We’ve introduced Stripe Connect because this will allow us to offer features that make the overall experience delightful for both the contractor and the employer.
Benefits to Employers
- The overall time from pay-in (receiving funds from the customer) to pay-out (transferring funds to the contractor) will be quicker. This is because we will automate a lot more of the contractor payments flow.
- In the future, we will be able to support direct debit schemes for other popular currencies such as CAD, GBP and AUD.
- More transparency and better visibility over payment status, which will allow contractors to anticipate when they’ll receive the funds in their account.
- Employers and contractors will be able to view what FX rates are applied.