#tomfree

1 messages · Page 1 of 1 (latest)

blissful pilotBOT
merry panther
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Hi,
You use case looks quiet particular, let me try to understand it and help.

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That leads to the problem that e.g. my price is setup as 0.0175 EUR per unit. But the customer comes with a revenue for 10 GBP
Why not creating for each customer, multiple subscriptions, one for each currency and create an usage record for each currency once happens, and at the end of the billing cycle they got multiple invoice for each used currency

noble copper
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This would mean to create a huge number of prices and subscriptions and make the data model kind of complicated. Also I dont necessarily know what cusotmer will come with what currencies, so hard to do I guess. Is option 1 possible?

merry panther
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2), I would say create a Subscription for each currency, which is my first though/message

noble copper
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or just created payments intents on the go?

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how does stripe do it internally? Since stripe also charges %?

merry panther
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Option 1) you may refer to public currency exchange rates for that, there is no Stripe public API for that

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This would mean to create a huge number of prices and subscriptions and make the data model kind of complicated. Also I dont necessarily know what cusotmer will come with what currencies, so hard to do I guess.
Agree

merry panther
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The same customer can make his revenu in multiple-currencies ?

noble copper
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am checking. Will come back in a few min i guess

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i see i can configure those options for metered billing. How do I tell the usage record i create in which currency it is so the right currency is applied of the usagePrice?

restive mist
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Hi there 👋 I'm jumping in as my teammate needed to step away.

It sounds like what you're trying to model may be a good fit for Stripe Connect. Connect allows you to create Connected Accounts (which are Stripe accounts) that can conduct payments, and then you as the Platform Account can retain an application fee from your Connected Account's transactions.

Some common examples of where we see it being used is for marketplaces, where each seller is a Connected Account, or ride-hailing services where each driver has a Connected Account.

https://stripe.com/connect

But please let me know if it seems I've misunderstood what you're trying to accomplish.

Stripe Connect | Platform and Marketplace Payment Solutions

Stripe Connect is the fastest and easiest way to integrate payments and financial services into your software platform or marketplace.

noble copper
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hmm. not really I guess. since the payent of the customer goes via his system. I just calculate price for him and do a piece of fulfillment.
So I guess my best option is to create payment intents each time instead of using usageBasePricing. IUs there a way to tell stripe at creation of paymentintent to always use the default payment method of the customer or do i need to retrieve aht one first myself?

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or beter yet leave that open and have stripe apply default payment method when creating the bill or would a single paymentintent be billed directly?

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or alternatively going back to the suggestion of your colleague how can i tell the usagerecord which currency of a price to apply?

restive mist
restive mist
noble copper
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i want to have the charge for the usage be on the regular bill and deduct it from customer at end of billcycle using his current default payment method. Meanwhile i geuss paymentintent is the wrong way to go but i need to create an invoiceitem?

restive mist
# noble copper or alternatively going back to the suggestion of your colleague how can i tell t...

It sounds to me like you want to use a Subscription for that. They are designed to automatically process charges on a recurring basis.
https://stripe.com/docs/billing/subscriptions/overview

Unless you're saying you want your code to trigger those payments, in which case you would likely work with Payment Intents or Invoices directly.

How subscriptions work

Learn how subscriptions work within Stripe.

noble copper
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well i would love a subscription and will use that for the fixed price per period component of my pricing modell. However for the usage /revenue sharing price I dont seem to be able to use stripe (As discussed above) and thus need to create thos invoiceItems myself, right?

restive mist
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If our Subscriptions won't work for the flow that you're trying to model and you still want to use our Invoice functionalities, then yes you will need to create the Invoice and Invoice Items yourself.

noble copper
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ok will see. thanks

restive mist
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Any time!

noble copper
restive mist
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We can continue here, what is your question/concern?

noble copper
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great. The issues is that when a customer initially subscribes to my product and i wanna setup subscription and default payment method I want the customer to click on the product he wants and then show him the details and allow him to enter payments details and on click he should have a subscription.

