#euliveiras-currency-connect

1 messages · Page 1 of 1 (latest)

safe trail
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Mostly you get the amount settled in one currency and then you transfer that currency to the connected account. No way around it

dusky marten
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but if my platform account balance is in a currency other than the one specified at the time of creating the charge?

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for example, in the charge I specify the currency usd, but in the balance of my main account it is brl. the problem is that I need to transfer to the connected account, but my main account is not necessarily in the same currency as the transfer

safe trail
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correct

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you charge in USD, you get BRL and then you transfer BRL to each connected account

undone minnow
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Let me try in our scenario. The main account is in USD, and Connect accounts are regionalized, for example, in BRL.
When a charge from a markeplace, with 2 stores and the same paymentIntent, (Separate charge and transfers), how do I transfer to the Connected Accounts in the currency of the Connected account?

safe trail
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you don't

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you transfer in your currency and it gets converted to BRL afterwards

dusky marten
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"invalid_request_error - source_transaction

The currency of source_transaction's balance transaction (usd) must be the same as the transfer currency (brl)"

this was the error i was getting

undone minnow
safe trail
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I'm sorry you're going a biiiiit too fast for me

undone minnow
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on_behalf_of is MY account? The account mother that opens the Connect ones?

safe trail
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like clearly you have real code and real errors and asking high level questions instead

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Let's say you have a charge for 10000 BRL and you want to split this between 3 separate connected accounts. You can't just do separate charges and transfers with Brazil or Mexico from the US

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Can you try and give clear examples?

undone minnow
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A marketplace customer in Brazil makes a purchase of R$10.00. Since my main account is in USD (the parent account of the Connected Accounts), how do I transfer the R$5.00 account to the seller's Contected Account?

safe trail
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what country is you main account

undone minnow
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US

safe trail
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well you can't use Separate Charges and transfers between the US and Brazil

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https://stripe.com/docs/connect/charges-transfers

Stripe supports separate charges and transfers in the following regions: Australia, Brazil, Canada, Europe, Japan, Malaysia, New Zealand, Singapore, and the U.S. Separate charges and transfers are supported if both your platform and the connected account are in the same region (for example, both in Australia). For cross-region support, see the cross-border transfers docs.

undone minnow
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Is there a way to sell in this marketplace globally?

safe trail
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I'm not sure what that sentence could mean

undone minnow
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Is there a way to have a single Stripe account and sell with a marketplace globally?

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I´m building a marketplace, and I though it was solve all the payments inside the marketplace

safe trail
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Well you can with on_behalf_of but not when also mixing up multiple connected accounts

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honestly, this isn't really a coding/developer question at this point. I'd recommend actively talking to our support team and covering your detailed business model, your countries footprint, etc.

undone minnow
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Thank you so much!

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I´ll try to reach the team

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and see a detailed schema

safe trail
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sure!

soft quiver
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Hi @undone minnow I'm taking over this thread

undone minnow
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We discovered the Connect Account can be open in the same region of the seller!

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We are very confused with currencies and connected accounts. I opened a ticket to try receive more informations in Portuguese. The documentation is super large and confusing, and I can't understand that the setup in US can't embrace all other regions