Which Stripe product allows Marketplaces to handle payments for submerchants?

Stripe Connect is specifically designed to support marketplaces and platforms by enabling them to handle payments for submerchants. It allows businesses to manage and facilitate transactions between customers and multiple sellers, all while keeping track of the flow of funds.

With Stripe Connect, marketplaces can onboard their submerchants (also referred to as connected accounts) and customize the payment flow based on their unique business needs. This includes handling payments, managing payouts to submerchants, and ensuring compliance with payment regulations.

In contrast, other products such as Stripe Billing focuses on managing recurring billing and invoicing, Stripe Terminal is intended for in-person payments through physical devices, and Stripe Atlas offers tools for startups to incorporate a business and manage global payments. While these products serve important functions, none are designed specifically for the multi-party payment scenarios that marketplaces face, which is why Stripe Connect is the ideal choice.