snoozy-connect-payouts | Stripe Developers | Page 1

mild granite Oct 19, 2022, 10:32 PM

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Hello! Starting up a thread for you

cinder coral Oct 19, 2022, 10:35 PM

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Thanks! For some additional context if helpful — we’re still on ACHv1 Charges API and I believe we have T+2 settlement timing

mild granite Oct 19, 2022, 10:36 PM

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Sorry had to read your question a couple of times to grasp it - just to make sure I understand, your issue is that card and ACH payments go to different balances right?

cinder coral Oct 19, 2022, 10:37 PM

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Yep! It seems like Connect payout streams for cards and ACH are completely separate.

mild granite Oct 19, 2022, 10:38 PM

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Yeah as far as I know there isn't a way to get them to go to the same balance (there's regulatory reasons for separating those out)

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I need to head out soon but @maiden pebble can help with any other questions you have

cinder coral Oct 19, 2022, 10:39 PM

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I see, so separating charges and transfers won’t affect this behavior?

maiden pebble Oct 19, 2022, 10:40 PM

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That is correct.

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With ACHv1, these balances are separate. However, if this is an big issue, our ACHv2: https://stripe.com/docs/payments/ach-debit does not separate the balances.

cinder coral Oct 19, 2022, 11:04 PM

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Oh, so ACHv2 solves this issue?

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Also, with ACHv2 + Financial Connections, is there an easy way to do balance checks before the debit on Stripe's infra?

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The latency profile of Financial Connections would force us to re-architect our payment initiation flow in order to do the balance check in house

maiden pebble Oct 19, 2022, 11:08 PM

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Yes, ACHv2 will solve this issue. Are you able to provide more clarity on the last two lines?

cinder coral Oct 19, 2022, 11:09 PM

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We'd like to reduce NSF likelyhood as much as possible and one mechanism we're looking at w/ Plaid is to do a balance check on the bank account to see if there are enough available funds. While not perfect, it would hopefully reduce the risk.

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Since Plaid/Financial Connections balance check takes around 1-10secs depending on institution, we probably can't hold the request open for that long -- a queuing system might be necessary to batch the balance check + ACH payment initiation.

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It would be nice if the ACHv2 API had an option of "perform_nsf_check" if the account has Financial Connections enabled so we wouldn't have to rebuild the payment initiation flow on our side

maiden pebble Oct 19, 2022, 11:23 PM

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It sounds like Stripe Financial Connections, https://stripe.com/docs/financial-connections is exactly what you're looking for where you can check the available balance, https://stripe.com/docs/financial-connections/balances

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Is the concern that it takes 1-10 seconds?

cinder coral Oct 19, 2022, 11:27 PM

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Yea, worried about timeouts/connection drops especially on spotty mobile connections

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There might be a clever hack with webhooks in here, but just wanted to figure out if this feature exists today. Would definitely move over from Plaid for this 🙂

maiden pebble Oct 19, 2022, 11:31 PM

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Stripe emits a financial_connections.account.refreshed_balance event where it shows the latest balances.

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I'd highly recommend that you go through the above two documents as it appears to solve your business needs.

#snoozy-connect-payouts