Implement Stripe Global Payout • Using Stripe Connect for Platforms

Can you people use Stripe Connect to businesses as another medium of payout?

Stripe Extended Network (also called Stripe Managed Payments) can payout to multiple countries directly in their local currency at only 1% fee, they would handle the auto conversion.

The people on-board would still need to fill US Tax form W-9BEN or thereabouts in the Express account, however it is more convenient and makes it possible to reach more markets easily.

Lemon Squeezy does this, and it's a great thing, Stripe Connect - Express account. People who want to receive USD or INR could choose to get paid via Dodo Payments general payout method.

While those who can't receive USD easily can choose to see if their select country is supported for Stripe Transfers (only available by via their Extended Network - Global Payout as their standard Connect doesn't support most countries compared to the Extended Network).

They use CitiBank Europe Plc. Wordlink system to perform those payouts, and it would only cost 1% fee (according to how Lemon Squeezy does it). So Dodo Payments, it is a good thing to consider.

Also, your team can do it that on the 15th or 16th, it automatically credits all sales revenues to the Stripe Connect, there the merchant can then handle easily however they want to get paid (having the flexibility and ease/convenience of changes).

And another advantage of this is that with Stripe Connect, you can offer instant or same-day ACH crediting for USD, and because Dodo has already held funds for 15 days or so then once it's in the Connect Express account it would automatically be available for instant payout to debit cards or US USD bank accounts. Thereby bringing a faster payout experience to your merchants/businesses.