Which items does the on_behalf_of parameter control in Stripe Connect?

The on_behalf_of parameter in Stripe Connect is essential for handling transactions that are processed on behalf of connected accounts. When this parameter is utilized, it effectively modifies the business details associated with a transaction, specifically the business of record and the statement descriptor that customers will see on their bank statements. This ensures that when a transaction is made, it clearly identifies the correct entity that is actually providing the service or product, aligning with the compliance and transparency required in payment processing.

In the context of managing payment transactions within a platform using Stripe Connect, the ability to designate the on_behalf_of parameter is crucial for accurately representing the involved parties during charge processing. By modifying the business of record, it helps platforms maintain a reliable and trustworthy connection with their end customers, ensuring that all transactions reflect the true nature of the services rendered.

The other options, while they may pertain to various payment processing features, do not directly align with the functionality of the on_behalf_of parameter. This parameter specifically relates to the representation of the connected account during transactions, rather than refund processes, chargeback methods, or managing customer feedback.