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Stripe Connect Split Payment For MustBuy Vendors

MustBuy has pre-integrated payment gateway with Stripe Connect that automates payouts and controls the flow of funds.

How does Stripe Connect work?1

Primarily, Stripe Connect requires each user to have an individual Stripe account (called a connected account) for transactions in a marketplace.

Users can either create a new account or add an existing Stripe account to the MustBuy marketplace during registration.

When orders are placed simultaneously using stripe accounts, the Stripe Connect Split Payment API instantly splits the charged order amount between sellers and the admin.

 

 

These payments flow to the specific stripe accounts and the records are maintained in the admin/seller panel.

 

 

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