One of the wonderful features of our Stripe Connect integration is the ability to share your net proceeds with your customers. Great for non-profits, schools, etc. How to enable and use the 3rd Party Stripe option.
Why use the Third Party option?
BIGGEST BENEFIT - this eliminates any additional bookkeeping and waiting to share proceeds with them. Both you and your 3rd Party will receive deposits on every sale as they occur!
Your customer becomes the "Merchant" which means their name will appear on the credit card charge rather than yours.
Transparency creates trust and gives you greater opportunities as your client's partner and supplier
You control the amount of net profit you are sharing with them and you both receive proceeds from each sale. This eliminates unnecessary administrative work to send percentages to them via check, etc.
How to set-up this feature:
Go to STORE SETTINGS
scroll down to your Stripe information
Check the box under Third Party Store Management
Select the button "COPY STRIPE CONFIGURATION LINK" [note the small text about the short 5-minute period the link is valid]. You can always click again for a new link and share when they are ready.
Customer will have to authenticate their existing account or create a new one depending on their situation. There may be some questions for them to answer related to the sales in the store. Mainly product being sold, the product is delivered at a later time, and some organizational questions.
Please contact customer support with Single Serve to confirm everything is set-up properly once your client has completed their process.