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Unlock Localized Analytics with Stripe Connect and Syft Analytics

June 1, 2023

This article originated from the Xero blog. The XU Hub is an independent news and media platform - for Xero users, by Xero users. Any content, imagery and associated links below are directly from Xero and not produced by the XU Hub.
You can find the original post here:
https://www.syftanalytics.com/blog/stripe-connect

Stripe Connect is the quickest and simplest way to assimilate payments in your platform or marketplace. Stripe's APIs empower you to construct and scale end-to-end payment incidents, from immediate onboarding to international payouts, and generate new revenue streams. Simultaneously, Stripe will take care of payments KYC. And now, you can integrate multiple Stripe Connect entities with Syft.

This means that you can have one account with multiple users on Syft. Plus, you can connect all your Stripe Connect accounts in one place and share localized analytics with those who use that platform or marketplace. Read on for all the details!

How to get started with Stripe Connect and Syft

All you need to get started are a few vital details. These include:

  • Your Stripe Account ID (which you can find in Stripe's Settings under Account Details); and
  • A Stripe Restricted Key.

The reason that you will need the Restricted Key is that Syft needs read access to everything on your Stripe account in order to integrate.

Note 📝: Restricted Keys are deletable and they are different to the Secret Key from Stripe. In other words, you can delete Syft's access to your Restricted Key without harming your Stripe account in any way.

Once you've found your Stripe Account ID and created a Restricted Key, you can select connected accounts to add to Syft. Each Stripe Connect account will then become a linked entity on Syft.

Why this is great for your Stripe Connect entities

Once you have connected your Stripe Connect entities, you will be able to share beautiful, customized dashboards and reports from each Connect account and compare these to each other. Alternatively, you can consolidate your Connect accounts in Syft to report on them as a group entity.

This is particularly useful if you have a marketplace or platform that people connect to as it empowers you to analyze the users of your marketplace or platform across different apps. And with improved data analysis you are better equipped to make decisions to to grow and scale your platform in the future.

Add your Connect entities today

With the power of Stripe Connect and Syft Analytics combined, you can handle every aspect of your business with ease. From payments to analytics and reporting, you're covered. So, what are you waiting for? Try the new integration today.

Why leave it there?

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