#kaushik_10359
tawny rampart
coarse mantle
There should be no fees for transferring balance between accounts. Can you share an example?
coarse mantle
Ok, that's an actual payment you're creating. It's expected there be fees on that yes
coarse mantle
The fee is on the original payment of $760 (~0.29%), not the associated transfer
If you explain to me what the desired outcome is, I can help
livid bramble
Ok $760 actual amount
i want to transfer 99% to partner
so $760 - 99% = $752.40 should get to partner
and 1% will be my balance.
coarse mantle
That's not possible I'm afraid. There will also be a processing fee on the initial paymen ($760) so you need to account for that
livid bramble
so you mean i should transfer $760 -$22.34 = 759.35
so base amount will be $759.35 - 99% = to partner and rest will be mine balance right ?
coarse mantle
Can you share the ID of the payment above?
livid bramble
py_1NdWoLBuWbM9ILmoJUjb0afm
pi_3NdWoKEwSSQ6vVJ50vZQdw9E this is main payment id having $22.34 fees
coarse mantle
Do you understand what those fees are for?
livid bramble
it's stripes fees for collecting money
22.34
if you can explain me that would be great
coarse mantle
Ok, then was exactly is unexpected?
livid bramble
see this flow chart.
https://stripe.com/docs/connect/destination-charges
it does not take stripes frees
coarse mantle
Sure it does
The platform pays the fees in the case of a destination charge, as you're seeing with this payment
livid bramble
so connect application fees will be $1.23 and the y will get $8.77
coarse mantle
Who is 'they'?
livid bramble
partner
coarse mantle
Yesm, in the example above. The connected account (transfer_data[destination) will get whatever the net value is of the payment minus the application_fee_amount
Then the platform pays the Stripe fee for the entire payment
livid bramble
so platform have to pay stripes processing fees like 0.29% + 0.30 right ? on base amount
coarse mantle
Exactly
livid bramble
so last things
$760 - (0.29%+ $0.30 ) = net will be US$737.66
and from i need to trasfer $760 - 99% to Partner account right ?
coarse mantle
So in your original example, the connected account received 99%. It was the platform's net amount that was lower than you expected
livid bramble
so based on this , each time i will loose money even if i get 1% right ?
coarse mantle
The platform net amount will be 1% minus fees yes
livid bramble
so conclusion
on above example
$22.34 fees - ( 1% income 7.60) = rest of amount i still need to pay to stripe correct ?
ebon gust
Hi! I'm taking over from my colleague. Please, give me a moment to catch up.
ebon gust
If I look at this PaymentIntent: https://dashboard.stripe.com/test/payments/pi_3NdWoKEwSSQ6vVJ50vZQdw9E
$760 - what's charged from customer
$7.60 - is what's sent to your Connected account
$730.06 - is what's left on your Platform account after fees
Not sure if this is what you're trying to do.
livid bramble
i was trying to do different options
my concernt is that i wan tto send 99% to my partnet account
so what will be in my balance ?
is there any option that stripe processing fees not apply on transaction ?
ebon gust
is there any option that stripe processing fees not apply on transaction ?
No, that's not possible, but you can set your application fee to be just enough to cover the fees.
I don't know what's your API pricing, but you can setapplication_fee_amount: 760, and that will leave the rest in the Connected account balance.
livid bramble
so you are saying application_fee_amount : 760 full amount right ? not 99% of 760 ?
can you plz confirm ?
ebon gust
760 is $7.60 represented in cents
ebon gust
Yes
livid bramble
ok