#icurrytheteam
quaint tulip
hot tangle
Hi there!
harsh finch
Hi Soma!
hot tangle
Yes that's possible when creating the subscription with application_fee_percent https://stripe.com/docs/api/subscriptions/create#create_subscription-application_fee_percent
You can learn more about this here: https://stripe.com/docs/connect/subscriptions
harsh finch
So using this parameter, I can partition the payment so that X% is collected for myself, while the rest goes to the vendor? Doesn't Stripe charge for each successful transaction like this one? If so, then how does Stripe charge us for that (i.e., charged when the transaction is succesful, they calculate it and send an invoice for all transactions made, etc)
hot tangle
Here a better link with the full code that you should use: https://stripe.com/docs/connect/subscriptions#use-destination-charges-to-create-a-subscription
So using this parameter, I can partition the payment so that X% is collected for myself, while the rest goes to the vendor?
Correct
Doesn't Stripe charge for each successful transaction like this one?
Yes, you can referee to Stripe pricing for this: http://stripe.com/pricing
Note that in this case the platform account would be paying the fees
harsh finch
Ok, that sounds great. I am asking this because I'd like to do a split where X% goes to myself while Y% goes to the vendor. (creator of the product that the customer is subscribing to, we have multiple vendors)
hot tangle
Yes, that should work.
harsh finch
May I ask another unrelated question, while you're helping?
Regarding connected accounts?
hot tangle
Sure!
harsh finch
When a vendor "registers" with our business or rather gets "onboarded", do we provide a link that lets them create a Stripe connected account where they enter their information on their own or do we have to do that ourselves?
Like does Stripe Connect allow us to have our vendors onboard themselves? Am I making sense here?
hot tangle
What types of connected accounts are you creating? Standard, Express, or Custom?
harsh finch
Express
hot tangle
Then you create an Express account with the API, then create an Account Link and redirect the user there, and Stripe will take care of the onboarding.
You can learn more about this here: https://stripe.com/docs/connect/express-accounts