vynetic-funds-split | Stripe Developers | Page 1

crude helmBOT Dec 13, 2022, 5:48 PM

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velvet remnant Dec 13, 2022, 5:49 PM

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vynetic-funds-split

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Can you provide a bit more details about what you need? What is a revenue split, who pays what part, who gets what part?

small oracle Dec 13, 2022, 6:07 PM

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Platform will help customers sign up for services from Vendors.

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Customers are invited to the platform by agents

velvet remnant Dec 13, 2022, 6:09 PM

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Connect is what you want in that case I would say

small oracle Dec 13, 2022, 6:09 PM

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Vendors will pay a commission to the platform that is then split with agents

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Issue that I see with Connect is the ACH part

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There is invoicing, but does the vendor get the same banking info?

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And the invoice amount is probably always going to be higher due to some drop off

velvet remnant Dec 13, 2022, 6:10 PM

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I'm sorry but this is unfortunately too high level/vague. I don't follow most of what you are describing

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what do you mean by "get the same banking info"? Same as what? What's higher and what about drop off?

small oracle Dec 13, 2022, 6:11 PM

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Invoices can be paid using ACH

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But I don’t want the vendor to get new info each time

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I’m giving them banking info when forming the relationship

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I kinda just want a bank account per vendor that they can deposit funds into, and I can then split that using stripe

velvet remnant Dec 13, 2022, 6:15 PM

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then yes, you create a Customer for a vendor, and that has an ACH Credit Transfer Source with a bank account and then that vendor can use this each time they send you money. Read https://stripe.com/docs/sources/ach-credit-transfer

small oracle Dec 13, 2022, 6:19 PM

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Ok interesting

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I don’t need to initiate the transfer right?

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It will just happen when a vendor transfers into the account

velvet remnant Dec 13, 2022, 6:22 PM

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The word Transfer in our API means something really specific about moving funds from the platform account's balance to the connected account's balance.
Please try to be a lot more descriptive about what you are trying to answer

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my colleague @oblique latch is taking over and can answer follow up questions!

small oracle Dec 13, 2022, 6:29 PM

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I guess my question is, the vendor is going to send a commission every month via ACH, so I need to do anything outside of creating this source/account

#vynetic-funds-split