recipe.p

[manic flax]

Is there any possibility of my Stripe account getting payout to my bank account without my request?
Yep, depends on:

• The Payout schedule
• How long you intend to hold funds: https://stripe.com/docs/connect/manual-payouts#:~:text=Escrow has a,refund being needed.

[hazy hill]

Oh then the payout schedule to the users(sellers) are applied to me(the platform) as well?

[manic flax]

No, your account will have it's own schedule that applies to Payouts of your account balance

If you're doing separate charges and transfers, you need to be mindful of that

[hazy hill]

Then where can I set this?

[manic flax]

In your Dashboard, or via the API: https://stripe.com/docs/connect/manage-payout-schedule

[hazy hill]

thanks! so this api only effects to my account not others right?

[hazy hill]

And can I just set it on Stripe dashboard?

[manic flax]

Yes, here: https://dashboard.stripe.com/settings/payouts

[hazy hill]

Thanks!

[hazy hill]

Then the 90days (2years for U.S.) limit matters to us?

I wish I could hold my money on Stripe account as long as I can because I guess there might be a payout fee

[manic flax]

Yes, you can't accumulate balances beyond those limits. Which is why if you're doing separate charges and transfers it's important you manage them in accordance with those timelines

[manic flax]

No fees for standard payouts

[hazy hill]

Oh okay then I can just move my money freely!

[hazy hill]

Can you please define "standard payouts"?

[manic flax]

The non-instant speed ones that aren't a native currency for your account country: https://stripe.com/docs/payouts#supported-accounts-and-settlement-currencies

[hazy hill]

My bank account is in U.S. and All the trades in the platform will be done with U.S.Dollars

Then I may not have to worry about the payout fee right?

[manic flax]

If your account balance is USD and you're payouts are in USD then there's no fee for non-instant payouts

[hazy hill]

And about 90 days, can you tell me how the money gets counted?

For instance, If someone payed money 89 Day ago, And another one payed 90 days ago.
Then should I payout only the last one?

[manic flax]

I don't know the specifics on how escrow works, these are questions better suited for support: https://support.stripe.com/contact

[hazy hill]

Hmm, okay. Thanks

[hazy hill]

then is there a fee when we top-up angain to stripe account?

[next wasp]

Hi! I'm taking over this thread.

For questions about pricing, you should ask Stripe support directly: https://support.stripe.com/contact