yatin_api | Stripe Developers | Page 1

grim widgetBOT Mar 7, 2024, 11:33 AM

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untold elkBOT Mar 7, 2024, 11:34 AM

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north zinc Mar 7, 2024, 11:37 AM

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No
You can't transfer amounts in different currency

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You need to send transfers using USD and then the conversion will occur on payout

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https://docs.stripe.com/currencies/conversions#:~:text=If you have accumulated a,manual payout in that currency.&text=As long as there are,the default bank account's currency.

steep anvil Mar 7, 2024, 11:55 AM

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okay, but if I want to transfer funds to connected acount then which API I have to used?

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Currently I have implemented transfer API, it works fine for the usd amount as I have balance in usd.

north zinc Mar 7, 2024, 11:56 AM

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Yes that's the API that's you need to use

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You send the transfer using the currency that you have available balance.

steep anvil Mar 7, 2024, 11:59 AM

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okay, so if I have to pay to ILS user I have to convert that amount into USD first and then have to pass it with transfer with currency 'usd', please correct me

untold elkBOT Mar 7, 2024, 11:59 AM

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steep anvil Mar 7, 2024, 12:08 PM

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@runic radish can you help me in this, as I am stuck on production due to this issue.

runic radish Mar 7, 2024, 12:08 PM

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👋 taking over for my colleague. Let me catch up.

steep anvil Mar 7, 2024, 12:08 PM

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sure thanks man!

runic radish Mar 7, 2024, 12:10 PM

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steep anvil okay, so if I have to pay to ILS user I have to convert that amount into USD fir...

the problem with that is that the conversion rate that you might use might be different from the one applied by Stripe upon payout

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so eventually your merchant might receive more or less the amount you owe them

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you can read more about this topic here https://docs.stripe.com/connect/alternative-currency-payouts

Alternative Currency Payouts for Connect marketplaces and platforms

Offer your connected accounts the ability to pay out in alternative currencies.

steep anvil Mar 7, 2024, 12:12 PM

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okay but what is the solution for it, what kind of changes I have do with transfer api

runic radish Mar 7, 2024, 12:14 PM

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please read through the doc I sent you first

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and if you have other questions please contact https://support.stripe.com/?contact=true

Stripe: Help & Support

Find help and support for Stripe. Our support site provides answers on all types of situations, including account information, charges and refunds, and subscriptions information. Get your questions answered and find international support for Stripe.

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they will be able to better help you with this

steep anvil Mar 7, 2024, 12:31 PM

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Thanks @runic radish for your quick help. Appreciated!

#yatin_api