True or False: In most scenarios, destination charges are supported only if both your platform and the connected account are in the same region.

Destination charges in Stripe refer to the ability of platforms to charge a customer and then distribute the funds to a connected account. The statement that destination charges are supported only if both your platform and the connected account are in the same region is correct for typical use cases. This requirement arises due to regulatory compliance and banking rules that can differ significantly based on geographic location.

When both the platform and the connected account are in the same region, it simplifies compliance with local financial regulations and allows for easier management of payouts.

In contrast, scenarios such as cross-border payments, where the connected account is in a different region, may introduce complications like additional fees or restrictions. Therefore, in most scenarios, it is indeed the case that both entities should reside within the same region to utilize destination charges effectively.