Sending Funds to Third-Party Recipients. Stripe may offer you the ability to send to a third party funds owed to you as you instruct Stripe (including by sending all or part of the positive balance in your Stripe Account to that third-party recipient’s Stripe account or bank account), instead of settling funds to a User Bank Account. If Stripe sends funds to a third-party recipient (or sends all or part of the balance in a Stripe Account to the third-party recipient’s Stripe account or bank account), which may include the use of a payment intermediary operating on your behalf, as you instructed, this satisfies Stripe’s obligations (and all applicable Payment Method Provider and Payment Method Acquirer obligations) to settle funds to you.
Appears in 41 contracts
Samples: Stripe Services Agreement, Stripe Services Agreement, Stripe Services Agreement
