koidestroyer | Stripe Developers | Page 1

coral torrentBOT Sep 5, 2023, 8:22 AM

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rotund atlas Sep 5, 2023, 8:23 AM

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Correct yes. Depending on your Stripe account country you may be able to 'settle' in GBP by adding a GBP bank account: https://stripe.com/docs/payouts#supported-accounts-and-settlement-currencies

Receive payouts

Set up your bank account to receive payouts.

clever coyote Sep 5, 2023, 8:24 AM

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Also, what if our bank account remains only EUR but the connected account adds a GBP bank account, would the transferred amount remain in GBP and our fee would be converted to EUR or would all the money still go through currency conversion

rotund atlas Sep 5, 2023, 8:25 AM

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Depends on which parameter you're using the collect an application fee: https://stripe.com/docs/connect/destination-charges#transfer-amount

Creating destination charges on your platform

With Connect, you can create charges on your platform account, take fees, and then transfer remaining funds to your connected accounts.

clever coyote Sep 5, 2023, 8:34 AM

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I'm using transfer_data[amount] - I see "The amount is always processed in the same currency as the transaction." what is the currency of the transaction? What the customer paid? In our case GBP? And only converted if they don't have a GBP account at the end of the flow?

rotund atlas Sep 5, 2023, 8:35 AM

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Yes, the 'currency of the trasnaction' is the presentment currency used on the Payment Intent

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And only converted if they don't have a GBP account at the end of the flow?
Correct, yes. We'll only perform FX if we can't settle in GBP

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This should be easy enough to test

#koidestroyer