Soba | Stripe Developers | Page 1

harsh coralBOT Oct 11, 2022, 10:21 AM

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ancient hedge Oct 11, 2022, 10:23 AM

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Hi there,
First of all, you need to make sure that your platform and connect account meet the requirement in order to make a cross-border transfer between accounts:
https://stripe.com/docs/connect/account-capabilities#transfers-cross-border
https://stripe.com/docs/connect/cross-border-payouts

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For the fees, I suggest you to contact support for that, we don't know much about them here
https://support.stripe.com/contact

green tree Oct 11, 2022, 10:26 AM

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Ahh i see. I will take a look and contact support then. Thanks @ancient hedge for the quick reply 🙂

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Actually just as a follow up question, if my situation does not meet the requirements for cross border transfers, will i still be able to setup a connected account in another country and collect payments in that country with the connected account?

native peak Oct 11, 2022, 10:31 AM

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you can onboard an account in pretty much any country we support(with a couple of exceptions like India/Mexico) yes, but certain funds flows won't be possible depending on the overall set up and location of your platform.

green tree Oct 11, 2022, 10:31 AM

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so for example, our main business is in Singapore, but we will also have users in Thailand.
on the main Stripe account (in Singapore), i am able to collect and payout to Singapore cards / banks no issue
from my understanding, without a connected account if I have someone that wants to pay with a Thai card, it will be converted to Singapore Dollars, yes?

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is it possible to setup a connected account with our bank in Thailand and use "on_behalf_of" in order to keep the funds in Baht, in order to mitigate the conversion fee?

native peak Oct 11, 2022, 10:39 AM

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from my understanding, without a connected account if I have someone that wants to pay with a Thai card, it will be converted to Singapore Dollars, yes?
no. What matters is the currency you choose when you call the API to process the charge.

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doesn't matter what the card is. If you charge in currencies that are not SGD then they will get converted yes. (because of https://stripe.com/docs/payouts#supported-accounts-and-settlement-currencies)

green tree Oct 11, 2022, 11:01 AM

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Ahh I see. thank you for clarifying

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So to rephrase, is it possible to create a connected account w a Thai bank, and charge in Thai Baht, using on_behalf_of?

native peak Oct 11, 2022, 11:03 AM

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you can charge in Baht on any Stripe account

#Soba