#gioisherenow
spice jewel
rustic niche
Nothing specific to what you ask, but it sounds like you need to collect multiple payments (from several customers) and then distribute via transfers
Is there some part of that flow thats not working like you expect, if you've tried to implement in test mode?
brisk gazelle
Hey Synth, thanks for the reply.
I haven't dug the documentation too much as I started this evening, would you be able to steer me in the right direction?
Would the following approach work:
- collect money with https://docs.stripe.com/payments/save-and-reuse?platform=web (we need to collect them as a recurrent subscription but we want to manage it ourselves, so we need to save the payment information and collect when needed)(and we will keep a fee of those payments)
- redistribute with https://docs.stripe.com/connect/account-capabilities#transfers
I have a question regarding this, where do the collected money go? Does the account have a default "Wallet" where the funds are kept or are directly transferred to our bank account (we need them to stay in stripe), then can we use Transfers to send money from this main platform wallet (if there is one) to the service providers?
Also, is it possible to send money to a service provider that is not directly registered (eg only with IBAN information), if yes are there any limit? (for example at most 100€ before needing a KYC)
rustic niche
I have a question regarding this, where do the collected money go?
It goes into your stripe account balance, and would be paid out if you have automatic payouts enabled
If you need to manage complex manual transfers you might want to use manual payouts to control those flows in more detail
Especially if you transfers won't align with payment amounts, which would prevent you from using the source_transaction pattern
Also, is it possible to send money to a service provider that is not directly registered (eg only with IBAN information), if yes are there any limit? (for example at most 100€ before needing a KYC)
No, you need to onboard a connected account to transfer funds to a service provider
brisk gazelle
Thank you, I will do some experiments to get a more fundamental understanding.
Is it an option to have multiple account balances?
Eg: we collect money from the end users, a transaction fee is taken and moved into walletA, and the rest stays in walletB ready to be sent to other connected accounts (the accounts of the providers)
rustic niche
No, not currently, though we're aware of interest in managing separate accounts of funds like that. Our teams are looking at options!
brisk gazelle
Got it, thanks for the help Synth! much appreciated