Which type of Connect account should a client implement if they want Stripe to take on the credit risk liability?

For a client wanting Stripe to assume the credit risk liability, they should implement a Standard Connect account. This type of account is ideal for businesses that prefer to delegate many responsibilities to Stripe, including aspects related to credit risk and customer handling. With a Standard account, Stripe manages the payment processing and associated risks, including chargebacks and disputes, thus allowing the client to focus more on their core business activities.

In contrast, other account types like Express or Custom require the client to have more control over the user experience and typically involve greater responsibility for managing risks associated with payments. Express accounts still simplify some of the onboarding and setup processes, but they don't fully transfer the liability to Stripe. Custom accounts, while offering the highest level of flexibility and control, place the onus of credit risk back onto the platform or business using the account. Thus, opting for a Standard Connect account ensures that the client offloads the credit risk to Stripe, aligning with their goal of risk mitigation.