william-treasury-externalaccount | Stripe Developers | Page 1

void timberBOT Dec 11, 2023, 6:24 PM

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Hello! We'll be with you shortly. Below are links to other discussions we've had with you in the past week in case you want to review that information. If your question is related to one of these previous discussions, please provide a comprehensive summary of the current state and what you need help with now. We help many users simultaneously, so a summary allows us to resolve your issue as soon as possible.

_durrell, 3 hours ago, 8 messages

delicate jewel Dec 11, 2023, 6:24 PM

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william-treasury-externalaccount

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@jovial kernel a connected account always needs an external account, it's a requirement on our end. And we recommend not using OutboundTransfers for this and instead adding the Treasury account as an external account for Payouts

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I don't really get what

Instead they are transferring money to their bank (payment method) via Outbound Transfers.
means here. Aren't you collecting payments for them? If so the money would be in their account's balance not in Treasury right?

jovial kernel Dec 11, 2023, 6:27 PM

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I appreciate your help. Let me get some links to some Stripe docs so I can better explain what I mean.

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We followed the example here: https://stripe.com/docs/treasury/examples/moving-money#adding-an-external-bank-account

We created a Stripe::SetupIntent and attached it to an account-attached PaymentMethod. We made sure attach_to_self is true, which enables the bank account information to be associated with the Stripe accountholder (rather than a third party). We are able to move money in/out of this bank account using inbound/outbound transfers.

The above setup lets us use inbound/outbound transfers to move money in/out of the Treasury Financial Account's balance: https://stripe.com/docs/api/treasury/financial_accounts/object#financial_account_object-balance

We aren't using the regular Stripe::Accounts balance.

delicate jewel Dec 11, 2023, 6:40 PM

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So you never accept payments on their behalf?

jovial kernel Dec 11, 2023, 6:43 PM

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We will be letting Financial Accounts make Outbound Payments to other Financial accounts connected to our platform. Outbound Payments go into the Financial Account's balance, not the Stripe Account's balance.

delicate jewel Dec 11, 2023, 6:44 PM

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Yes sorry you aren't really responding to my question but I guess that's your way of saying no you don't accept payments via Stripe.

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You still need an external account for all connected acocunts, so the best option is to attach the FinancialAccount as an external account too with the raw bank account details

jovial kernel Dec 11, 2023, 6:47 PM

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ok. Everything seems to be working without having this external account attached. What could happen if we didn't attach the FinancialAccount as the external account?

delicate jewel Dec 11, 2023, 6:48 PM

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I think the account might be disabled for payments and later Payouts. Not sure if that will cause problems. You might want to ask confirmation to our support team: https://support.stripe.com/contact

jovial kernel Dec 11, 2023, 6:49 PM

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Ok. Thank you for your help 👍

#william-treasury-externalaccount