#ferdi.stz
1 messages · Page 1 of 1 (latest)
Hello 👋
No, there's no way to "absorb" the fees or pass it to a diff account. With destination charges, the fees would be deducted as soon as the funds settle.
We have a support article on how you can pass it on to the customers
https://support.stripe.com/questions/passing-the-stripe-fee-on-to-customers
But its only legal in some jurisdictions
So Stripe_Processing_Fee is automatically deducted when a payment takes place using stripe and it is deducted from that exact payment.
I don't want either the customer nor the connected account to pay any fee but me as the platform. I can achieve this for the application_fee but not the stripe_Processing_Fee?
Sorry if this is a bad question, just trying to confirm my assumption and very new here
Correct. The workaround would be to use Separate Charges and transfers
https://stripe.com/docs/connect/separate-charges-and-transfers
Once the payment settles on the platform, you can look at the fees that were charged + the original payment amount and create a transfer for the total amount to the connected account.
This would deduct the total amount from platform balance (including the fees)
So for example,
The payment was for $100
The fees that were charged $3
Platform received $97
You create a transfer for $100 to the connected account
Thanks for the clarification!
NP! AFAIK there are no fees for the transfer so the connected account would receive the full amount.
Our team on discord won't know a ton about fees so I'd recommend double checking with our support team just to be 100% certain
https://support.stripe.com/?contact=true
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