damenz | Stripe Developers | Page 1

gleaming garnetBOT May 10, 2023, 6:30 PM

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tepid lark May 10, 2023, 6:30 PM

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Hello! Have you looked into Stripe Connect at all yet? (Just want to know which docs to send you)

celest ferry May 10, 2023, 6:31 PM

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In my understanding, Stripe connect doesnt do that

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in stripe connect, the sub-account (house owner in my example) receive the money right away and the website keeps a cut

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Well that is my understanding

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Here is the behaviour I need
Client pays 1000$
Website keeps the 1000$
After the checkout, the website pays 900$ to the house owner and keep 100$ (platform fee)

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Its important that the website keep the money until the rental is over / checkout is done

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the house owner can't have the money before that

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my understanding of stripe connect is if the client pays 1000$, the house owner receives 900 and the website keeps 100$ right away

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I can't do it that way because we need to ensure that the website can / will be refunding the client in case of a refund or cancellation

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thats our duty as the website owners, but I have no guarantee that the sub-stripe account (of the house owner) will have that money at hands if the client ask for a refund

tepid lark May 10, 2023, 6:41 PM

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Stripe connect can definitely do what you're describing - you'd just use a different account type/charge flow

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You want something like https://stripe.com/docs/connect/collect-then-transfer-guide right?

celest ferry May 10, 2023, 6:41 PM

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Can we control when the transfer (to sub account) is done?

tepid lark May 10, 2023, 6:42 PM

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Yes - if you do separate charges and trasnfers (https://stripe.com/docs/connect/charges-transfers) then you have complete control over when the transfer is created

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.

celest ferry May 10, 2023, 6:42 PM

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But when the client initially rent for 1000$, who have the money at that point?

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the main stripe account (website owner)?

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and using that seperate charges and transfer, the main account (website owner) pays the sub-account when he wants to ? (after customer checkout)?

tepid lark May 10, 2023, 6:46 PM

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Yes, the main stripe account (the platform) would have the money

celest ferry May 10, 2023, 6:47 PM

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tepid lark May 10, 2023, 6:47 PM

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and that account would transfer some portion of the 1000 to the subaccounts (the house owners) when they choose

celest ferry May 10, 2023, 6:47 PM

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So my schema is doable this way right?

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Also, we would like neither the platform nor the house owner (connected account) to have to pay the stripe fees. (We would like to have the customer handle the fees).

How can we do it since stripe fees are charged on the total, so even if we add the 2.9% on the initial amount that is charged to the customer, this extra 2.9%.... will be charged on top of the 2.9% of the stripe fee

gleaming garnetBOT May 10, 2023, 6:50 PM

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tepid lark May 10, 2023, 6:51 PM

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The one difference I'd call out is that the 100$ you end up with doesn't actually get transferred BACK to you - (so there's no arrow back from the connected account to the platform)

celest ferry May 10, 2023, 6:51 PM

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Oh yeah it stays there, my schema was not right for that part

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i only send 1000$

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Ok so this is perfect so far;

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Only thing left is the stripe fee

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The platform "goal" is to have the house owner get 100% of the rental

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and pass all the fees to the customers

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(including transaction fees, aka stripe)

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tepid lark May 10, 2023, 6:54 PM

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Does https://support.stripe.com/questions/passing-the-stripe-fee-on-to-customers answer your question? You're basically wondering how to set your pricing so that stripe fee is taken into account for the amount charged to the customer

celest ferry May 10, 2023, 6:55 PM

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This way we wont have "double dipping" of the fees?

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Lets say its 1% + 10c (just for the example)

1000$ (taxes included) = 1000 + (10$ + 0.1) = 1010.1$

Using this I can have the client pay for that 10.1$ while still getting the full 1000$?

tepid lark May 10, 2023, 7:00 PM

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yup! but I would pay close attention to the callout we have at the end of link I shared - you'll want to make sure that you're allowed to pass on the stripe fee in this way

celest ferry May 10, 2023, 7:00 PM

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Im pretty sure its legal in canada but I will double check

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Also, if the client wants a refund using the scenario mentionned above; who is liable ?

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Since we keep the money until "the rental is over / checkout is done", the platform is liable?

tepid lark May 10, 2023, 7:02 PM

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Yeah with separate charges and transfer the platform is liable

celest ferry May 10, 2023, 7:02 PM

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And after transfering the money to the subaccount?

tepid lark May 10, 2023, 7:02 PM

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I'd also recommend reading https://stripe.com/docs/connect/accounts if you get a chance - for separate charges + transfers you'll want to use express or custom accounts

celest ferry May 10, 2023, 7:02 PM

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If the customer ask for a refund ? (We obviously have proof of checkout at this point)

tepid lark May 10, 2023, 7:02 PM

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Even after transferring you're still liable

celest ferry May 10, 2023, 7:03 PM

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Ok so we would have to show proof that he did use the full rental

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gotcha

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Is this feed gonna stay open / not get deleted if I want to come check our conversation back in the next weeks?

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@fierce storm

quiet ivy May 10, 2023, 7:04 PM

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You can bookmark this link to the message at the start of the thread so you can access it later. We'll lock & close it from further messages, but you can still read it.
https://discord.com/channels/841573134531821608/1105923914217033819

celest ferry May 10, 2023, 7:04 PM

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Thats perfect, thanks a lot guys !

gleaming garnetBOT May 10, 2023, 7:47 PM

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#damenz