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Create Connected Account with Stripe API
This video demonstrates how to use the Create Connected Account with Stripe API template.
import os
import stripe
# Set the Stripe API key from environment variables
stripe.api_key = os.environ.get('STRIPE_API_KEY')
def create_connected_account(email, country, card_payments, transfers):
try:
account = stripe.Account.create(
type='custom',
country=country,
email=email,
capabilities={
'card_payments': {'requested': card_payments},
'transfers': {'requested': transfers},
}
)
return account
except stripe.error.StripeError as e:
# Handle error
return str(e)
def main():Frequently Asked Questions
What is the primary purpose of this Create Connected Account with Stripe API template?
The primary purpose of this template is to facilitate the creation of connected accounts using the Stripe API. It allows businesses to programmatically set up custom accounts for their users or partners, enabling them to receive payments through the platform. This is particularly useful for marketplaces, platforms, or any business model that involves distributing payments to multiple parties.
How can this template benefit my business?
The Create Connected Account with Stripe API template can benefit your business in several ways: - It streamlines the process of onboarding new sellers, service providers, or partners to your platform. - It allows you to automate account creation, reducing manual work and potential errors. - It enables you to scale your platform more efficiently by simplifying the process of adding new users who can receive payments. - It provides a foundation for building more complex payment flows, such as split payments or marketplace models.
What types of businesses would find this template most useful?
This template is particularly valuable for: - Online marketplaces connecting buyers and sellers - Platforms that facilitate gig economy or freelance work - SaaS companies offering white-label solutions with integrated payments - Crowdfunding platforms - Any business model that involves distributing payments to multiple parties
How can I customize the capabilities of the connected account in this template?
The template allows you to customize the capabilities of the connected account through the capabilities parameter in the stripe.Account.create() method. You can modify the code to add or remove capabilities as needed. For example, to add the ability to handle ACH payments, you could modify the create_connected_account function like this:
python
def create_connected_account(email, country, card_payments, transfers, ach_payments):
try:
account = stripe.Account.create(
type='custom',
country=country,
email=email,
capabilities={
'card_payments': {'requested': card_payments},
'transfers': {'requested': transfers},
'ach_debit_payments': {'requested': ach_payments},
}
)
return account
except stripe.error.StripeError as e:
return str(e)
Then, you would need to pass the ach_payments parameter when calling the function.
How can I handle errors when creating a connected account with this template?
The Create Connected Account with Stripe API template includes basic error handling using a try-except block. To implement more detailed error handling, you can modify the create_connected_account function to catch specific Stripe errors and handle them accordingly. Here's an example:
python
def create_connected_account(email, country, card_payments, transfers):
try:
account = stripe.Account.create(
type='custom',
country=country,
email=email,
capabilities={
'card_payments': {'requested': card_payments},
'transfers': {'requested': transfers},
}
)
return account
except stripe.error.CardError as e:
# Handle card errors
return f"Card error: {e.error.message}"
except stripe.error.RateLimitError as e:
# Handle rate limit errors
return "Too many requests made to the API too quickly"
except stripe.error.InvalidRequestError as e:
# Handle invalid parameters
return f"Invalid parameters: {e.error.message}"
except stripe.error.AuthenticationError as e:
# Handle authentication errors
return "Authentication with Stripe failed"
except stripe.error.APIConnectionError as e:
# Handle network errors
return "Network communication with Stripe failed"
except stripe.error.StripeError as e:
# Handle generic errors
return f"Stripe error: {e.error.message}"
except Exception as e:
# Handle any other exceptions
return f"An error occurred: {str(e)}"
This more detailed error handling allows you to provide more specific feedback and take appropriate actions based on the type of error encountered when using the Create Connected Account with Stripe API template.
Created: | Last Updated:
Introduction to the Create Connected Account with Stripe API Template
Welcome to the Create Connected Account with Stripe API template! This template is designed to help you seamlessly create custom connected accounts on Stripe, which is essential for platforms that need to process payments on behalf of their users. By using this template, you can quickly set up the backend functionality to register new Stripe connected accounts with capabilities such as card payments and transfers.
Clicking Start with this Template
To begin using this template, simply click on the "Start with this Template" button. This will pre-populate the code in the Lazy Builder interface, so you won't need to copy, paste, or delete any code manually.
Initial Setup: Adding Environment Secrets
Before you can test and use the app, you'll need to set up an environment secret for the Stripe API key. Here's how to do it:
- Log in to your Stripe account and navigate to the API section to find your API keys.
- Copy your Stripe API key. Make sure to use the test key if you're working in a development environment.
- In the Lazy Builder, go to the Environment Secrets tab.
- Create a new secret with the key name
STRIPE_API_KEYand paste your Stripe API key as the value.
This environment secret will be used by the app to authenticate with the Stripe API.
Test: Pressing the Test Button
Once you have set up the environment secret, you can press the "Test" button. This will begin the deployment of the app and launch the Lazy CLI. If the app requires any user input, you will be prompted to provide it through the CLI interface.
Entering Input: Filling in User Input
After pressing the "Test" button, if the app requires user input, the Lazy CLI will prompt you to enter the necessary information. For this template, you will need to provide:
- Email address of the account holder
- Country of the account
- Whether card payments are enabled (true/false)
- Whether transfers are enabled (true/false)
These inputs correspond to the parameters in the create_connected_account function within the code template.
Using the App
After providing the required input and successfully creating a connected account, the app will output the result in the CLI. If the account is created, you will see a message with the connected account's ID. If there is an error, the app will display the error message instead.
Integrating the App
Once you have successfully created a connected account, you can integrate this functionality into your platform or service. If you need to use the created Stripe account in your frontend or another service, you can store the account ID and use it in your Stripe API calls to process payments or manage the account.
If you need to make API calls to this service from an external tool, you can use the server link provided by the Lazy builder CLI after pressing the "Test" button. This link will allow you to interact with the app's API. If you're using FastAPI, you will also receive a docs link, which you can use to explore the API's endpoints and their specifications.
Remember to replace the test API key with your live Stripe API key in the environment secrets when you're ready to go live with your application.
That's it! You now have a working backend service to create Stripe connected accounts using the Lazy platform. Happy building!
Here are 5 key business benefits for this template:
Template Benefits
-
Streamlined Onboarding: This template simplifies the process of creating connected accounts for platforms and marketplaces, enabling quick onboarding of new sellers, service providers, or partners.
-
Customizable Payment Capabilities: The template allows businesses to specify which payment capabilities (card payments, transfers) they want to enable for each connected account, providing flexibility in payment processing options.
-
Scalable Multi-Party Payments: By leveraging Stripe's connected accounts, businesses can easily scale their operations to support multi-party payments, ideal for marketplaces, gig economy platforms, or affiliate networks.
-
Reduced Development Time: The template provides a ready-to-use foundation for integrating Stripe's connected accounts, significantly reducing development time and resources needed to implement this functionality.
-
Error Handling and Logging: With built-in error handling, the template helps businesses identify and troubleshoot issues during account creation, improving the reliability of their onboarding process and reducing potential revenue loss due to failed account setups.
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