First of all, you need to have properly configured the regular Stripe Extension.
1. Now in the Stripe Site, you need to get the Stripe Connect Keys
2. In this step, you add information in "ADD URI"
3. And Paste in the Stripe Connect Settings Section
1. Go to the store you want to add the Stripe Connect payment and Click on the Payment Methods, activate and click on more in the Stripe Connect payment.
2. Then just click on the Connect With Stripe Button, after successfully connect your business account you can configure the fees in these fields:
This is the fee that goes to the master account in each purchase.
And that's all, now you have your Stripe Connect ready to work.
What kind of account type integration was used?
Response: There are a variety of ways to integrate Connect. Depending on who’s getting paid out, the way Ordering is integrated with stripe connect is with the Standard way. For platforms supporting independent businesses that benefit from having a full Stripe account, such as an e-commerce platform. Standard lets you connect your platform to new or existing Stripe accounts, using Stripe’s dashboard and onboarding flows. It’s the best option if your sellers need the power and flexibility provided by the full Stripe dashboard. Such sellers are typically individuals or businesses who are savvy with online commerce. More information on https://stripe.com/connect/account-types and https://stripe.com/docs/connect/standard-accounts
What are the benefits of standard accounts integration?
- With this kind of flow, the stripe connects integration works in +25 countries.
- With this integration, each business is responsible for its stripe account, and stripe takes all the hustle to validate each business account.
- If there are any refunds or disputes, each business is responsible to submit evidence to stripe.
- Your Stripe account as a platform can save all the credit cards from all the customers, it doesn't matter to which business they will order, they will be able to access their saved credit cards and proceed with the purchase.
- Based on any setup that you do on the stripe connect settings for your business https://d.pr/i/dBaqLQ you will receive automatically your application fees like this https://d.pr/i/O7tswS
Have a Happy Ordering