darylteo

[steady hemlock]

Hi

So if a booking is more than 90days in advanced, then this won't work?
What you can do is to collect the PaymentMethod using SetupIntent and then charge it just before the reservation period and not hold the charge from the begining

[grand linden]

Hmm ok that is a good idea. i will check to see if this is agreeable. There is of course the risk that a charge would fail right before a booking, correct?

Also there shouldn't be any issues using SCT with Standard Accounts correct?

[steady hemlock]

There is of course the risk that a charge would fail right before a booking, correct?
Yes

Also there shouldn't be any issues using SCT with Standard Accounts correct?
No you should use Custom/Express Accounts for SC&T

Otherwise you may have issue for managing funds...

[grand linden]

but the funds won't reach the Standard account until we choose it to? is there a maximum amount of time we're allowed to keep funds in the Platform Account before creating the Transfer to the Connected Account?

[steady hemlock]

but the funds won't reach the Standard account until we choose it to?
That's the recommendation:
https://stripe.com/docs/connect/separate-charges-and-transfers#:~:text=Use separate charges and transfers for Express or Custom accounts where you collect charges that might be a different amount than what’s paid out to your connected accounts.
You can still try it but that's not recommended you may be facing issue when doing refunds for example

is there a maximum amount of time we're allowed to keep funds in the Platform Account before creating the Transfer to the Connected Account?
https://stripe.com/docs/connect/account-balances#holding-funds

[grand linden]

right ok i will flag that. I think in theory we will hold it for say ... 30 days and then say "no more disputes"

you may be facing issue when doing refunds

wouldn't the platform holding the funds handle the refunds, instead of the connected account which only receives the funds via SCT only after everything is cleared?

[steady hemlock]

Yes but that's doesn't cover you from getting the funds back if the customer dispute the payment for example

I invite you to follow the recommendation.

[grand linden]

thanks will raise this upwards. they're obviously balking at the increased transaction fees. 🙂