Power payments for your marketplace
Whether you run an on-demand, retail, or crowdfunding marketplace, Connect can help you onboard, verify, and pay out your freelancers, sellers, or other recipients at scale.
Onboard users instantly
Allow users to easily sign up and quickly get paid. Take advantage of prebuilt UIs to launch faster and maximise conversion.
Customise the experience
Tailor onboarding options, set payout timing, collect fees and add your own branding to the user experience.
Simplify compliance
Take advantage of Stripe’s worldwide licenses. Reduce your regulatory and compliance overhead by shifting payments compliance to Stripe.
Pay out globally
Send funds to users in 50+ countries—no need to establish local entities or banking partnerships.
Onboarding
Automated onboarding and verification
Every marketplace needs to handle the complexities that come with onboarding, including evolving compliance requirements that can vary by business model, transaction type, and country. Connect provides the highest converting onboarding flows, built from Stripe’s learnings from optimizing onboarding experiences for thousands of marketplaces.
Increased conversion
Use conversion-optimised, pre-built UIs or build your own flows with flexible APIs.
Streamlined requirements
In some countries, all you need is a name and bank account to get started.
Rapid verification
Unlock accelerated onboarding for millions of businesses and individuals that already use Stripe.
Preventative screening
Stripe carries out risk-based screening against lists of high-risk merchants.
Payouts
Smart payout engine
Managing payouts comes with significant operational overhead, from uploading spreadsheets and mailing checks to juggling multiple payout providers. Connect offers a powerful global routing and payout engine that makes it easy to send money to users quickly, securely, and without any manual reconciliation work.
- Automatically track balances
- Automatically batch earnings into payouts
- Automatically time transfers
- Specify payout timing for your users, even instantly
- Collect fees for your service
- Securely tokenise recipient bank account information
- Support payouts in 50+ countries
- Collect payments and payout users, no code required
- Crypto payouts
Reporting and analytics
Manage your marketplace
The Stripe Dashboard provides a unified hub that lets your finance, operations, and support teams work together to manage payouts for large numbers of users. View reports, manage user information, send funds, issue refunds, handle chargebacks, and more.The Stripe Dashboard provides a unified hub that lets your finance, operations, and support teams work together to manage payouts for large numbers of users. View reports, manage user information, send funds, issue refunds, handle chargebacks, and more.
- Full records of all customer transactions on Stripe
- Let Stripe net out earnings
- Role-based access control
You can also send all your up-to-date marketplace data to your data warehouse with Stripe Data Pipeline.
Taxes
Automated tax reporting and filing
Automatically generate, file, and deliver 1099 tax forms for your sellers, freelancers, or service providers.
Simplify the tax process
Auto-generate 1099s and avoid hours of manual work. Stripe handles e-filing with the IRS and delivers copies to your sellers or service providers.
One source of truth
Stop manually merging identity and payment data from multiple sources. Stripe gives you a unified view of who you paid and how much.
Stay compliant to avoid fines
Get help verifying relevant tax IDs to stay compliant, avoid mistakes and fines, and eliminate paperwork.
The world’s leading marketplaces are using Connect
75%+
of companies on the a16z Marketplace 100 list use Stripe. Connect helps the largest and fastest growing marketplaces pay out users faster, accelerate global expansion, and simplify compliance.
Global scale and compliance
Accelerate international expansion
Reduce compliance risk
Running a multi-sided marketplace can often mean wrestling with card network rules, money transmission, KYC, tax reporting, and more. Stripe takes on your payments KYC obligations and automatically updates to meet the latest requirements —no changes required to your integration.
Go live around the world faster
Quickly expand to anywhere Stripe operates without having to establish separate local subsidiaries. Marketplaces built with Connect get out-of-the-box access to the hundreds of global Stripe Payments features.
Case studies
Lyft uses Connect to pay drivers faster
Solution
Lyft worked with Stripe to build Express Pay, providing drivers the ability to decide when they want to get paid out—typically within a few hours of a ride.
Impact
In 6 months, over 40% of all payouts on Lyft were done over Express Pay. Lyft was able to add value for drivers and attract more drivers to their marketplace.
Products
- Connect
- Instant Payouts
- Payments
Lyft’s biggest request from drivers was the ability to get paid more frequently compared to traditional weekly payouts.
Try Connect
Learn how to use Connect to power payments for your marketplace
We recommend using Connect with Express accounts to power payments for your marketplace. Express accounts are quick to set up and include:
- A conversion-optimised, co-branded onboarding UI
- A simple payouts dashboard for your users to track their funds
- The ability for you to customise payout timing and pricing