#kamimas
rich violet
inland gull
Hello, good question, looking in to it. Quick question for you: are you using Standard, Express, or Custom connect accounts here?
mighty terrace
I want to say that it's custom
inland gull
Gotcha, in that case you are likely either making Destination Charges or Separate Charges and transfers. One way to avoid currency conversions there is by using the on_behalf_of parameter, it makes the connected account the merchant of record and means that the payment will be send directly to your connected account in its settlement currency before the fee is sent to your platform https://stripe.com/docs/connect/currencies#destination-charges-on-behalf-of
Still looking in to how to make sure the fee comes out of your cut, will get back on what I can find
mighty terrace
ok perfect. So I set the presentment currency to the connect customer's currency, the fund goes into their account without converting and then our cut can be deposited. Is that right?
inland gull
Right.
As for the Stripe fee, unfortunately we don't show exactly what the fee will be before the charge is made. That being said, if you are on our standard fee rate, you can calculate 2.9% + $.30 of your payment's total and take that out of the fee you are taking. If the actual fee ends up being different than what you calculate, you can make a Transfer to or from your connected account to make up the difference
mighty terrace
I see, so to just confirm the flow.
money -> customer -> calculate 10% - 2.9% - $0.30 - > transfer to platform -> everyones happy
inland gull
Yes, though the one thing that I will add is that you can set up this fee amount automatically by setting it as application_fee_amount or transfer_data[amount] on your payment intent
mighty terrace
At the end of the day though, can I add two separate bank accounts so that if the settlement is in USD it deposits there if CAD it deposits to CAD?
inland gull
If you are Canada based I think you can definitely have two accounts. If you are US based I forget if you can. https://stripe.com/docs/account/multiple-accounts
If you reach out to our support team they should be able to help you get that set up https://support.stripe.com/?contact=true
