#FocussedGrind
charred plume
sudden bison
Hello
scenic gyro
hi
sudden bison
Where will your platform be located and where will your Connected Accounts be located?
scenic gyro
both in USA
scenic gyro
we can pick whichever would solve our usecase
sudden bison
You will use Separate Charges & Transfers for 1). See: https://stripe.com/docs/connect/charges-transfers
If you want to handle all KYC then you want Custom Accounts
Where your platform just interacts with Stripe
And you collect the necessary data from your users
scenic gyro
Basically we don't want service providers(restaurants) to navigate to stripe.com for onboarding. We can collect it in our platform and send it via API to stripe
sudden bison
No that is Connect Pricing
Instant Payouts have their own pricing I believe
But I'm really not very familiar with Pricing as I focus on the API
So you'll want to talk to our Support team if you have Pricing questions
scenic gyro
cool. ONe last question. If we build custom connected accounts, can we also prevent service providers in accessing their stripe accounts?
sudden bison
With Custom Accounts you control everything from your platform. It is as-if Stripe doesn't exist to your users. They interact with you and you interact with Stripe.
scenic gyro
got it. Thanks a lot
sudden bison
Sure thing
scenic gyro
How long can the money be left in stripe account?
We as marketplace(connecting users and restaurants) collect funds from end users, say 25$. But end user only spend 10$ today. 10$ goes to restaurant and remaining 15$ stays against end user in Stripe. How long can the funds be left in Stripe? Or Whatever charged from end users immediately go into the marketplace's bank account?
keen pond
As long as you are not set to automatically deposit the funds from Stripe to the external account, I"m not aware of a hard limit.
scenic gyro
But let's say the amount has gone to marketplace's linked bank account, and say later we want to send funds to a connected account, following will be the flow, correct?
a) Stripe gets funds from marketplace's bank account
b) then Stripe sends the funds to connected account.
keen pond
Sorry here are the limits: https://stripe.com/docs/connect/account-balances#holding-funds. It does depend on the country of the merchant.
scenic gyro
ok, since both the marketplace and restaurants are in USA, it will be 2 years.
My question is slightly different.
userA places order at restaurantA today for 10$.
Remaining 15$ is sent to marketplace's(say doordash kind of company) bank account.
Few days later when userA places order at restaurantB, can we use Stripe to send money from marketplace bank account to restaurantB?
keen pond
- A Platform can transfer funds to a Connect Account at any time
- That isn't generally how Connect funds flows work
scenic gyro
So, in stripe connect, within a single transaction, funds has to move from end user ==> market place ==> service provider(restaurant), correct?
Once the funds leaves Stripe connect and reaches marketplace bank account, we can't use it later to relay it to service providers for future orders, correct?
keen pond
That depends entirely on how you create charges and what account types you use
scenic gyro
We will be using custom connected accounts
keen pond
As I said, you can send funds from a Platform to a Connect account at any time
In that case (Custom Connect) I suggest you look into Destination Charges: https://stripe.com/docs/connect/destination-charges
You can see the flow of funds in that doc.