What does a Standard Connect account allow businesses to do?

A Standard Connect account is designed to support businesses that want to onboard and manage their own connected accounts. This feature is fundamental for platforms and marketplaces that need to facilitate transactions on behalf of others, such as service providers or sellers.

With a Standard Connect account, businesses can leverage Stripe’s capabilities to manage their user accounts, set up payments, and maintain compliance with various regulations. The ability to onboard connected accounts means that these businesses can control the user experience for their customers, handling tasks like verifying account information and setting payment preferences directly within their interface.

This option specifically emphasizes the flexibility and control provided to businesses, which aligns with the needs of platforms that require customer engagement and management over their vendors or service users. In contrast, other options involve either operational capabilities that are not within the scope of Standard Connect accounts or suggest a level of backend complexity that is not relevant in the context of onboarding and account management.