#tomislav_connect-modeling

1 messages ¡ Page 1 of 1 (latest)

tulip magnetBOT
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ebon topazBOT
radiant mauve
shrewd igloo
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@radiant mauve my goal is that platform has no fee. In that case, do we need to send application_fee_amount=0 or calculated Stripe fee as application_fee_amount. If we need to send Stripe fee amount, how to calculate it (e.g. EU and UK cards have different %). How to be sure that after we pay Stripe's fee our balance will be exactly 0?
Thank you!

radiant mauve
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As a platform if you use Destination Charges you always pay the fee, you are on the hook for refund fees, dispute fees, negative balances, etc.

so really it's on you to prive your overall product offering so that you can take your own fee separate from Stripe and be net positive. There is no way to just have Stripe take the right fee from the connected account in that case

shrewd igloo
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It's hard for me to understand is it Destination Charge the best choice. Our platform is for ordering food, but witouth delivery....just platform for the restoraunts. Direct charges looks like good option, but it looks like that buyer need to insert card for every single restaurant.
What you think. Destination Charges or Direct Charges for this scenario?

radiant mauve
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The first step is to pick the account type that fits your business: https://docs.stripe.com/connect/accounts
It's between Standard, Custom and Express and comes with fundamental decisions like who owns liability, who has Dashboard access, who owns onboarding, etc.
After that decision you pick the flow of funds that fits that account type

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tomislav_connect-modeling