#_kevinx
kindred sapphire
balmy hawk
Hi, what is the question?
pseudo fox
Good afternoon, I'm building a project here that needs customers to put in deposit
I have been thinking about a solution using Stripe
and want to know if there is any good solution here to handle deposit, that might be returned to the customer or send to the account user
btw, I'm using Connect Standard Account
and setting up deposit on fly
the platform handles deposit
not the Connect account
balmy hawk
Can you add a bit more context into your business use case? What is 'deposit' in this case? What type of business is this?
How long would you keep the 'deposit'?
balmy hawk
We have this, https://stripe.com/docs/payments/place-a-hold-on-a-payment-method flow where you can place a hold on funds and then capture the payment. You can either cancel the payment at the end, or capture the amount.
pseudo fox
also, besides the depoist approach, is there any other way to make a guarantee in financial transactions like this? for example, if the equipment is not returned, can the account charge extras on the credit card?
Thanks for the info, btw, that's what I'm looking for
balmy hawk
Great to hear!
pseudo fox
besides the depoist approach, is there any other way to make a guarantee in financial transactions like this? for example, if the equipment is not returned, can the account charge extras on the credit card?
balmy hawk
Not for your use case as these equipment may be higher priced.
In this case, you'd want to save the Payment Method to use in the fututre by passing setup_future_usage: https://stripe.com/docs/api/payment_intents/create#create_payment_intent-setup_future_usage
pseudo fox
ok, thanks, just read through payment on hold and is there any stripe fees occuring when place a payment on hold, cancel or capture ? it didn't mention in the document
It also has a 7 day limit ..
balmy hawk
Yeah, there is a limit of 7 days by default. If your business use case needs a longer period, you can reach out to our support team: https://support.stripe.com/contact. Also, as far as fees, you'd want to talk to them as well. We are here to help with integration related questions to unblock developers.
pseudo fox
oh, great, thank you very much! Have a good week!