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Marketplace setup with Stripe integrations

The Stripe Connect integration is a payment solution for marketplaces to automatically pay their vendors.

Whenever the marketplace needs to pay its vendors, Garnet will initiate a Stripe payment from the marketplace account to the vendor account.

The payout events can be customised within Garnet to suit your marketplace needs.

Note that Garnet only facilitates the payment and is never holding the customer's money at any time.

WARNING

Please ensure you have followed all steps below. Most marketplaces having issues with the Stripe integration is simply because they missed a step.

Step 1: Create a Stripe Account and get verified

The marketplace must create a Stripe account following the registration link. After replying to all questions you will need to get verified. It can take a few days and require you to send additional verification documents.

Step 2: Enable Stripe Connect

Setup Stripe Connect for the marketplace account by going to Stripe > Settings > Explore > Connect or clicking on this link. Then click on the Get started with Connect button.

Stripe connect before get started

You will have several questions to answer about your business. If you have any question you can contact us. It might take a few days for the account to be verified.

Step 3: Set your branding

It is important that you set up your logo and theme color in Stripe. Go to Stripe > Settings > Branding or click on this link.

set up branding

Step 4: Generate a Stripe API key

Then go to Stripe > Developpers > API keys and copy the Secret key, you will need it later for the setup.

path to get API key

The API key starts with sk_live_.

On Garnet, go to Admin panel > Payment > Stripe Connect and input your credentials in the form. Our team will get back to you within 5 working days.

Payment settings on Garnet

WARNING

Stripe is not available in some countries, make sure to check their availability page.

Cost

Stripe Connect comes at roughly $2 + 0.25% for each transaction. Checkout Stripe Connect pricing for more information under the Express account type.