diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0a1516a4e2..869d224cab 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,9 @@
 # Changelog
 
+## 74.31.0-beta.1 - 2023-08-10
+* [#1701](https://github.com/stripe/stripe-go/pull/1701) Update generated code for beta
+  * Add support for `Paypal` on `PaymentMethodConfigurationParams` and `PaymentMethodConfiguration`
+
 ## 74.30.0-beta.1 - 2023-08-03
 * [#1697](https://github.com/stripe/stripe-go/pull/1697) Update generated code for beta
   * Add support for `SubmitCard` test helper method on resource `Issuing.Card`
diff --git a/VERSION b/VERSION
index d501ad8a16..448523d0f2 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-74.30.0-beta.1
+74.31.0-beta.1
diff --git a/stripe.go b/stripe.go
index 915fa9a6a4..d1087e7e25 100644
--- a/stripe.go
+++ b/stripe.go
@@ -1266,7 +1266,7 @@ func StringSlice(v []string) []*string {
 //
 
 // clientversion is the binding version
-const clientversion = "74.30.0-beta.1"
+const clientversion = "74.31.0-beta.1"
 
 // defaultHTTPTimeout is the default timeout on the http.Client used by the library.
 // This is chosen to be consistent with the other Stripe language libraries and