What does transfer_data[destination] specify?

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Prepare for the Stripe Fundamentals Exam. Use flashcards and multiple-choice questions with explanations to maximize your score. Explore essential concepts and hone your skills for a successful exam experience.

Multiple Choice

What does transfer_data[destination] specify?

Explanation:
In Stripe Connect, transfer_data[destination] designates the connected account that will receive the funds from the charge. It’s the ID of an existing connected Stripe account (for example, acct_...), telling Stripe which account should be the recipient of the transfer. This is about routing funds, not about how much is transferred, the currency, or who the merchant of record is. The actual transfer amount relates to the charge amount and any platform fees, while the currency is defined on the charge itself.

In Stripe Connect, transfer_data[destination] designates the connected account that will receive the funds from the charge. It’s the ID of an existing connected Stripe account (for example, acct_...), telling Stripe which account should be the recipient of the transfer. This is about routing funds, not about how much is transferred, the currency, or who the merchant of record is. The actual transfer amount relates to the charge amount and any platform fees, while the currency is defined on the charge itself.

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