In Stripe Connect, which statement about the platform account is accurate?

In Stripe Connect, which statement about the platform account is accurate?

• A. The account that is created first.
• B. The account used for tax reporting.
• C. The account that receives funds from connected accounts.
• D. The bank account of the merchant

Answer: (C)

In Stripe Connect, the platform account is the Stripe account that owns and manages the Connect integration. It handles the platform’s share of funds, meaning it collects the platform fees from charges that involve connected accounts. Those fees land in the platform account, while the remainder of the funds from the charge goes to the connected account (or is paid out to the connected account, depending on the flow). So the platform account is the one that receives funds derived from transactions involving connected accounts, which is how the platform earns its revenue in a marketplace setup. This role isn’t about which account was created first, it isn’t specifically for tax reporting, and it isn’t simply the merchant’s bank account.

In Stripe Connect, the platform account is the Stripe account that owns and manages the Connect integration. It handles the platform’s share of funds, meaning it collects the platform fees from charges that involve connected accounts. Those fees land in the platform account, while the remainder of the funds from the charge goes to the connected account (or is paid out to the connected account, depending on the flow). So the platform account is the one that receives funds derived from transactions involving connected accounts, which is how the platform earns its revenue in a marketplace setup. This role isn’t about which account was created first, it isn’t specifically for tax reporting, and it isn’t simply the merchant’s bank account.