#nerdslice_api
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zealous krakenBOT
maiden river
Hello! Can you provide more detail about the rate you want to set?
For the deposit part, have you read through this page? https://docs.stripe.com/connect/manual-payouts
frosty plaza
So we are at 2.7 and .05 per swipe. However, we are onboarding merchants who will be at our lower rate of 2.5% and $.10 (set by us) and we want to be charged the 2.7 and charge them the 2.5. So when we increase our monthly charges to a point we can renegotiate rates with stripe we don't have to change rates for customers.
So we have three subs on our SaaS. Lowest at 3% and $.10 a swipe, mid at 2.6% and .10 a swipe and highest at 2.5% and .10
maiden river
You can choose to charge your connected accounts whatever what you want. With separate charges and transfers you decide what amount gets transferred to your connected accounts, and it can be anything you desire.
The fees are charged to your platform account only.
See here for details: https://docs.stripe.com/connect/charges#destination
frosty plaza
OK so one of our just ran a charge for 1889. So you're saying if we switch to separate charges we will control that?
maiden river
Control what exactly?
frosty plaza
The rate the customer is getting
maiden river
A simplified example is you take $20 from a customer, Stripe takes $1 in fees (not the actual amount, just an example) leaving you with $19. You can then transfer all, some, or none of that $19 to a connected account.
frosty plaza
So in that example, the connect account I added from the req takes that same $20. It goes into our account and we initiate the $19 to the connected account?
maiden river
With separate charges and transfers the payment happens on your platform account. The $20 comes from the customer, $1 is taken out for fees, and $19 lands on your platform account. You can then do what you want with the $19 from there.
frosty plaza
And they onboard the same way as now? We just change our api integration?
maiden river
What type of connected accounts are you using now? Express? Custom?
frosty plaza
Custom
Here is the current api code we use
$paymentIntent = \Stripe\PaymentIntent::create(
[
'amount' => $total,
//get country currency from team.
'currency' => strtolower($lane->country).'d',
'payment_method_types' => ['card_present'],
'capture_method' => 'automatic_async',
//get package and determine percent to charge for fee.
//'tax' => $totaltax,
'application_fee_amount' => str_replace('.', '', number_format(round($total * 0.0003, 2), 2, '.', '')),
//'processing' => 5
],
[
'stripe_account' => $team['connect_id'],
]
);
maiden river
Yeah, with Custom accounts the onboarding process won't change.
frosty plaza
ok perfect. thank you so much! You just answered everything I need to do to make our rates work, and then we push hard to reduce our rate once we hit a decent threshhold