SkillSetz Partners with Stripe to Fuel Knowledge Work Globally.

Posted by SkillSetz Team on Apr 12, 2021 9:00:00 AM

Strategic partnership radically simplifies the business relationship between businesses and their external knowledge workers.

Naperville, IL  (April 12, 2021) -- SkillSetz, the B2B MarketPlace Platform where B2B Service buyers and high quality knowledge workers can find each other and do business together using a secure, auditable, and transparent contracting process today announced their strategic partnership with Stripe Connect. Stripe is a global technology company building economic infrastructure for the internet and the leader in payment processing and reporting.

The integration with Stripe Connect ensures that all users of the SkillSetz platform can count on a simple and secure onboarding process. The partnership gives all business customers peace of mind knowing that all platform transactions comply with any applicable legal, regulatory, and/or tax frameworks. SkillSetz uses Stripe Connect to manage all buyer payments and service provider payouts globally, as project-based services become the norm for professionals and corporations alike.

This partnership aids in the onboarding process by allowing each SkillSetz account to be cross-checked against millions of accounts already using the Stripe platform while leveraging proven data sources to evaluate and approve all users. This approach delivers a dynamic, risk-based KYC and sanctions checks, plus ongoing real-time screening as sanctions and high-risk files are updated by Stripe. 

“This partnership is an important milestone for SkillSetz as we seek to re-imagine the way the professional services industry operates.” said Matt McCarrick, the founder and CEO of SkillSetz. “The Stripe platform integration empowers our customers to conduct business with confidence, knowing that all of their legal, regulatory, and tax compliance requirements are being met.  We are continuing to work with the amazing team at Stripe to find new ways to deliver value to our shared customers. ” 

SkillSetz supports invoicing, payments, and reconciliation for businesses of all sizes using Stripe Connect in order to streamline payments, tax information, and regulatory compliance. This strategic partnership allows any customer, from a self-employed independent contractor to a Fortune 500 CFO, to collaborate on knowledge-based project opportunities, execute any mutually agreed upon work orders, and settle any resulting transactions.

SkillSetz also uses Stripe Connect to create, file, and deliver 1099 tax forms for all transactions that take place through the platform as required by relevant legal, regulatory, or tax obligations.  This partnership approach streamlines and simplifies this formerly clunky, manually-intensive process headache for businesses and workers of all types and enables our customers to just focus on the work. 

Businesses across the globe are accelerating their digital transformations because thow they get things done in this new world has changed forever. For service providers of all sizes and levels of expertise, business development and customer engagement are problems that will not go away anytime soon. The SkillSetz platform bridges that divide and brings both sides of this huge market together in a way that makes sense for everyone. 

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Media contact(s):

Annie Kennedy
Pink Shark PR

Jessica Fonseca
Pink Shark PR