Adds support for Global PayoutsPublic preview
What’s new
Users in the US and UK can now send money directly to third parties using a new set of money management APIs. Global Payouts offers several integration paths with no-code, hosted, and API solutions that allow your business to send and track payouts globally without requiring you to use Stripe for payments.
Impact
We’ve introduced a new set of money management APIs:
- Adjustments represent Stripe-initiated credits or debits to a user balance.
- Financial Accounts are the containers that allow for the configuration of money movement.
- Financial Addresses contain information needed to transfer money to a Financial Account.
- Inbound Transfers represent money movement from a user owned PaymentMethod to their FinancialAccount.
- Outbound Payments represent money movement from your FinancialAccount to a third party.
- Outbound Transfers represent money movement from your FinancialAccount to yourself.
- Received Credits represent funds sent into your FinancialAccount.
- Received Debits represent funds debited from your FinancialAccount.
- Transactions represent changes to your FinancialAccount balance over time.
- Transaction Entries represent individual money movements across different states within a Transaction.
Additionally, you can now use Account Links to access the Stripe-hosted Recipient Onboarding application.