#erworbu
viscid oyster
brisk heron
And if I create a checkout session with an amount of 20€, the establishment receive 19.70€ and my stripe account got -0.60€ in net volume.
I think this is because of the stripe fee + connected account, right?
in this flow you are doing Destianation Charges so the fee works like this :
https://stripe.com/docs/connect/destination-charges#flow-of-funds-app-fee
as you can see, if your application fee is less than the Stripe fees, you can indeed make a negative net amount on the platform
Is there any way to send this stripe fee to the establishment and not charge this to my stripe platform?
that would be Direct Charges , but if you're
using Custom accounts you should generally use Destination.
vernal ridge
Ill take a look, and will tell you if I have any doubt. Thanks for your support!!
Well, I read the funds flow and I think I understood it, but I have a couple of questions.
- I will send to the customer the 100% of the charge, and then I will take the application fee, but in the graph we can see that they take $1.23 because they know this amount it will be enoght, so they already know which fee will be for Stripe. Im right?
- Supposing that they know the Stripe fee, there is any way to calculate it completly? (avoiding percentages + 0.30€)
Thanks again for your time
brisk heron
- in that example they are just taking 1.23 because it's what they chose/it's just what the example uses. What we'd generally recommend is you do something like choose a percentage of the price(like 10% or something) and your profit works out to that percentage minus what Stripe takes (our pricing is on https://stripe.com/pricing) . Remember you need to account for the extra cost of chargebacks/disputes/refunds etc, so picking your pricing cut is a business decision
- you can use https://stripe.com/docs/expand/use-cases#stripe-fee-for-payment to get the fee on a payment after it happens, and you can build code/logic to thus calculate what fee you expect there to be and test/calibrate it against charges that you do on test mode, using that API, and therefore you can have logic in your systems to know what the fee will be
vernal ridge
1. in that example they are just taking 1.23 because it's what they chose/it's j...
- Understood, thanks for the clean explanation. Im agree, with you this is a business decision.
- Well im gonna try to code it and lets see if it works as expected. It will be great to have an option to charge fees directly on the account, because maybe we have to do extra steps to make it work as expected, but maybe there are some technical limitations.
I will tell you If have some issues that are not explained in the docs. Have a great day and good work!
brisk heron
It will be great to have an option to charge fees directly on the account
Direct Charges do that, but they also make it so the connected account is liable for refunds/disputes; and if they're Custom accounts they do not have their own Stripe dashboard to be able to handle that at all. There's a few other issues like that, so overall if your business is using Custom/managed/whitelabelled accounts you generally always use Destination Charges