#Kaartik-exception-live
surreal mason
Hello 👋
What's the account ID? Also, can you share the request ID?
https://support.stripe.com/questions/finding-the-id-for-an-api-request
cedar summit
Account: acct_1LVtmwRJ6Xj33xxq (transfer destination)
Payment ID pi_3LVyFdEWGxuCsZeL1Kw4Jzr2
Can't find the request ID unfortunately
I was using Stripe's Payment Intents
This was the customerID who tried to pay cus_MBwahZVCkYj9UT
Hey @surreal mason
here are some more details for you please!
surreal mason
I believe the connected account still needs activation before it can accept transfers
surreal mason
I don't think so as you're using destination charges
cedar summit
Sorry I've been off this code for a while and just need to reconfirm
Destination charges meaning that the money goes straight into the bank of the connected account right
surreal mason
Destination charges is when platform gets the funds first and then creates a transfer to the connected account
https://stripe.com/docs/connect/destination-charges
cedar summit
Ah yes, that
So if I set the application fee amount to be 20% of the charge, then 20% - the Stripe fees goes to the platform right
surreal mason
With destination charges the platform is responsible for Stripe fees, yes.
Application fee is what the platform charges
cedar summit
Also, I'm trying to understand the difference between settings destination charge and setting On Behalf Of
Is there any reason I need to configure both? or Am I doing this wrongly?
And thank you so much for the clarification on the above :))
surreal mason
on_behalf_of parameter defines the settlement merchant.
When you use on_behalf_of:
- Charges are settled in the connected account’s country and settlement currency.
- The connected account’s statement descriptor is displayed on the customer’s credit card statement.
- If the connected account is in a different country than the platform, the connected account’s address and phone number are displayed on the customer’s credit card statement.
- The number of days that a pending balance is held before being paid out depends on the delay_days setting on the connected account.
If on_behalf_of is omitted, the platform is the business of record for the payment.
cedar summit
Oh wow nice I see 😄
Thank you so much!!!
Btw one last question please
Is there any way I can allow a floating balance in Stripe?
Meaning I wouldn't have to have my users activate their account to receive payments, and the funds would be channeled into their accounts once they have activated their account
surreal mason
I don't think that would work with destination charges.
You may want to look into Separate Charges & Transfers here
https://stripe.com/docs/connect/charges-transfers
cedar summit
Hmm, I've read into this and it seems unlikely that it would work I think?
Is there any way/ anyone I can confirm with if I can maintain a floating balance on Stripe
Wouldn't want to try developing the Separate Charges & Transfers only to find out that users would have to have their account activated before being able to accept charges
(aka the issue I'm facing right now)
surreal mason
The only way this could work is with Separate Charges & Transfers
Platform account would process the charges and hold the balance. Once the connected account is activated (you can listen for webhook events), You can create transfers manually (using the API).
There aren't any other ways to keep the funds on the platform and automate the transfer as soon as the account is activated.