dammy-sct-amount | Stripe Developers | Page 1

oak sirenBOT Jan 31, 2024, 1:47 PM

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fathom moon Jan 31, 2024, 1:48 PM

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The PaymentIntent amount is what you'd charge your customer and the transfer amount is what you'd send your connected account.

So depending on how much your platform wants to keep after Stripe fees, you'd need to specify the amount accordingly

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Just as a heads up, we know nothing about fees. So we can't say what the final amount you should charge your customers.

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It's completely upto you

oak sirenBOT Jan 31, 2024, 1:51 PM

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dammy-sct-amount

south solar Jan 31, 2024, 1:52 PM

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If I transfer $100 to a connected account, will they receive the $100 and I'll pay for the Stripe fees?

fathom moon Jan 31, 2024, 1:53 PM

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Yes, if you transfer $100 then connected account will receive $100

The fees are deducted when the original payment gets settled on the platform account. See: https://stripe.com/docs/connect/separate-charges-and-transfers#collecting-fees

south solar Jan 31, 2024, 1:56 PM

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fathom moon The PaymentIntent amount is what you'd charge your customer and the transfer amo...

Does that mean I don't need to create a PaymentIntent when transferring money to a connected account?

fathom moon Jan 31, 2024, 1:57 PM

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You could transfer funds to connected account from your account balance

south solar Jan 31, 2024, 2:00 PM

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Why then is PaymentIntent added to this page?
https://stripe.com/docs/connect/separate-charges-and-transfers

supple ridge Jan 31, 2024, 2:05 PM

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south solar Does that mean I don't need to create a PaymentIntent when transferring money to...

A PaymentIntent is needed to collect funds from the customers by the Platform (charge), then a Transfer is used to move the funds from the Platform to the Connected account.

south solar Jan 31, 2024, 2:08 PM

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I want to be paying people, say my employees. Then I guess from your explanation, I don't need PaymentIntent for this purpose, just Transfer will be fine.

supple ridge Jan 31, 2024, 2:12 PM

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Note that to create an active Stripe account they will need to have a registered company.

south solar Jan 31, 2024, 2:13 PM

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Do you mean the connected account?

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Can't connected accounts be individuals?

supple ridge Jan 31, 2024, 2:23 PM

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That's more of a legal question, but they are treated as separate legal entities. I would ask Stripe Support how it is in your country: https://support.stripe.com/?contact=true

south solar Jan 31, 2024, 2:27 PM

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Ok sure.

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Can Transfers be scheduled?

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...to a connected account?

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Say weekly or monthly.

supple ridge Jan 31, 2024, 2:31 PM

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No, you will have to implement the scheduling yourself.

south solar Jan 31, 2024, 2:32 PM

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Thanks for the information.

supple ridge Jan 31, 2024, 2:37 PM

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Happy to help.

#dammy-sct-amount