#AJM Softwares
supple sparrow
torn osprey
hi! a platform account can transfer to its various connected accounts.
earnest rapids
How can we add a platform account ?
torn osprey
you don't add it generally, it's just your own account, it's the one that you are connecting the other accounts to
if you start with a guide https://stripe.com/docs/connect it will walk you through the steps
earnest rapids
Our product "Adapt" is a marketplace for multiple stores and we are collecting the bank details of the stores. so when some end customer places any order, first that amount is transferred to "Adapt's Stripe Account" then we transfer the amount to the store's bank account laster. So for transferring the amount from our account to the store owner's account, do we need transfer capabilities?
earnest rapids
you don't add it generally, it's just your own account, it's the one that you ar...
here we need to select "express" account type, but we have "standard" account type.. Also we dont want store owners to onboard directly on stripe
torn osprey
do we need transfer capabilities?
your account(Adapt) needs to be a full normal/Standard account as it's your platform that processes the payment. The connected accounts (receiving the transfer) need thetransferscapability at least yes
earnest rapids
but transfer capability is only available for express account..
torn osprey
here we need to select "express" account type, but we have "standard" account ...
yes it's generally recommended to use Express for use cases that involve direct tranfers. You can use Standard for Direct Charges though. But either way is possible if you understand the implications
earnest rapids
stripe connect vs stripe ACH credit.. are these same? to transfer the amount?
torn osprey
but transfer capability is only available for express account..
I don't think that's true really.
torn osprey
stripe connect vs stripe ACH credit.. are these same? to transfer the amount?
they're totally different, not sure how I can answer that
Stripe Connect is for managing mutliple Stripe accounts and managing funds flows between them. ACH Credit is one payment method that end-customers can use to make payments to a Stripe merchant account
earnest rapids
also, what's the difference between ACH credit and ACH debit?
torn osprey
credit is when you give your bank number to the customer and they use their online banking etc to initate a transfer to it
debit is when they give you their bank details and you do a direct debit
earnest rapids
Is there any other way we can create a connect account without sending them the onboarding link?
with standard connect account type
there?
torn osprey
why wouldn't you want to send them the onboarding link?
how else are they going to sign up and activate their Stripe account?
earnest rapids
we want to add their account through API
torn osprey
then you can't use Standard
are you saying you really want to build your own onboarding experience?
earnest rapids
Yes
torn osprey
you want to build your site to collect name/addres/date of birth/tax ID/passport photo etc?
earnest rapids
we want to build our own onboarding process from our side
torn osprey
do you have experience building something like that and a large dev team?
earnest rapids
you want to build your site to collect name/addres/date of birth/tax ID/passport...
Yes, we are taking their bank details and saving them into stripe.
torn osprey
there's so much more than just bank details
earnest rapids
do you have experience building something like that and a large dev team?
Yes, we are a software company
torn osprey
I really really really highly suggest not trying to build this yourself. If you want to and you're prepared, then it's https://stripe.com/docs/connect/custom-accounts
I'd suggest scoping it out as it will likely be a few weeks/months of work at least, depending on your resources and how familiar you are with Stripe and building experiences like this.
I highly suggest using Standard/Express instead
earnest rapids
there's so much more than just bank details
we are taking these details for onboarding the connect account on stripe
We want to use standard account to achieve the above..
torn osprey
yeah but you can't
earnest rapids
can we achieve this through express account?
torn osprey
Standard accounts have their own relationship with Stripe and they use our onboarding, you can't supply infomarion for them in the API
torn osprey
can we achieve this through express account?
earnest rapids
how much stripe charges for creating the account and transferring the amount to that (per account)?
how much stripe charges for creating the account and transferring the amount to that (per account)?
torn osprey
great question for https://support.stripe.com/?contact=true
this channel is for coding/technical questions
pricing info is on https://stripe.com/ie/connect/pricing and our support team can help with any queries there
earnest rapids
We are following these step no. 2-5 for creating connect account and transferring payouts. https://docs.google.com/document/d/1LRJyvnxkpRgdhCCLY-qVZHaNhHakojie5hVbvV0UvTU/edit?usp=sharing
torn osprey
sounds like you have a sale contact, why don't you ask them?
earnest rapids
is the technical document that we are following