tochinicky | Stripe Developers | Page 1

gloomy minnowBOT Jan 9, 2023, 10:55 AM

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green wedge Jan 9, 2023, 10:56 AM

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hi! it depends what country they're in and what those accounts would be doing, https://stripe.com/docs/connect/service-agreement-types would help explain it

fervent loom Jan 9, 2023, 10:57 AM

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i've read it

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can you explain this to me - The recipient ToS agreement is not supported for platforms in US creating accounts in US.

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and this too - 'Funds can't be sent to accounts located in DE when the account is under the full service agreement.

green wedge Jan 9, 2023, 11:02 AM

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fervent loom can you explain this to me - The recipient ToS agreement is not supported for pl...

what can I explain exactly?

green wedge Jan 9, 2023, 11:03 AM

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fervent loom and this too - 'Funds can't be sent to accounts located in DE when the account i...

cross border transfers are generally not allowed; that's why the recepient agreement exists(to onboard an account as purely a receipient and not a merchant, which allows for cross border money movevment)

fervent loom Jan 9, 2023, 11:03 AM

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okay......

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so how do i know countries that need the recipient agreement when onboarding

green wedge Jan 9, 2023, 11:07 AM

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depends on your use case but a good start might be any country that is not US

fervent loom Jan 9, 2023, 11:07 AM

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i think i get your point

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so those in the US can select the full service agreement and those outside the US can select the recipient service agreement right??

green wedge Jan 9, 2023, 11:09 AM

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seems like it

fervent loom Jan 9, 2023, 11:10 AM

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please if you can confirm it, i don't want to assume it🙏

green wedge Jan 9, 2023, 11:19 AM

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I can't confirm it since it depends on you and what your platform needs

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for example if your platform wants to process payments through the connected accounts(German connected account acts as a merchant and charges an end customer directly with Direct Charges) then the recipient agreement would not be a good fit

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but if you're just sending transfers/payouts to the connected accounts then it's exactly what you want

fervent loom Jan 9, 2023, 11:21 AM

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it's just to send transfers/payouts to the connected accounts that's what my platform wants

fervent loom Jan 9, 2023, 11:24 AM

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fervent loom so those in the US can select the full service agreement and those outside the U...

the platform charges the end customer and transfers the amount to the connected account, with this example, i guess i will go with this right?

green wedge Jan 9, 2023, 11:25 AM

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yep

fervent loom Jan 9, 2023, 11:25 AM

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thank you so much

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please one more thing

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is there a charge when the platform account in USD transfers to a non-USD connected account, if yes, how do the platform charge for such

green wedge Jan 9, 2023, 11:28 AM

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there are no charges for making transfers between Stripe accounts using the /v1/transfers APIs

fervent loom Jan 9, 2023, 11:28 AM

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even when it converts from USD to EURO

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no charge for currency conversion??

green wedge Jan 9, 2023, 11:30 AM

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there are fees for that yes https://stripe.com/docs/connect/currencies

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Currency conversions use the current exchange rates provided by our service providers, with an additional conversion fee applied by Stripe. There are online resources for conversion calculation that can help you estimate current market rates

fervent loom Jan 9, 2023, 11:31 AM

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you've been helpful, thank you

#tochinicky