#shpatak
grizzled delta
unborn egret
I believe payout fees depend on which kind of connect accoutns you're working with - do you have details on what your connect integration current looks like? Are you using Standard? Express? Custom?
tiny minnow
Oh, not sure about that. I don't know which one better fits my needs in these case? Could you please advice me something?
I see that Express and Custom does charge $2 + 0.25% + $0.3
However, Standard doesn't include any, is there a pitfall or drawback ?
unborn egret
It really depends on your business model/what you're trying to accomplish - I'd highly recommend reading through this breakdown we have of all the account types (https://stripe.com/docs/connect/accounts) before choosing which one is best for you
tiny minnow
Does both Standard and Express hav the same dashboard? Do these user have to install Stripe Application on phones or access Stripe website dashboard to manage their payouts?
unborn egret
No, standard and express have different dashboard experiences. And as long as you have platform controls, you (as the platform) would be the one managing their payout timing/schedule for both standard and express
tiny minnow
Since I will be managing client payouts, what kind of dashboard client will have access to?
I mean, why does client want to use Stripe dashboard if the app (my platform) will be responsible for payouts/schedules etc..
unborn egret
Well part of it has to do with liability (like disputes) - with standard accounts the liability falls to them (not the platform), and in that case having dashboard access allows them to address disputes
For Express accounts, while they don't have control over the payout schedule, they do have control over the specific payout bank accounts they add to their account (which they can add through the dashboard)
and the express dashbaord also gives details on each of the transfers that come into the express account balance, so if the platform doesn't want to build that they can rely on the stripe's dashboard
tiny minnow
Is onboarding the same for Standard and Express?
And do both of them have ability to change the payout banking account at any time?
unborn egret
Yes, both have the ability to change the payout banking account and both can use Account Links to go through the onboarding process
tiny minnow
Awesome!!
With my intro message describing the product business logic, does only the payout fit to make the client B to earn money, or there is another kind of paying out to client B? If short, what is the difference between Payout and Transfer?
unborn egret
Transfers refer to moving funds from one Stripe Account to another Stripe Account. So if you were a platform that accepted the funds from User A (as a customer), then you could transfer funds to User B (who has an account that is connected to your platform)
In comparison, Payouts are moving funds from a Stripe Account to a bank account outside of Stripe.
tiny minnow
Oh, I am so stupid
Which one of the three fits more to my business logic (Direct charges, destination charges or separate charges and t ranfsers)?
unborn egret
It depends on the account type you go with
tiny minnow
Not sure, but I think standard
unborn egret
If you're using Standard, we recommend going with direct charges. If you go with Express then either destination or separate charges and transfers will work
tiny minnow
Also taking into consideration the fact that my app is keeping that amount of money client A paid, so that client B is safe to proceed to packing up the goods he offers
client B sees that client A has paid and is good to go
unborn egret
Given your use case, I'd actually recommend going with express accounts + separate charges and transfers
That way you can delay transferring the funds to client B until your sure of the delivery
tiny minnow
Does only the separate charges delay the charges and transfers?
unborn egret
Correct
tiny minnow
Stripe docs suggests using that combo (express + separate charges), but it doesn't mean I must go with that combo, right? I mean can I use Standard + separate charges, or there are pitfalls?
I appreciate your recommendation!
unborn egret
There are definitely pitfalls to standard + separate charges
To be brief - it results in confusing flows in terms of liability (for disputes) and also gives the standard account very little power to handle chargebacks/disputes (since it's the platform that created the charges, so the connected account doesn't have the ability to address them directly)
tiny minnow
Does Stripe involve fees on transfers (or fees are applied only on charges and payouts)?
unborn egret
There shouldn't be any fees involved in transfers as far as I know (but you should definitely try this all out in test mode to confirm)
unborn egret
happy to help!
tiny minnow
Is that thread going to be deleted?
I need that information to be safe
I am new to discord - I am not a gamer)
unborn egret
The thread will be archived (so not deleted, just won't accept new responses after a while)
So you can always come back and reference it later
unborn egret
👍
tiny minnow
Thank you again so much! I appreciate it! Have a nice day mate! Bye!