#nkWolfe
1 messages · Page 1 of 1 (latest)
👋 happy to help
you need to read through this guide https://stripe.com/docs/connect/charges-transfers
you would do the checkout sessions as the Platform and then do the separate transfers after the payment has gone through
Thanks for the link!
I forgot to put this in the original post, so Im sorry for that but probably we would want to pay our connected accounts once every 15 days, so this would still apply?.
Lets say Customer A buys Product X from Vendor A and Product Y from Vendor B.
Doing this we would pay inmediately the amount of money owned to VA and VB right?
We would like to get the money and handle this transfers once every 15 days, as a way to minimize Express fees, so I dont know if there is a way to store with each transaction how much a vendor is owned and If I can recover that amount via API.
Again, sorry for not explaining this before.
Thanks in advance!
we would want to pay our connected accounts once every 15 days
https://stripe.com/docs/connect/manage-payout-schedule
I think there is something fundamental than Im not understanding here.
1st I create a payment intent with the total amount that the customer is going to pay so I charge them that money into my Stripe account
2nd I should do an automatic payout after 15 days with the amounts to each vendors
But I dont comprehend to do it, as in. How do I tell Stripe, when in the code doing the charge never mentions where all the money should go, that it should pay the vendors X amount?
Sorry for the confusion and thanks for the answers!
Hey! Taking over for my colleague.
when in the code doing the charge never mentions where all the money should go, that it should pay the vendors X amount?
You need to create separate charge and transfers. You create first transfers to each vendor (Stripe Connected Account) then each 15 days the Connected Account (vendor) will receive a payout of the amount in their bank account
I invite you to follow this link https://stripe.com/docs/connect/charges-transfers in order to create transfers to each vendor.
Oh, so in the Dashboard I can configure how long it will take for the vendors to get the money?
You can manage it from the API too:
https://stripe.com/docs/connect/manage-payout-schedule
So if I understood it correctly, the transfer only adds money to the stripe balance, but not to the "bank account" of the vendor, right?
Thank you so much for your time, clarified a lot of doubts
So if I understood it correctly, the transfer only adds money to the stripe balance, but not to the "bank account" of the vendor, right?
Yes exactly.