#kale_docs
modern krakenBOT
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neat sierra
This is my current setup, I create a 2nd product for each product that has the precalculated stripe fee but i have no way of collecting this fee as the platform:
sweet stoneBOT
hasty ice
Where do you want to collect the Stripe transaction fee from? The customer or the landlord (connected account)?
neat sierra
from the customer
hasty ice
In you application_fee, you can include the amount of stripe transaction fee, so that it'll go to your platform
neat sierra
if you are referring to the application_fee_percent available in the subscriptions api, i have tried that and it does work if the tenant uses a bank account (0.8%) to pay for the rent but im not sure how to collect the extra 30 cents that is charged if a tenant uses a credit card (2.9% + 30 cents).
hasty ice
What type of connected account do you use? Standard, Express or Custom?
neat sierra
standard
hasty ice
I'm afraid there is no straightforward way to do this. One way that can be done is to have higher application_fee_percent, then refund the application fee to the connected account: https://docs.stripe.com/api/fee_refunds/create
sweet stoneBOT
neat sierra
i guess i could try that, however I would like to avoid unnecessary movement of funds to avoid confusion with the landlords and tenants. Is it possible to achieve the same monthly payments behavior via automated monthly invoices?
wide hare
Hi I'm taking over this thread
Can you elaborate more about "achieve the same monthly payments behavior via automated monthly invoices" ?
neat sierra
i would like to collect a fixed application fee from the tenant (customer) to pay for the stripe transaction fee. Currently I am using the subscriptions api to charge the tenant monthly. I am wondering if I can achieve the same montly billing functionality with the invoices api because I can charge a fixed application fee when I create an invoice.
wide hare
https://docs.stripe.com/api/invoices/create#create_invoice-application_fee_amount yes you can specify an application_fee_amount with Invoice API, but you will need to manage the recurring by yourself if you don't use subscriptions