#148934569_api
south pollenBOT
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vapid flareBOT
lapis light
Hi, let me help you with this.
It depends where do you want to send money exactly. You can pay it out to your own bank account. If it involves other parties, you will need to use Stripe Connect.
vapid flareBOT
remote magnet
It depends where do you want to send money exactly. You can pay it out to your o...
What do you mean other parties ? We want to payout monies to service providers from the pool of money received from subscriptions. I have read these monies go to the platform so easy way would be using payouts from what I read
What would you recommend
open gyro
A payout will only be sent to one bank account that's attached to your Stripe account.
There's no way to send funds from your balance to multiple different bank accounts.
Well, except for using Stripe Connect where you create connected accounts for your service providers (who can attach their own bank accounts to the connected accounts).
remote magnet
So if am not wrong we can keep collecting subscriptions with stripe then we can manually transfer portions of money to supplier's connected account. Since the transfer accumulates in their supplier's connected account we can also manually payout their connected account balances after a certain threshold is met say 1000 euros connected account balance will be sent to the external bank account or card they registered ?
open gyro
Correct
remote magnet
Since we have to bear all the stripe fees can we preempt the amount of payout money the supplier will receive before actually doing the payout ? Is there an API for that
open gyro
You can check connected account's balance using balances API
https://docs.stripe.com/connect/account-balances#check-connected-account-balance
remote magnet
Yea thanks maybe I didnt ask my question correctly. Can we estimate the stripe fees before the payout. Say we already know connected account ABC has met the threshold 1000 euros. Now we need to payout that amount to the supplier external account. Can we estimate the stripe fees before sending the amount to external account - card or bank ?
open gyro
I didn't know there were fees for payouts tbh. Our team on discord isn't familiar with the fees at all.