True or False: Stripe fees for direct charges are assessed on the platform, not the connected account.

Get ready for the Stripe Associate Architect Certification. Study with flashcards and multiple choice questions, each question has hints and explanations. Ace your exam today!

The statement is false because in the context of Stripe's direct charges, fees are typically assessed on the connected account rather than the platform itself. When a connected account processes a payment, it is that account that incurs the Stripe fees associated with the transaction. This model allows platforms to manage and facilitate financial transactions for their connected accounts while keeping the financial responsibilities, including fees, at the account level.

The other options present different interpretations of how fees are applied but do not reflect the standard practice of fee assessment in the case of direct charges. The emphasis on connected accounts highlights the structure of Stripe's payment processing model, where each connected account is responsible for its own fees, thus allowing platforms to work efficiently without incurring additional costs at their own level for transactions processed on behalf of their users.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy