#RaulFelix
rough hound
remote raven
Between which accounts will you be making transfers? The Stripe account balances?
somber geyser
Yes I think it would be the Stripe account balance
remote raven
Then there'd no need for an external BECS account and/or Payment Intents assuming the Stripe connected account you're debiting has a balance. You can just use the Transfers API
somber geyser
okay I do have a requirement to use external BECS account. In that case do I need Payment intents and transfers? Is there a resource I can refer to?
remote raven
A requirement to use BECS for what?
somber geyser
Transfer funds from one user to another, each of them have an account with Direct debit (BECS) setup on their account
remote raven
What you're describing isn't really possible with Stripe. I guess the way this would work:
- You have users represented as connected accounts.
- They can 'top up' their balance by making BECS payments to your platform.
- You can then disburse the funds to their connected account, taking an optional fee.
- Can facilitate transfers between your users/connected accounts with the platform as the intermediary.
somber geyser
I think that sounds like what I was imaging. I have been reading this resource which describes what i want to do. Which APIs should i read up on? https://stripe.com/docs/payments/bank-debits
remote raven
You facilitate payments via Payment Intents
somber geyser
Thank you
Sorry can you elaborate on this step. You can then disburse the funds to their connected account, taking an optional fee.
If the user tops up their balance, is it possible to grab funds directly from their connected account and move it to another or do the funds first have to come to me and then I put it in their connected account
remote raven
There would need to be an actual payment made from their BECS details. How you facilitate that payment as the platform would depend on your Connect implementation