Manage payout accounts for Custom connected accounts
Learn how to manage bank accounts and debit cards on your Custom connected accounts.
Payout accounts can be bank accounts or debit cards. You can add a payout account when creating or updating a Custom connected account.
For Custom accounts, Stripe recommends collecting bank account details with the Connect Onboarding web form, which helps you:
- Save design and development time.
- Eliminate the need to store sensitive data such as account and routing numbers on your server.
- Eliminate the need to build form validations when users enter account details.
In the US, Stripe recommends collecting bank account details with Stripe Financial Connections, which lets your users securely link their financial accounts to your business. It helps you:
- Increase onboarding conversion by making sure that Custom accounts don’t leave your website or application to locate their account and routing numbers.
- Enable your users to authenticate in fewer steps by reusing bank account details they’ve saved to Link. Users who save their account information at any of the Stripe businesses using Link can share their account details with you the next time they use Financial Connections, which can help with bank linking conversion.
- Eliminate the need to store sensitive data such as account and routing numbers on your server.
- Eliminate the need to build form validations when Custom accounts enter account details.
- Reduce first payout failure rates by eliminating errors that result from manual entry of account and routing numbers.
- Access additional information on a user’s bank account, such as balances, ownership details, and transactions. For example, mitigate fraud when onboarding Custom accounts by verifying the ownership details of their bank account, such as the name and address of the account holder.
Using Financial Connections incurs fees.
Alternatively, you can collect bank account details with a custom form in your account onboarding flow.
To collect debit card details, you must use a custom form.