#AshMoore

1 messages · Page 1 of 1 (latest)

swift frostBOT
deft ingot
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Ok, and what exactly do you need help with?

sweet estuary
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So another questions

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If I use stripe connect to clone customers from platform accounts to connected accounts

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And I set up a subscription in the connected account

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Which will charge the customer on a monthly basis ?

slim bronze
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As in which account? In that scenario you would be using our direct charges flow so it would be the connected account charging your user

sweet estuary
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Yes so for example

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Platform account takes a payment from customer A

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Connected account stores card details for customer A

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Connected account sets up monthly subscription for customer A

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This is all possible using stripe ?

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@slim bronze ?

slim bronze
sweet estuary
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Ok last questions

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Or situation

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Platform account takes a payment from customer A , and auto sets up a monthly subscription for customer A

Connected account stores customer A’s card details, and automatically sets up a monthly subscription for customer A

End result -

Customer A makes a payment and sets up a monthly subscription to the platform account. Platform account pay outs go to company A

Customer A sets up a monthly subscription on the connected account . Connected account pay outs go to company B

My developers can do this in stripe ?

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@slim bronze

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@deft ingot @slim bronze ??

slim bronze
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The server is busy, was just getting back to this thread. Catching up now...

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Is company A the connected account from the first two lines?

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With that setup you would be charging that customers twice a month. You can disperse the funds however you want through application fees and transfers though you would likely have to have your own tracking system for this as Stripe only provides the interface for taking the application fee here

sweet estuary
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Essentially

The customer makes a payment to the platform stripe account, which auto creates a subscription on the platform account.

The customers payment details are saved in the connected account , which auto creates a subscription.

Outcome -

1 payment and subscription to platform account

1 subscription set up on connected account

Platform account pays out to company A

Connected account pays out to company B

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Is this all possible for my developers to create for me?

slim bronze
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Yes, though there it may make more sense to just have one subscription on either the platform or connected account. If you have the subscription on the platform, you could transfer a portion of the funds that you get to the connected account, if you make the subscription on the connected account, you could just charge a fee to your platform for each payment that goes to the connected account (we call this an application fee). Then the funds on each Stripe account would get paid out to their own bank account

sweet estuary
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If I transfer a portion of the funds

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To my understanding

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All of the money has to land in one stripe account

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And then some gets moved over

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Rather than it being completely split two ways

slim bronze
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You would create a subscription on your platform account and then transfer whatever funds away to however many connected accounts

sweet estuary
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Ok for example

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If the Platform account made 100k and 10% sent to the connected account

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Did the platform account turnover 100k

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Or did the platform account turnover 90k

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Sorry “gross volume”

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100k or 90k?

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Is the gross volume made in the platform account and then sent to the connected

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Or does the gross volume become 90k because 10% went elsewhere

midnight thistle
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Hi there 👋 taking over, as my colleague needs to step away

Give me a few minutes to get caught up.