obo-connect-sct | Stripe Developers | Page 1

cloud fernBOT Oct 10, 2023, 4:05 PM

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shrewd hound Oct 10, 2023, 4:06 PM

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obo-connect-sct

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@gaunt spoke that's really up to you on how to design this. There's no API for pre-calculating fees, the fees depend on many factors (currency, payment method type, international/cross-border), there are other fees like Connect related fees, etc.
Really as a platform you should make up your own pricing that covers Stripe's own fees plus your own fees.

And how to split the funds, you would use https://stripe.com/docs/connect/charges-transfers

gaunt spoke Oct 10, 2023, 4:12 PM

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My developers have had a hard time getting the math to work everytime. We created a separate connect account hoping this would be easier to calculate what is left of the 10%. Would it be betterto delete the second connect account (which duplicates the platform bank account). And instead of doing a 90/10 split, simply do a 90% to connect account and keep what is left in the platform account? If doing this, how do I programatically set this remainder to be sent to the bank as a deposit? The money sitting in the platform account is acting as an escrow account so I cannot automatically deposit incoming money to the platform account. Can I programatically deposit a set amount "manually" but not affect the platform balance?

shrewd hound Oct 10, 2023, 4:18 PM

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yes if the other account is your own then you should keep the money in your own platform, that's the way everyone else does it

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There isn't a way to separate the money, it's all one big bucket for the platform

gaunt spoke Oct 10, 2023, 4:29 PM

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This is what I originally wanted done. I was told that I cannot set to manual deposit, yet set that deposit to happen automatically. Say I have $10,000 in "escrow" I need to release $90 to connect account and I want to send $6.95 to the platform bank account now. Leaving $9,903.05 in escrow.

shrewd hound Oct 10, 2023, 4:30 PM

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then you track the funds manually and use the Payouts API to send the funds

gaunt spoke Oct 10, 2023, 4:30 PM

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At th end of the day, I need to be able to track the $90 connect transfer and deposit the $6.95 (or whatever this calculates to) into the platform bank account. But not automatically deposit any of the "escrow" money until it's transferred.

shrewd hound Oct 10, 2023, 4:32 PM

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Sure but none of this can be automated by us. You would track all of that balance yourself in your own system/ledger. No way around it

gaunt spoke Oct 10, 2023, 4:34 PM

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Can I trigger an amount to deposit manually? Back to the $6.95 amount, I need to deposit this amount to the platform bank account. I cannot set the deposits to automatic because I don't know when a transfer will happen to the connect account (and associated platform fee).

shrewd hound Oct 10, 2023, 4:35 PM

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yes you would be on manual Payouts on the platform, you grow a balance over time and you use the Create Payouts API: https://stripe.com/docs/api/payouts/create to send funds to your own bank account whenever you need to

gaunt spoke Oct 10, 2023, 4:49 PM

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Is there a way I can receive an amount, do the math right then for the entire 10% fee (minus stripe fees for the total amount) and deposit that amount right now into the platform bank. Then, the individual 90% transfers can be done later to the connect account and leaving the escrow in place? My problem is I cannot deposit the escrow amount (which needs to equal 90% of original amount purchased).

shrewd hound Oct 10, 2023, 4:50 PM

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That's totally possible. I don't get what is blocking you from doing that

gaunt spoke Oct 10, 2023, 4:52 PM

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I'm not the developer, I'm trying to solve a problem they are having. They have been at this for over a month now, and I'm trying to think outside the box for them.

shrewd hound Oct 10, 2023, 4:55 PM

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Yeah I just don't get the problem. Charge $X, look at the fee, then decide what's left.

gaunt spoke Oct 10, 2023, 4:57 PM

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I can't seem to open that API link "payouts/create" you pasted above.

shrewd hound Oct 10, 2023, 4:58 PM

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what's the problem exactly?

gaunt spoke Oct 10, 2023, 4:59 PM

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when I click on the link, it never loads

shrewd hound Oct 10, 2023, 5:00 PM

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not sure sorry, works fine for me and it's our canonical API reference. Does https://stripe.com/docs work for you?

gaunt spoke Oct 10, 2023, 5:02 PM

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No, I tried different browsers. Maybe my PC needs to be rebooted.

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Other sites open fine.

shrewd hound Oct 10, 2023, 5:03 PM

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yeah seems like some issue with your computer sorry

gaunt spoke Oct 10, 2023, 5:06 PM

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Okay, before I reboot. My theory is my developer should be able to accept the payment (which is already minus stripe fees), calculate the 10% of total subract the fees and force this deposit to the platform bank. Even if deposits is set to manual (using the link above)?

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The only thing remaining in escrow would be 90% of the original purchase which can later be moved to individual connect accounts.

shrewd hound Oct 10, 2023, 5:07 PM

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yes

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and you can move the 90% to the connected account too, there's no reason to wait

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You likely want to chat with our support team at this point. You're not the developer and seem quite lost overall with the product offering that Connect is. They would be better equipped to help you 1:1, you can reach them here: https://support.stripe.com/contact

#obo-connect-sct