Custom Accounts and Express Accounts Clause Samples
The 'Custom Accounts and Express Accounts' clause defines the types of user accounts that can be created and managed within a platform, typically distinguishing between accounts with varying levels of control and responsibility. In practice, a Custom Account allows the platform operator to have greater oversight and configuration options, while an Express Account provides users with a more streamlined, self-managed experience. This clause clarifies the rights and obligations associated with each account type, ensuring both parties understand their roles and responsibilities, and helps prevent misunderstandings regarding account management and liability.
Custom Accounts and Express Accounts. This Section 4.3 only applies to Custom Accounts and Express Accounts.
Custom Accounts and Express Accounts. This Section 4.3 only applies to Custom Accounts and Express Accounts.
(a) 7*-)"9.*( . You must create and manage the Stripe accounts for Custom Accounts and Express Accounts. You must ensure that Connected Account Data is passed to Stripe according to the Documentation. (b) !)**.’(.4/I’’),*(/I<-..9.*(/&)-/!,$()9/I’’),*($ . You must ensure that each Platform User that you intend to onboard as a Custom Account agrees to the Connected Account Agreement before it uses any Stripe services. At Stripe’s request, you must provide proof as Stripe requires that these agreements have been entered into between the Custom Accounts and Stripe. If Stripe believes that your existing acceptance process does not create a binding agreement between Stripe and each Custom Account, then, upon Stripe’s request, you must modify that process as Stripe requires.