What is Stripe Connect?

What is Stripe Connect?

Stripe Connect is a powerful marketplace integration by Stripe allowing users to transact securely within the marketplace and receive payments using their bank account details without the need to open a Stripe account. ​
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​Stripe Connect Onboarding, which can also be found on your Ellect account dashboard, is a secured identity verification web form hosted by Stripe that takes care of collecting identity information from users. It dynamically adjusts the information that it collects to reflect the connected account’s capabilities, country, and business type which is a recommended solution to guide users on keeping their information updated to continue transacting in the marketplace.

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      After choosing the listing you wanted to check-out, you may proceed by entering your bank account details. A notification will prompt on the screen if the transction has been successful. Note that our marketplace is using Stripe Connect to accept ...

    • Where can I update my bank details?

      Log in to your account using your registered email and password in Ellect. Go to Dashboard > My Account > My Banking Information, then fill out all the needed information. Make sure you choose the correct currency based on your bank account's ...

    • Why do I need to update my bank details?

      In order to receive your payments at the end of the transaction, you must fill in your bank details. We use Stripe, a secure and compliant platform, to handle payments. The bank details is also part of the verification process by Stripe.