#Leonardogranetto99
modest nova
rancid tinsel
Hi there!
If you want to move money from your platform acount to a connected account, you need to use a transfer: https://stripe.com/docs/api/transfers/create
And if you want to put money into your platform account, you may be able to use a topup if you are in the US: https://stripe.com/docs/connect/top-ups
re-posting your question here:
Or let me ask differently. Are transfers limited somehow? Or can I send as much money as I want to a connected stripe account, as long as my bank account has enough money in it
When you do a transfer, you need to have enough available balance in your Stripe account for it to work. Ir you need to pass the source_transaction parameter of a recent payment https://stripe.com/docs/api/transfers/create#create_transfer-source_transaction
Otherwise the transfer will fail
That's why I mentioned top-ups, to add money to your platform account if needed. But that only works in the US.
timid patio
Thanks for replying 🙂
My problem is the following -> I really love stripe connect, but I have to integrate paypal as well in our platform because it's widely used and we don't want to be limited. My idea was ->
- onboard sellers in stripe.
- They sell via stripe normally and it goes to their account and I take a cut
- Offer paypal too, paypal money goes to muy bankaccount and then send the money via transfers to the connected accounts.
Is that possible?
So the money has to be in the stripe account. So a transfer will fail, if I don't have enough money in my stripe account even though I have it in my bank account?
rancid tinsel
Is your account in the US?
timid patio
Unfortunately not
rancid tinsel
Then you can't do top-ups to increase the available balance of your platform.
So a transfer will fail, if I don't have enough money in my stripe account even though I have it in my bank account?
Yes that's correct. But you could wait for your available balance to increase, and re-try the transfer later?
timid patio
That would be a little messy. Because we would depend on the users to buy via stripe.
Can I manually put money from my bank account to stripe?
Because I think I can code it in a way that I would have to send all the money once. So it wouldn't an effort I think
rancid tinsel
Can I manually put money from my bank account to stripe?
I think this is only possible with top-ups, which is only available in the US. Let me double check...
Can you try this? https://stripe.com/docs/add-funds
timid patio
I found that too. Looks like it it possible. Looks like that's the only way right now. So after adding a fund to my stripe account, I'm able to send everything to connected accounts right?
rancid tinsel
Yes, but the transfer will only work if you have funds in your available balance. And it may take a couple of days for the funds to arrive in your Stripe account.
Also you might want to enable manual payouts on your stripe account, otherwise Stripe will automatically send your available balance to your bank account https://stripe.com/docs/payouts#payout-schedule
timid patio
Thank you soma.
One last question: this top-up feature, are you planning on implementing it in Europe?
If yes, any idea when ? 😅
rancid tinsel
No idea, sorry!