#juan-connect-transfers
tough dirge
No we don't have a way to do deposits exactly. You of course can accept payment through stripe, but up to you on how you want to handle repaying them. We do support refunds
We also allow for extended holds: https://stripe.com/docs/payments/extended-authorization
That is commonly used by car rental companies
pine eagle
Perfect thanks for the response.
In case I create a payment and the do a refound after the trip ends, are there any fee charges?
tough dirge
Yes we charge fees for refunds
But we aren't experts on this sort of thing
Also no idea if having a high refund rate is problematic for you account
So I recommend asking our support team for confirmation: https://support.stripe.com/contact
pine eagle
okey perfect
thanks for the answer
I have another question, if I want to transfer to a connected account that it's in another currency than usd.
Is there an option to determine the amount I want the connected account to receive in the other currency, after the conversion?
pine eagle
I'm trying to pay to a connected account in uyu
const transfer = await this.stripe.transfers.create({
amount: 500,
currency: 'uyu',
destination: 'acct_1OK6wVPApVz7S8Wn',
});
but I receive the error saying: You have insufficient available funds
And in the account I have funds
when I change the currency to usd it works
tough dirge
You can't transfer in uyu unless your platform account has an uyu balance
You have to transfer in whatever currency your platform has a balance in
Then the funds will get converted to whatever the connect account's settlement currency is
pine eagle
perfect understood, so if I want to the connected account holder to receive 500 pesos, then I would need to know the exchange rate at that point
tough dirge
yup
pine eagle
is there a service to get the rate?
tough dirge
You'd need to use a third party one
But backing up, why are you transferring separate from the charge?
pine eagle
Oh so stripe doesn't have that rate
tough dirge
You should be able to charge in the currency you want
And have the transfer happen automatically
pine eagle
like, my stripe account is in dollars, but I charge in uyu and then I need to pay to the connected accounts in uyu
tough dirge
But why not just do this? https://stripe.com/docs/connect/destination-charges#settlement-merchant
That way you don't need to manually transfer and can settle in uyu
pine eagle
yes, the thing is that I cannot pay to the connect account before the trip ends. Like I collect the payment at the booking and then once the trip finishes, then owners of the car get payed
tough dirge
Got it
That's fine then
you can still use on_behalf_of in that flow too. see: https://stripe.com/docs/connect/separate-charges-and-transfers#on-behalf-of
That way you can charge in uyu
pine eagle
and how can I solve the problem of having to wait until the trip is finished to give the money to the connected account?
neon saffronBOT
livid eagle
juan-connect-transfers
pine eagle
I don't understand if I put the initial payment on behalf of the account I want to transfer later, how do I trigger that trasfer when is the time?
livid eagle
You write code to do this yourself when it is time
The doc my colleague shared explain this clearly end to end: https://stripe.com/docs/connect/charges-transfers
livid eagle
no