesses. Read this article to get a full understanding of account types and chargeback models and the complete process of implementing chargebacks with Stripe Connect, as well as how it's actually used in a platform business and the operational highlights.

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