adam_85012 | Stripe Developers | Page 1

coarse tangleBOT Dec 11, 2023, 4:19 PM

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spring knoll Dec 11, 2023, 4:20 PM

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Hello, welcome 👋

Can you clarify what do you mean by "payouts using ACH"?

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Is there a specific guide you're looking at?

cursive spruce Dec 11, 2023, 4:22 PM

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We use stripe to charge virtual cards on behalf of our clients. there are hundred of such transactions. We want on set schedule to aggregate these charges and payout our clients minus our commission. We want to automate the process of paying our clients from our stripe account. Hence ACH seem to be appropriate but open to other methods

spring knoll Dec 11, 2023, 4:23 PM

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Gotcha. Have you looked at any Stripe docs so far or are you just looking for instructions about where to get started?

cursive spruce Dec 11, 2023, 4:24 PM

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yes i want instructions on where to get started

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One important condition is we can't demand that our clients have a stripe account. So we need to be able to send the money to our client bank of choice

spring knoll Dec 11, 2023, 4:26 PM

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Gotcha. So for your usecase, you'd need to use Stripe Connect.

This would allow you to be a platform for your clients (which would be connected accounts). As a platform, you can collect payments from those payment methods and then transfer it to the connected accounts (your clients)

The connected account can be on automatic payouts which would send funds to the bank account they onboarded with

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oh

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That's not something Stripe can support as far as I know

cursive spruce Dec 11, 2023, 4:30 PM

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I see, just to confirm you are saying the only way for this to work is for our clients to have stripe accounts to which we make payouts using the stripe connect APIs. Clients can setup their stripe accounts for automatic payment to their bank account. Correct? if so, are there are financial implications to us and our clients? in other words, does stripe charge for these transactions?

spring knoll Dec 11, 2023, 4:32 PM

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I see, just to confirm you are saying the only way for this to work is for our clients to have stripe accounts to which we make payouts using the stripe connect APIs. Clients can setup their stripe accounts for automatic payment to their bank account. Correct
Correct

if so, are there are financial implications to us and our clients? in other words, does stripe charge for these transactions?
That's not something our team on discord would know much about unfortunately. Fees and all are outside of our expertise. I'd expect there to be some sort of fees, yes but I have no idea what kind and so on.

I would suggest you reach out to our support about that
https://support.stripe.com/?contact=true

cursive spruce Dec 11, 2023, 4:35 PM

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That is very helpful Hanzo. Thank you Sir!

spring knoll Dec 11, 2023, 4:35 PM

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NP! 🙂 happy to help
Good luck

#adam_85012