#caroline0

1 messages · Page 1 of 1 (latest)

frank prismBOT
tardy vapor
#

Don't want to retread info you already know

obtuse vortex
#

Ooh no I have not

tardy vapor
#

Gotcha, they're both helpful products but can be pretty dense.

So let's start off talking about charging the user and splitting the funds with the artist. Our Exploring Connect doc[1] is a pretty solid overview of Connect, one of the first big decisions you are going to make is which type of connect account you want to use[2].

Basically one way or another you will have your Stripe account act as a platform and it will manage accounts that are connected to it. There are a three flavors of connect that do this in subtely different ways that are better suited to different scenarios. I'd recommend reading through that doc and asking questions here if you are unsure which of those account types will work best for your business model.
[1] https://stripe.com/docs/connect/explore-connect-guide
[2] https://stripe.com/docs/connect/accounts

#

Do you have specific ideas on how you want your subscriptions to work and how you want to split the funds with your artists? Happy to find more specific docs that might help you here

obtuse vortex
#

Yes, thanks so much! We will list digital products on our website, say for $10/month. Let's say Artist A created Product A, and we sell it. If someone buys Product A, we send $6 to Artist A and keep $4

#

However, we are the ones listing the product on their behalf, there's no way for Artist A to edit the product details

tardy vapor
#

Gotcha, I think. So you have predefined $10, $20, etc products and the artist says they want those to be listed for them? And will your end customers subscribe to a bunch of different artists at once or will customers only be subscribing to one artist?

obtuse vortex
#

Customers will subscribe to multiple different artists

#

And yes, we are hand-selecting artists to list their products for them

#

I assume each artist would create a Connect account and we would link it to their product, so Artist A's stripe account is always connected to Product A, etc.

tardy vapor
#

That depends on what connect charge type you choose. For some you create the product on the platform, for some you create it on the connected account

obtuse vortex
#

We would ideally like to create the product on our platform's stripe page, then link it to the connected account

tardy vapor
#

One thing to consider is that Stripe objects only exist on the account that they were created on. So if you create a product on the connected account, your platform won't recognize it.

#

So you can do that (and will likely want to if you want all of these products to go on the same subscription) though we don't have an explicit way of linking a product ot a connect account. Which is fine but you will need to keep track of which product goes to which account either in your own DB or through metadata

obtuse vortex
#

Ahh, I mean – we want to create a product on our platform, that when purchased, sends 60% to a specific connected account and 40% to us. is this possible?

#

the connected accounts will not be creating products

tardy vapor
#

It is possible to split like that, though the products themselves don't have fields that set that split as a setting

#

Basically, depending on the connect flow that you want to use, you'll have two main options.

  1. If you use direct or destination charges you will set an "application fee" on the subscription, which tells the subscription how much money to send to your platform account once the charge has happened.
  2. If you use separate charges & transfers, the money initially goes to your platform account and your fee is the money that you have left after sending funds from that payment to your connected accounts.
#

On that note, I do want to point out that separate charges & transfers is the flow that we recommend for when you are paying out to two or more connected accounts. Basically that would enable you to put all of this on one big subscription and one recurring charge for your users as opposed to creating individual subscriptions on each connected account and charging the user $10 separate from a bunch of different users https://stripe.com/docs/connect/separate-charges-and-transfers

#

I don't think we have an SC&C doc that works explicitly with subscriptions but basically you would set up a Subscription on your platform account and then transfer the funds from that payment out as shown in that doc.

obtuse vortex
#

Got it! thanks so much I think this is a good place for me to do some more research

tardy vapor
#

Awesome, glad that this helped. Let us know if you have any further questions