erik-connect-currency | Stripe Developers | Page 1

left harborBOT Mar 9, 2023, 9:19 PM

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floral venture Mar 9, 2023, 9:20 PM

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Hi 👋

Not with Direct Charges, no. All objects involved need to exist on the Connected Account.

winged hedge Mar 9, 2023, 9:22 PM

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Hmm ok.
Does on_behalf_of work between different regions?

floral venture Mar 9, 2023, 9:22 PM

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I'm not sure what you mean by that

winged hedge Mar 9, 2023, 9:28 PM

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If I have connected accounts in europe and usa. Will on_behalf_of still work the same way and FX handled just between the user and the connected account

floral venture Mar 9, 2023, 9:35 PM

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For a direct charge the Connected Account is the merchant of record already

winged hedge Mar 9, 2023, 9:43 PM

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Does on_behalf_of work the same way?

floral venture Mar 9, 2023, 9:45 PM

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on_behalf_of sets the Merchant of Record

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for a given transaction

winged hedge Mar 9, 2023, 9:48 PM

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So there will not be an fx fee between the customer and my platform, and then one from my platform to the connected account?

floral venture Mar 9, 2023, 9:49 PM

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No, because the charge occurs on the Connected Account in their presentment currency

winged hedge Mar 9, 2023, 9:57 PM

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Thanks.
When creating a payment intent with on_behalf_token. Should I set the currency to that of the connected account?

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Or my platform

flat atlas Mar 9, 2023, 10:08 PM

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@winged hedge the currency in this case is what you charge the end customer in, the person paying, so that's how you choose usually

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https://stripe.com/docs/connect/currencies is a good first read

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erik-connect-currency

winged hedge Mar 9, 2023, 10:13 PM

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Ok thanks.
When using on_behalf_of. The payment goes straight to the connected account and the only amount that end up in my platform is if I decide to take platform fee?

flat atlas Mar 9, 2023, 10:15 PM

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well you pay the Stripe fee too so you do need to keep some money to cover this too

winged hedge Mar 9, 2023, 10:17 PM

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Yes, I understand that

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How does it work with having customers for each connected account.
In my platform users can pick different charities and pay whatever amount they want to them.
But keeping track of all of the customer ids does become quite bothersome.
Is there really no way to center a customers payment around the one that I have in my own platform when using direct charges?

flat atlas Mar 9, 2023, 10:23 PM

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What type of connected account are you using?

winged hedge Mar 9, 2023, 10:24 PM

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I've not decided yet. Standard or Express

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I think I'm a bit confused about what on_behalf_of actaully do. I thought that it would automatically make it so that the payment goes straight to the connected account. But it seems to make this happen I also need to provide the transfer_data.destination information to actually send the funds to the connected account. Is that true?

flat atlas Mar 9, 2023, 10:28 PM

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https://stripe.com/docs/connect/destination-charges#settlement-merchant that's what on_behalf_of does. And yes usually you set both on_behalf_of and transfer_data.destination to the same id

winged hedge Mar 9, 2023, 10:34 PM

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There's one thing I need to understand. Sorry If I slow with this.

using on_behalf_of create this payment flow.

user with card using EUR currency getting charged
the charge is made to the connected account as merchant and so there's a FX between these.

The FX conversion fee from stripe is 2% in this case?

flat atlas Mar 9, 2023, 10:37 PM

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yes

winged hedge Mar 9, 2023, 10:49 PM

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Thanks

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If I want to create a transfer from my platform to a connected account. Is there any limitations? Can transfers be made between regions for example(EURO, US, UK) and so on

#erik-connect-currency