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Stripe API Connect for Platforms and Marketplaces
LANCERProject Description
A US-based marketplace platform, known for facilitating seamless third-party bookings, approached Oodles to optimize its multi-party payment workflows. The client sought a way to streamline payouts between users, suppliers, and the platform while ensuring accurate commission management. A robust Stripe integration was tailored to support real-time transfers and reduce manual payment dependencies.
Scope Of Work
The project aimed to simplify complex fund flows between users and suppliers, ensuring instant settlements and transparent commission handling. The client sought Oodles for automated payment routing, dynamic fee deductions, and supplier onboarding via Stripe Connect. This involved areas like custom API integration, payout structuring, account verification, and compliance-driven workflows.
Our Solution
To address the client's goals, a tailored Stripe Connect integration was implemented using Python and React Native.
Key Features Implemented:
- Multi-Tier Payment Routing: Configured fund flows where users paid suppliers directly.
- Dynamic Commission Engine: Enabled configurable fee structures based on supplier category, region, and transaction type.
- Stripe Connect OAuth Integration: Allowed seamless onboarding of suppliers with account verification and permissions setup
- Real-Time Payout Tracking: Built custom dashboards to monitor transactions, payout schedules, and system alerts.
- Secure Tokenization: Ensured PCI-compliant payment data handling using Stripe.js and Elements.
- Fallback Handling: Created custom logic for failed or delayed payouts to avoid operational delays.