ameenmathers

[boreal verge]

Hello

Are you using Destination Charges?

[sturdy falcon]

i wanted to use it but since i needed to make some transfers, after creating a payment intent and payment is made, i make transfers to the 3 different connect accounts

[boreal verge]

Ah okay then you can't use on_behalf_of here as the funds will still settle into your Platform

You are using recipient agreement ToS to make these Transfers I assume?

[sturdy falcon]

for onboarding?

[boreal verge]

Yes

That would really be the only way you are making these Transfers to non-US Connected Accounts currently.

[sturdy falcon]

so essentially it does what the on_behalf_of right?

[boreal verge]

Kind of

It allows you to transfer cross border like on_behalf_of does, but the platform remains the settlement merchant

[sturdy falcon]

settlement in what way?

[boreal verge]

https://stripe.com/docs/connect/destination-charges#settlement-merchant

We talk about the "settlement merchant" in that section.

Basically it has to do with restrictions for how funds can flow

[sturdy falcon]

ohh i see

platform remaining the settlement merchant isnt an issue

[boreal verge]

Yeah the problem is that you can't settle in your Connected Accounts currency on the platform.

[sturdy falcon]

how can i adjust this to make the cross border transfers too

[boreal verge]

So you really can't stop the FX from happening here in the flow that you are using.

[boreal verge]

You already are using the right flow.

You just can't Transfer in the Connected Account currency

[sturdy falcon]

ohh i see

[sturdy falcon]

but the connected account can withdraw in their currency correct?

[boreal verge]

Yes the funds will be converted to their settlement currency when the Transfer occurs.

[sturdy falcon]

awesome

a final question

how can i switch the TOS if i want to

[boreal verge]

I don't believe that is possible once the ToS has been accepted

So you would need to create a new Connected Account in that case I think.

Can double check on that.

[sturdy falcon]

yeah i know, i read that, i want to make sure it is always on recipient

[boreal verge]

How are you creating accounts here?

Do you call the /v1/accounts API?

Or are you on the old OAuth flow?

[sturdy falcon]

accounts API