Which two components compose Stripe Payment Fees with Connect?

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 correct answer highlights the importance of the pricing plan for payments and the responsible account for the fees. When using Stripe Connect, payment fees are determined by how the platform sets its pricing structure for transactions, which often varies based on the service being provided and the connected account's configurations. Each connected account can have different agreements regarding how fees are applied, which means it's crucial to define the pricing plan that corresponds with the transactions processed.

Additionally, the identification of the responsible account is vital because it specifies which connected account will bear the cost of those payment processing fees. This allows the platform to allocate fees accordingly, ensuring that each connected account's financial responsibilities are clear and manageable. Understanding these two components is essential for efficiently managing finances within an application that leverages Stripe Connect.

Other options describe elements related to transactions but do not specifically focus on the critical aspects of how payment fees are structured and assigned in the context of Stripe Connect.

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