#Ryan Drewniak

1 messages · Page 1 of 1 (latest)

strong sedgeBOT
north violet
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HI 👋

That depends on the specifics of the account. Funds generally have a pending period which can be seen in the Stripe balance

formal mist
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Is the pending period attached to the individual payments/charges, or the transfers?

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I'm essentially trying to collect payments via my app platform, then at a later date (once the funds from those payments are no longer eligible for refunds), they get paid out to the businesses (via their respective connected accounts).

I need to make the charges, attributing them to the connected accounts, but keep the funds in the platform until they are eligible to be paid out.

north violet
formal mist
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I was looking into that. Just to make sure I'm looking at this correctly:

With this approach, I would process my charges, calculating any necessary "platform service fees", then immediately afterwards (in a separate request) I would be creating a transfer to associate that charge (sans the service fees) to the connected account.

THEN once those funds are eligible to be withdrawn by the business, the platform processes a payout to the connected account, releasing the specified amount of funds to the bank account attached to that connected account.

Does this sound correct?

north violet
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You could transfer immediately afterwards or delay the transfer until the good/service is rendered.

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But yes you would create a payout to transfer funds from the Stripe Account to the merchant's bank account

formal mist
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@north violet Thank you so much for talking through the business logic for this all with me! I really appreciate it!