froggy | Stripe Developers | Page 1

spice pecanBOT Mar 27, 2023, 4:52 AM

#

stuck crag Mar 27, 2023, 4:53 AM

#

Hi there, are you trying to transfer funds to a customer by using PaymentIntents API?

sage sigil Mar 27, 2023, 4:53 AM

#

Yes I am, but I am combining it with Stripe checkout

stuck crag Mar 27, 2023, 4:54 AM

#

I'm afraid there's no Stripe products for you to transfer funds to individuals yet

sage sigil Mar 27, 2023, 4:54 AM

#

Um

#

What I'm trying to do exactly is to create an escrow service

#

So let's say there is someone (Person A) engaging the services of someone else (Person B).

When Person A pays (let's say $10), I will take a fee from the amount ($0.30), and hold onto the money. Only when Person B has confirmed successful delivery, will I transfer the remaining of the funds ($9.70) to person B.

#

This is the escrow service I am trying to implement

stuck crag Mar 27, 2023, 4:58 AM

#

OK, so the fund transfer is not to an individual, but to a business?

sage sigil Mar 27, 2023, 4:58 AM

#

Yes that is correct. Person B would be registered with Stripe.

stuck crag Mar 27, 2023, 4:58 AM

#

Got it, then you can use Stripe Connect to implement this https://stripe.com/docs/connect/charges

Create a charge

Learn how to create a charge and split payments between your platform and your sellers or service providers when you accept payments.

sage sigil Mar 27, 2023, 4:59 AM

#

Can I use this with Stripe checkout

stuck crag Mar 27, 2023, 5:01 AM

#

Yes Stripe Checkout support Connect as well.

sage sigil Mar 27, 2023, 5:03 AM

#

Alright, sounds good. I'll take a look into it. Thank u!

#

Does this allow me to hold onto the money though?

stuck crag Mar 27, 2023, 5:05 AM

#

Sure, you can use https://stripe.com/docs/connect/charges-transfers to collect the money to platform (your account), and transfer to the connected accounts later.

Creating separate charges and transfers

With Connect, you can make charges on your platform account on behalf of connected accounts, perform transfers separately, and retain funds in the process.

#froggy