#subhrajeet99

1 messages · Page 1 of 1 (latest)

soft yachtBOT
mild widget
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hello! so in essence, your platform will take a one time 7% setup fee on every subscription, and 4% on every subscription payment - is this right?

earnest sorrel
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Yes you are correct

mild widget
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who will be the merchant shown on the realtors' credit card statement when making payment for the subscription - your platform or the broker?

earnest sorrel
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The broker

mild widget
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I think this guide will be helpful for you : https://stripe.com/docs/connect/subscriptions. If you're using Standard accounts, you'll want to use Direct Charges with Subscriptions : https://stripe.com/docs/connect/subscriptions#use-direct-charges-to-create-a-subscription - since the merchant shown on the credit card statement will be the broker.

If I understood your use case correctly : The application_fee will be complicated - for the first time payment, you'll need to calculate the percentage to be charged as an application fee in your own system before creating the Subscription. e.g. (the application fee for the setup fee + the application fee for the subdomain charge) / total for first subscription payment. There's no easy workaround for this since you can only set an application_fee_percent at the subscription level : https://stripe.com/docs/api/subscriptions/object#subscription_object-application_fee_percent

Subsequently, after the first payment, you would update the application fee of the Subscription to be 4% (since there's no more setup fee being charged).

With Connect, you can create subscriptions for your customers or connected accounts.

With Connect, you can create subscriptions for your customers or connected accounts.