Murtaza Shah | Stripe Developers | Page 1

atomic siloBOT Nov 30, 2022, 4:54 AM

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meager isle Nov 30, 2022, 4:57 AM

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With authorisation and capture, the fund will be held on the customer's card in authorisation stage and only moved to account's balance after the capture. This is independent on the payout.

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Payout is from the account balance to the bank account

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The payout schedule can be configured on your account here: https://stripe.com/docs/payouts#payout-schedule

For connected account payout schedule, it can be configured with the steps here: https://stripe.com/docs/connect/manage-payout-schedule

weak prairie Nov 30, 2022, 5:00 AM

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Thanks for quick reply . but am confused like if i have a credit/debit card and i buy a product of 10usd and it will be held like you mentioned earlier right so after some days e.g 14 days can i transfer that 10usd from stripe account to that charged credt/debit card ?

proven sleet Nov 30, 2022, 5:03 AM

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I think you are confused. Are you a Customer who purchases goods, or a Stripe merchant who accepts payments from your customers?

weak prairie Nov 30, 2022, 5:08 AM

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well am developing a Ecommerce web app and my aim is to implement a funtionality like fiver which will get customer cash on hold and after few days when cusotmer satisified with the product then after few days the stripe will automatically transfer that amount to the merchant

proven sleet Nov 30, 2022, 5:15 AM

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So yes, that the Auth + Capture flow, mentioned in https://stripe.com/docs/payments/place-a-hold-on-a-payment-method, but that only gives you 7 days

weak prairie Nov 30, 2022, 5:16 AM

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but i have read about the automatic payouts which can we set manually like weekly , monthly etc

proven sleet Nov 30, 2022, 5:20 AM

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That's after transaction. What if your customer is not satisfied with the product? Will you do a refund before payout?

weak prairie Nov 30, 2022, 5:21 AM

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proven sleet That's *after transaction*. What if your customer is not satisfied with the prod...

certainly

proven sleet Nov 30, 2022, 5:21 AM

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It's worse than simply Auth and hold off Capture, and if they are not satisfied then don't Capture

weak prairie Nov 30, 2022, 5:22 AM

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so kindly elaborate sir

proven sleet Nov 30, 2022, 5:23 AM

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I mean you just do an Auth without Capture, then give your customer 7 days to tell if they are satisfied. If yes then proceed with Capture, if not, just leave the transaction as-is

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As explained here! https://stripe.com/docs/payments/place-a-hold-on-a-payment-method

Place a hold on a payment method

Separate authorization and capture to create a charge now, but capture funds later

weak prairie Nov 30, 2022, 5:24 AM

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ok thanks and if they satisfied then ?

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how can i use payouts to transfer that amount to merchant automatically

proven sleet Nov 30, 2022, 5:26 AM

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Let's say they satisfied, you Capture the transaction. Then you can either

Setup Automatic Payout for your Connected Account
Manually generate Payout for your Connected Account

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Automatic Payout will group transactions in example 1 day, to transfer to the merchant bank account. Manual Payout you control the amount

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See https://stripe.com/docs/connect/manage-payout-schedule and https://stripe.com/docs/connect/manual-payouts

Managing payout schedule

Manage the automatic payout schedule to your connected accounts.

Using manual payouts

Sending manual payouts to your connected accounts

weak prairie Nov 30, 2022, 5:32 AM

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inshort it can be done right sir

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and am using credit/debit card for now so its all good to go

proven sleet Nov 30, 2022, 5:34 AM

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You use credit/debit card for what?

weak prairie Nov 30, 2022, 5:36 AM

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like for now payment option for customer to buy good

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goods*

#Murtaza Shah