eric-transfer-fx

[lucid bolt]

eric-transfer-fx

@blissful wharf unfortunately that is impossible. If you have USD in your platform's balance and then want to transfer funds to a connected account, you can only transfer USD. You have no way to say "transfer exactly $100 CAD" for example.

[blissful wharf]

Thanks for replying! But if I don't need the exact number, I can do it but it's hard for me to make sure the user will receive the exact amount right? Like for example it could be 500.2 or 499.3

[lucid bolt]

correct

[blissful wharf]

But can I know how much the user receives in another currency, after the API call? I mean can I do it this way, I'll transfer to the seller for example estimated 501 Euros, then if it turned out to be 499 after conversion, then we transfer another 1 Euro to them, if it's 501, then transfer back 1 to us. Is it something you would suggest us to do?

[lucid bolt]

@sharp field is taking over for me and will follow up on that question in a bit

[blissful wharf]

Thanks!

[sharp field]

The thing that sticks out to me there is that I think there would be a currency exchange fee on each transfer there. So the small single euro transfers might end up costing more than they are worth to get the exactly right amount

[blissful wharf]

I see, but for those small amount of money maybe we will transfer them from our balance instead of from the transaction. In that case do you see any problems?

[sharp field]

Those would both behave the same currency-conversion wise. Specifying a source_transaction means that Stripe will error out if you try to transfer more funds than were collected via that payment, but transfer functionality is the same otherwise