ravi-payment-vocabulary | Stripe Developers | Page 1

bright kettleBOT May 16, 2023, 4:49 PM

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tough kernel May 16, 2023, 4:50 PM

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ravi-payment-vocabulary

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Hey @safe minnow ! What are you really asking? We don't have the concept of a "payment" in our API, though we do have PaymentIntent and Charge.
What are you really trying to answer, what's your current context/set up, etc.

safe minnow May 16, 2023, 4:53 PM

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we have a use case where we share the money with planners/customers. I was told that this money is not considered as payment and instead its considered as transfer so thats why i was checking if there is a real difference in these two terms.

tough kernel May 16, 2023, 4:57 PM

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yeah sorry vocabulary is quite crucial when talking about your Stripe integration as so many words mean specific things in our APIs/products.

A Transfer represents money moving from your own Stripe account's balance to a connected account's Stripe balance. It all stays without Stripe.
A Payout represents money moving from a Stripe account's balance to an external bank account outside of Stripe. The money leaves Stripe.
A Charge represents a "payment attempt". If it succeeds, it will represent money moving into an account's balance.
A PaymentIntent represents the intent of accepting a payment, it's a state machine and it can create 0/1/N Charges though at most one will succeed.

safe minnow May 16, 2023, 5:00 PM

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yeah for someone new like me it is so overwhelming and without you guys its like finding a needle in the lake. Thanks for these definitions.

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So coming to the original case, does stripe standard support "Transfer" internationally ?

tough kernel May 16, 2023, 5:03 PM

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That doesn't really make sense to be again. What is "stripe standard"? Do you mean Stripe Connect with connected accounts of type Standard?
If so, as a platform you should never transfer funds to a Standard account from the platform, that is not a normal flow of funds and something actively discouraged and usually indicates a real misunderstanding of Stripe Connect

safe minnow May 16, 2023, 5:05 PM

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i'll need to get my stripe vocab correct first, but yeah i was asking the same thing which you mentioned.

tough kernel May 16, 2023, 5:06 PM

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Okay so really as a platform you should never be doing this, even in the US.

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You should not create a Transfer to send funds to a connected account of type Standard.

safe minnow May 16, 2023, 5:07 PM

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ahh ok, i am not doing it right now but thinking of all the possibilities for my use case 's and which i think i need to more deep-dive first and then again come here later to ask more correct questions.

tough kernel May 16, 2023, 5:08 PM

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I would highly recommend talking to our support team instead https://support.stripe.com/contact. This is not really about code and developers to developers question and a lot more about compliance, flow of funds and what is and isn't allowed

bright kettleBOT May 16, 2023, 5:14 PM

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safe minnow May 16, 2023, 5:16 PM

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ok thanks for the info, i will check my use case in detail and make sure that i am following the right guidelines

#ravi-payment-vocabulary