In a destination charge, where does money initially land?

Prepare for the Stripe Fundamentals Exam with flashcards and multiple choice questions. Each question is accompanied by hints and explanations to ensure you understand the material. Ace your exam confidently!

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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