birdy247

[brazen oak]

Hi

[woven mesa]

Hey there

The answer to that is most it depends

Can you tell me more about what you are trying to do?

And where your platform would be located?

[brazen oak]

We use stripe connect

We add an application_fee onto every charge and make our money this way

That works well

These are direct charges on standard accounts

We no have a situation were our clients can earn money for doing this like referring our product and we want to give them this money on a quaterley basis

As it stands, we would need to perform a bacs transfer to all of these accounts but are looking for a mechanism to automate this

So if we have a balance in stripe of say £100, can we, say give 10 connected accounts £10

[woven mesa]

Gotcha

See: https://stripe.com/docs/connect/charges-transfers

You can make transfers here to Connected Accounts provided they are in the same region as your platform

Otherwise, you won't be able to due to cross border fund flow regulations

[brazen oak]

So the same country?

[woven mesa]

Pretty much yes.

In the EU doesn't have to be same country

[brazen oak]

Ok

But to confirm, it will not be tied to a charge

We just want to move balance from our a/c to others

Does that use case still work?

[woven mesa]

Yep it doesn't need to be tied to a charge as long as you have available funds in your balance and you are transferring to a Connected Account within the same country/region

[brazen oak]

Awesome

Thats brilliant

Does a transfer incur fees?

[woven mesa]

No it does not

[brazen oak]

Ok, thanks for your info

This is useful