#LINH
west bridge
spare dock
Hi there, yes you can use separate charges and transfers to accomplish this https://stripe.com/docs/connect/charges-transfers
The platform is responsible for the stripe_fee in this case.
swift mulch
if we transfer full $75 and $25 to connected accounts, how Stripe charge the transaction fee
spare dock
Stripe fee applies to payment (i.e., $100) and doesn't apply to transfers (i.e., $75 and $25).
crimson hazel
So Stripe will charge transaction fee from the platform's balance right?
spare dock
The stripe_fee is taken directly from the charge.
This diagram explains the fund flow
crimson hazel
In our case, we want to transfer full charged amount ($100) to 2 Connected accounts ($75 and $25), is it possible?
spare dock
Yes you can, but I'd suggest you to charge more than $100 to cover the stripe_fee.
crimson hazel
In our case, if we just able charge $100 only, but still want to tranfer full charged amount ($75 and $25), so how Stripe collect stripe transaction fee?
median dagger
👋 Taking over this thread. Catching up now
Stripe fees will be debited from account balance.
See https://stripe.com/docs/connect/charges#separate-charges-transfers for more information
crimson hazel
I see.
However, if we setting Payout schedule is Automatic every day, so Stripe will transfer all charged amount from balance to the bank account, so the balance is insufficient fund for the stripe_fee, so how you handle this case?
median dagger
If platform account balance has insufficient balance, the transfer request will fail
For example, if your account balance is $0 and collect payment of $100 with transfer of $75 and $25, the second transfer request will fail when the fee is $3 since your account has insufficient funds after Stripe fee
crimson hazel
Ok thanks for the details!
median dagger
No problem! Happy to help 😄