#outrageous_otter_83368
hollow spindleBOT
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- outrageous_otter_83368, 4 days ago, 9 messages
sly lodge
Hi there!
yes everything you said seems correct to me
one way to avoid this is to use manual payouts on your platform account
and make sure you always leave enough founds in your balance to allow the transfers to work
blissful pond
Hi. One way to do this would be to use a separate connected account for the platform, where I transfer the funds that are actually just used for paying out the platform's funds. The funds in the "platform account" would not have any payouts, but would just be used for the eventual transfers to the connected accounts
Or, as you said, by doing manual payouts on the platform account
sly lodge
but once the fund are on that special connected account, how do you transfer them to another connected account? it's tricky. my option is much simpler.
sly lodge
Happy to help 🙂
blissful pond
For manual payouts, there is a caveat in the documentation that sais "You must pay out the funds within the time period specified below, based on the business’s country:". In our case 90 days. This is always in relation to the associated charge right? Its not like every 90 days, ALL the funds in the Stripe account have to be paid out.
hollow spindleBOT
twin igloo
đź‘‹ taking over for my colleague. Let me catch up.
twin igloo
For manual payouts, there is a caveat in the documentation that sais "You must p...
sorry I'm not sure I understand the question though
blissful pond
When I use manual payouts, I have the responsibility to "pay out funds within 90 days" according to the documentation.
Im not sure what this means... Lets say my customer pays 100 USD on a checkout, then these funds are transferred the the platform account. Later, when I know which connected accounts gets some of this amount, I transfer lets say 50 USD to a service provider's connected account. For the 50$ that are in the platform account, does this rule specify that I have to pay out these 50 USD within 90days? And of course, I can have many of these transactions going on. So the question is, do the 90 days always refer to the time since the original charge?
twin igloo
https://stripe.com/docs/connect/manual-payouts
this is basically target at the Connected Account funds
not transfers
so if your Connected Account has a balance today of 50 USD, it cannot stay in their available balance for longer than 90 days
you need to payout within that period