In a destination charge, where does money initially land?

Master the Stripe Fundamentals Exam with engaging flashcards and multiple choice questions. Each quiz question includes detailed explanations to enhance your understanding. Prepare effectively and ace your exam!

Multiple Choice

In a destination charge, where does money initially land?

Explanation:
In a destination charge, the payment is processed through the platform first. The funds land in the platform’s balance, allowing the platform to take its application fee, and then the remaining amount is transferred to the connected account. So the initial place where money lands is the platform.

In a destination charge, the payment is processed through the platform first. The funds land in the platform’s balance, allowing the platform to take its application fee, and then the remaining amount is transferred to the connected account. So the initial place where money lands is the platform.

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