About Stripe Connect
Stripe Connect is a service provider for marketplace payment solutions. With the help of Stripe Connect we do not touch your money and it will be transferred directly from your customers to your bank account every week.
Regiondo decided to work with Stripe Connect because they are offering the best and securest way to transfer the money safe and fast! To clear all your questions and concerns, we created this knowledge article and in case you have additional questions, please contact our support team and they will answer them.
Regiondo decided to work with Stripe Connect because they are offering the best and securest way to transfer the money safe and fast! To clear all your questions and concerns, we created this knowledge article and in case you have additional questions, please contact our support team and they will answer them.
Important
Before you continue to read this article you need to make sure that you are already validated in Stripe. Click here to get detailed instructions about the process.
How does the payout work?
You can see all contacts and cash flow in the following graphic. As you can see the money is transferred firstly to Stripe. Stripe divides the money which will be transferred to Regiondo from the remaining amount before the weekly payout.
The below graphic represents the time-line of the payout cash flow. Just as before, you will receive a monthly invoice from Regiondo.
Which personal data is transferred to stripe?
GDPR?
Stripe connect is completely GDPR compliant.
Stripe created a detailed description about their handling with personal data:
https://stripe.com/en-de/privacy#personal-data-definition
https://stripe.com/en-de/privacy#personal-data-definition
Summary of Stripe
If you are a Stripe user, you will provide your contact details, such as name, postal address, telephone number, and email address. As part of your business relationship with us, we may also receive financial and personal information about you, such as your date of birth and government identifiers associated with you and your organization (such as your social security number, tax number, or Employer Identification Number).
If you are a customer, when you make a payment or conduct a transaction through a Stripe user’s website or application, we will receive your transaction information. Depending on how the Stripe user implements our services, we may receive this information directly from you, or from the Stripe user or third parties. The information that we collect will include payment method information (such as credit or debit card number, or bank account information), purchase amount, date of purchase, and payment method. Different payment methods may require the collection of different categories of information. The Stripe User will determine the payment methods that it enables you to use, and the payment method information that we collect will depend upon the payment method that you choose to use from the list of available payment methods that are offered to you by the Stripe User. When you make a transaction, we may also receive your name, email, billing or shipping address and in some cases your transaction history to authenticate you.
If you are a customer, when you make a payment or conduct a transaction through a Stripe user’s website or application, we will receive your transaction information. Depending on how the Stripe user implements our services, we may receive this information directly from you, or from the Stripe user or third parties. The information that we collect will include payment method information (such as credit or debit card number, or bank account information), purchase amount, date of purchase, and payment method. Different payment methods may require the collection of different categories of information. The Stripe User will determine the payment methods that it enables you to use, and the payment method information that we collect will depend upon the payment method that you choose to use from the list of available payment methods that are offered to you by the Stripe User. When you make a transaction, we may also receive your name, email, billing or shipping address and in some cases your transaction history to authenticate you.
Legal relationship
As written in our terms and conditions, you make an agreement with Stripe. To receive PSD2 Compliant payments with Regiondo, you need to accept Stripe connect.
Which alternative does Regiondo offer?
Since Stripe connect is the best solution to handle the PSD2 requirements, we only offer it to our customers.
PCI Compliant
All payment transfers from Regiondo have several ways of data protection. The first is the secure transmission of all data from Regiondo to Stripe, which is confirmed via the SAQ-A. The proper storage of the data on Stripe's website is then guaranteed by the official PCI certification.
The legal data exchange between Stripe EU and the headquarters in the USA, as well as the data security measures taken by Stripe are explained in detail under the following links: