Do I understand that right?
I am building a two sided marketplace and I set up Stripe connect (with the bubble plugin).
The way it seems to be set up is that the seller is creating a standard account and connecting this standard account (not express) to my Stripe account. Due to the idea of a standard account, the seller is anyway in charge for everything (sending receipt, refunds, capture money etc), because I think I can not even send a receive with this set up. Is that right?
I also understand that when the user (buyer) presses “Book now” after typing the CC details, the CC doesn’t get charged until the user captures the money. This actually means, the moment the seller captures the money, the seller agrees to the booking. If the seller does not agree to the booking, the seller simply does not capture the payment. This is actually a kind of “reserve” functionality. Did I understand that right?
I also learned that if the seller gives a refund, the seller still has to pay the stripe fee and my app fee. Is this by default of Stripe or can I change that in the workflow?
I appreciate any thoughts.