#benkass
slim musk
inner meteor
Typically with Standard accounts you'd do direct charges (https://stripe.com/docs/connect/direct-charges) where you'd create the payment intent directly on the connect accuont and you can set some application fee so that you (as the platform) can take a cut
mild juniper
sounds good
I wanted to just double check on my choice here. I chose Standard accounts for our merchants because these come with no fees to us, other than the standard stripe processing fee, which is paid for by the merchant. So essentially, we create a direct charge (say of $10). The merchant pays Stripe 2.9% + $.29 and we take, for example $1. No other fees due to Stripe, right? The funds are sent to the merchant's (connected) linked bank account directly with no additional costs, correct?
inner meteor
Correct, the stripe fees would be on the standard connect account and payment would be made directly on the connect account (so the funds are available for them to pay out to their linked bank account)
mild juniper
But I can also issue a payout directly so they get money sent to their bank account automatically on every sale, right?
inner meteor
You'd only get that ability if you are the controlling paltform - otherwise, the standard accounts are in control of their payout schedule
mild juniper
If I created the connected account, am I the controlling paltform?
inner meteor
Yes, if you create the Account through the API then you should be controlling platform
mild juniper
ok, and I can schedule the payout directly with a direct charge? or is it a different API call?
inner meteor
It's a separate API call - https://stripe.com/docs/api/payouts/create
You'll need to wait for those funds to actually be available before you can pay them out though
It'll really be much easier for you to rely on automatic payouts and have us generate the payouts automatically
mild juniper
OK, how do I do that?
inner meteor
I believe standard accounts should be on automatic payouts by default when they're created - https://stripe.com/docs/api/accounts/create#create_account-settings-payouts-schedule-interval
If you want to switch them to manual you'd set settings.payouts.schedule.interval: manual
Also this will be helpful for you to read: https://stripe.com/docs/connect/platform-controls-for-standard-accounts#control-payout-timing
mild juniper
Very cool, so it's already set to daily