curious-connect-automatepayouts | Stripe Developers | Page 1

maiden summitBOT Jan 3, 2024, 11:03 PM

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worn jay Jan 3, 2024, 11:03 PM

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Hey @unkempt marten I'm sorry I don't really understand the question

unkempt marten Jan 3, 2024, 11:05 PM

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I am working on platform that collect payments from users and distribute payouts to users based on earnings. So, while giving payouts we use calculcations based on several factors.

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I am looking to automate these payouts

worn jay Jan 3, 2024, 11:12 PM

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I'm sorry this is still really vague for now unfortunately. By default we handle Payouts automatically for you already. It's possible to switch to manual Payouts so that funds build up over time in your Stripe account and then you manually create a Payout when you send funds, but that's an active decision you made in your integration/code.
Also a lot of this changes based on the type of connected accounts (Custom, Express or Standard) and the flow of funds (Destination Charges, Direct Charges or Separate Charges and Transfers)

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curious-connect-automatepayouts

unkempt marten Jan 3, 2024, 11:30 PM

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Sorry for the inconvenience. I will try to reframe it,
I am using https://stripe.com/docs/connect/add-and-pay-out-guide?integration=with-code#with-code-pay-out-to-user. I invoke it whenever there is request made from any user based on the earnings available on the platform. Now, I want to automate the process to transfer these funds on monthly basis.

maiden summitBOT Jan 3, 2024, 11:31 PM

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worn jay Jan 3, 2024, 11:31 PM

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Sorry this keep being super vague. That doc is really just a high level example but unlikely to be exactly what you are doing. There isn't really a way for Stripe to "automate Payouts" if what you do is add a huge amount of money to your platform balance but we have no details on who is owed what

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There are many ways to approach this but I still don't really get what you are trying to do. If all you want is Stripe to automatically send money to those connected account's bank accounts on a set schedule (daily/weekly/monthly) then that is fairly easy as long as you put money into their balance

unkempt marten Jan 3, 2024, 11:32 PM

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Is there a way to automate transfer of money into their balance?

stiff spade Jan 3, 2024, 11:34 PM

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👋 hopping in here since koopajah has to head out

unkempt marten Jan 3, 2024, 11:35 PM

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Hey @stiff spade, can you help me with the above question

stiff spade Jan 3, 2024, 11:40 PM

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Backing up for a second here, are you talking about creating Transfers (transferring from a platform to the connected account) or creating Payouts (paying out funds from the connected accuont to their own bank account outside of stripe)

unkempt marten Jan 3, 2024, 11:41 PM

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I am talking about Transfers

stiff spade Jan 3, 2024, 11:43 PM

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gotcha - then you'd have to build this automation on your end. We don't have any features that would automatically generate a monthly Tranfers for you

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The closest thing we have is automatically transferring for each payment (by setting transfer_data with the payment intent)

unkempt marten Jan 3, 2024, 11:49 PM

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Okay thanks

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Do you think I would need to achieve a scheduling mechanism on my end? Or is there any alternative to it ?

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