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The problem ist that it seems all solutions for that have quite drawback.s

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e.g. initially i opted for solution 2 and that creates a subscribtion with open paymentmethod but gives a cliensecret with which elements picks ups the payment data nd then sets up everything. issue there is however that when creation the subscroption but not having the payment detaisl already an invboice is create even though there is no contract yet

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do you know what i mean?

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meanwhile i am testing the other thing and have some issues there it appears i some bigger there with creating invoice items

restive mist
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Yes, that is the current flow for Subscriptions when using our Payment Element.

noble copper
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so lets get back to that one for now

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it seems i cannot add items in a different currency to the bill of subscription that comes in a different curreny

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thus i tried to take out the subscrioption from the stripe.invoiceItems.create call

restive mist
noble copper
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however now for that one i dont see an invoice in the account for the charge

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invoice item is ii_1MUsxgJgnOZBUP8a603BUrPS

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ok i see this one is pending

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when would it be invoiced?

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do i need to trigger it? since it isn't on the subscription bill?

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or alternatively coming back to the solution your colleague suggested. creating a useBasedPrice with multiple currencies. How can i tell a usagerecord which currency of the price it applies to?

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or is that sth the customer select at subscription?

restive mist
restive mist
restive mist
restive mist
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I would strongly recommend you look at using Connect. It would allow you to onboard your customers as Connected Accounts, allowing them to operate and settle in whatever currency they like, while your Platform account receives funds in its desired currency.

noble copper
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well as said i dont handle the payments of the customer. he does that and as far as I understand stripe connect that is kind of its thing riht?

restive mist
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Sorry, I'm a little confused, you are handling payments though right? That's why you're asking about how to process payments? Am I completely misunderstanding what you're trying to accomplish?

noble copper
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Ok. See the customer uses our product to get a price quote and then get a part of fulfilment. He uses the price and has his own payment processing. We however use theoinformaton of the revenue to <inStripe> participate at that revenue + a fixed monthly fee</inStripe>

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and what i indicated with the pseudo tags is what i wanna do in stripe.

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the fixe part is easy to bill

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the revenzue sharing however not

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and strope connect to my understanding would be for a case where we doe the overall payment pricessing which we dont really do

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and the revenue of the customer may come oin different currencies.... and we ant the some percentage of it ....

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and im struggling hard to set that up in stripe somehow

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how would you recommend i do that?

restive mist
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Okay, that does help make more sense. So it sounds like you want to use Stripe to accept payments from your customers. You won't be able to directly tie into the payments being made by your customers because you aren't involved in the processing of those payments. Instead you would collect Payment Method details from your customers, and then process payments for them based your pricing model.

Why does this require currency conversion work or multiple currencies?

noble copper
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because they do their business in different currencies and thus have their revenue in different currencies and since we want a part of that revenue there am I in the middule of currencies...

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make sense?

restive mist
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Yup, so it sounds like you'll want to figure out how to handle that currency conversion first.

noble copper
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does stripe have any optiosn for that? i mean you must do conversions right?

restive mist
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Sure, but you must present in a single currency, we do not support multi-currency payments. So you will at least need to settle on a single currency. We won't tell you how to do that conversion because it is dependent on how your business wants to handle those conversions. For instance, whether you perform currency conversion based on exchange rates at the time your customer processed a payment, or will you instead be converting currencies based on what the exchange rate is at the time you perform the conversion seems like a decision that would need to be made.

noble copper
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is there an api to get a currency conversion rate at (now or even better a specified timestamp)?

restive mist
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Not from Stripe as we don't set exchange rates. We describe here the approach we use for determining the exchange rate that we will use:
https://stripe.com/docs/currencies/conversions#:~:text=When converting currencies on a payment or transfer%2C Stripe applies the daily mid-market rate provided by our service providers and takes an additional fee

There is also a page linked there where you can see our current estimate of an exchange rate, but this is not accessible via the API and does not show historic rates.