I need a developer for Stripe our merchant and payment system-Connect Platform
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Magento|WordPress |Shopify|PHP|Zend|Laravel|Android|iOS|GUI Designing|SEO|React Native|Node.js|Angular.js
Gurgaon
PHP | WordPress | Laravel | Magento | Python | CI | HTML/CSS | SEO | JQUERY | CSS3 | JAVASCRIPT
Harrow
Customized Mobile apps | Website Design & Development | Digital Marketing |E-commerce Solutions
Ahmedabad
20047511850811231058137291416016091830340337583
Description
Experience Level: Intermediate
General information for the business: We sell hearing aids online for our website and mobile application
Description of requirements/functionality: This is our overview and response from Stripe team on what we need to do, please read the entiire email below and yyou should have a complete understanding of what I need done, I need this done ASAP for the best cost, it should be simple if you really know the system...
Hi Tyrone,
This is Adam here from Stripe. I'm stepping in while Meagan is out of the office. Hope that's okay.
As Meagan outlined, Connect would be a suitable product for your business model. Connect which helps facilitate a multi vendor business model. With Connect you are able to have your Stripe account, and then have your partner's Stripe accounts connected to yours. This way, you can take a commission fee from every transaction that occurs. If you would like to look into this a bit further, I've included a link that goes into more detail here:
https://stripe.com/connect
In regards to Stripes feature 'Connect', there are three types, there is Standard accounts, Custom accounts and Express accounts. However, as you mentioned you would prefer a whitelabel solution, then I would recommend Custom accounts.
Custom is a "Whitelabel" solution where you can completely customize your users' onboarding experience (including identity verification, support, and responsibility for chargebacks). With Custom, we act in the background and the user isn't aware that they have a Stripe account; they only interact with your platform. You can read more about this here:
https://stripe.com/docs/connect/custom-accounts
- A Custom Stripe account will be almost completely invisible to the account holder and you will be responsible for all interactions with your partners.
- The Platform (you) will handle all communication with it's users, rather than having your users contact Stripe directly. That includes identity verification, customer service, collecting evidence for chargebacks and disputes. You will be responsible for obtaining that information from the account holder and sending it back to Stripe.
- Your platform’s user cannot log into a Custom Stripe account, and we would not contact them directly.
- You have full control over the on-boarding process.
- Your partners may not know they have a Stripe account and you manage this on their behalf. Stripe do not contact your connected accounts or offer customer support. You will be responsible for this.
- Customizable branding of the Checkout.
- Control when transfers to your connected accounts take place up to a maximum 90 days
- You will be responsible for gathering and providing evidence to Stripe in the case of chargebacks and disputes of your connected accounts.
- Far more management of the connected accounts
You also mentioned that you would like to receive all funds and then distribute them among different partners. This can be done using our separate charges. You can read more about this here:
https://stripe.com/docs/connect/charges-transfers
This way the customer can pay the platform the $3,000 directly. Funds can be held in the platform Stripe account for a maximum of 90 days. You can then keep your commission and split the rest among your master partner, broker partner and agent partner. However, the master, broker and agent partner would all have to be part of your platform and need to have Custom Stripe accounts. In each case, it is the platform who will directly pay the master, broker and agent. The platform ca't pay the master only and then the master pays the broker only and then the broker pays the agent. All three partners must be paid out by the platform directly. You can check out the flow of funds here:
https://stripe.com/docs/connect/charges-transfers#collecting-fees
I hope this information is helpful to you, but if you come across any more questions please don't hesitate to reach back out to me. I definitely want to make sure you are taken care of.
All the best,
Adam
Extra notes: I would like to get training on the ongoing set-up of connect account so we can do inhouse or we might be willing to have our development team continue with ongoing set-uup...I am thinking we should be train and the set-up after the initial set-up should be simple enough for us to handle in house....
Description of requirements/functionality: This is our overview and response from Stripe team on what we need to do, please read the entiire email below and yyou should have a complete understanding of what I need done, I need this done ASAP for the best cost, it should be simple if you really know the system...
Hi Tyrone,
This is Adam here from Stripe. I'm stepping in while Meagan is out of the office. Hope that's okay.
As Meagan outlined, Connect would be a suitable product for your business model. Connect which helps facilitate a multi vendor business model. With Connect you are able to have your Stripe account, and then have your partner's Stripe accounts connected to yours. This way, you can take a commission fee from every transaction that occurs. If you would like to look into this a bit further, I've included a link that goes into more detail here:
https://stripe.com/connect
In regards to Stripes feature 'Connect', there are three types, there is Standard accounts, Custom accounts and Express accounts. However, as you mentioned you would prefer a whitelabel solution, then I would recommend Custom accounts.
Custom is a "Whitelabel" solution where you can completely customize your users' onboarding experience (including identity verification, support, and responsibility for chargebacks). With Custom, we act in the background and the user isn't aware that they have a Stripe account; they only interact with your platform. You can read more about this here:
https://stripe.com/docs/connect/custom-accounts
- A Custom Stripe account will be almost completely invisible to the account holder and you will be responsible for all interactions with your partners.
- The Platform (you) will handle all communication with it's users, rather than having your users contact Stripe directly. That includes identity verification, customer service, collecting evidence for chargebacks and disputes. You will be responsible for obtaining that information from the account holder and sending it back to Stripe.
- Your platform’s user cannot log into a Custom Stripe account, and we would not contact them directly.
- You have full control over the on-boarding process.
- Your partners may not know they have a Stripe account and you manage this on their behalf. Stripe do not contact your connected accounts or offer customer support. You will be responsible for this.
- Customizable branding of the Checkout.
- Control when transfers to your connected accounts take place up to a maximum 90 days
- You will be responsible for gathering and providing evidence to Stripe in the case of chargebacks and disputes of your connected accounts.
- Far more management of the connected accounts
You also mentioned that you would like to receive all funds and then distribute them among different partners. This can be done using our separate charges. You can read more about this here:
https://stripe.com/docs/connect/charges-transfers
This way the customer can pay the platform the $3,000 directly. Funds can be held in the platform Stripe account for a maximum of 90 days. You can then keep your commission and split the rest among your master partner, broker partner and agent partner. However, the master, broker and agent partner would all have to be part of your platform and need to have Custom Stripe accounts. In each case, it is the platform who will directly pay the master, broker and agent. The platform ca't pay the master only and then the master pays the broker only and then the broker pays the agent. All three partners must be paid out by the platform directly. You can check out the flow of funds here:
https://stripe.com/docs/connect/charges-transfers#collecting-fees
I hope this information is helpful to you, but if you come across any more questions please don't hesitate to reach back out to me. I definitely want to make sure you are taken care of.
All the best,
Adam
Extra notes: I would like to get training on the ongoing set-up of connect account so we can do inhouse or we might be willing to have our development team continue with ongoing set-uup...I am thinking we should be train and the set-up after the initial set-up should be simple enough for us to handle in house....
TYRONE M.
100% (5)Projects Completed
6
Freelancers worked with
6
Projects awarded
21%
Last project
17 Sep 2017
United States
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