#ashish-patil_api

1 messages · Page 1 of 1 (latest)

wispy sonnetBOT
slate ploverBOT
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wispy sonnetBOT
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shadow plover
sick hill
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Hello

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You aren't passing the Connected Account header here

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That is required to create a Payout on your Connected Account

shadow plover
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Ohh

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Okok, Thanks I'll check.

sick hill
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👍

shadow plover
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I want to send money to a connected account, so how can we do that using api?

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I've to create a payout right?

sick hill
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Are you asking how to send money from the Connected Account's balance to their external bank account?

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Or how to move money from your platform to the Connected Account?

shadow plover
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From platform to connected account

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Main account to connected account

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This is the main account right?

sick hill
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Yes

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Let's back up though.

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What are you really trying to do here?

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What is your use-case?

shadow plover
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I want to send money here

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This is a connected account

sick hill
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Are you taking payments from end-customers?

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And what type of a Connected Account is that?

shadow plover
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No, I have to pay customers

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Express account

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The main goal is to send money to an external account

sick hill
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So you are topping up your platform balance and then want to move those funds to the Connected Account and payout to their external account?

shadow plover
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Yessss

sick hill
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Gotcha, and are these Connected Accounts in the same region as your platform?

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Like both US-based or both EU-based?

shadow plover
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No I guess

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Will it not work for different platforms?

sick hill
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Is your platform US-based?

shadow plover
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The platform is EU and the connected account is US

sick hill
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Hmm yeah that isn't going to work

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That violates Cross Border regulations

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You can't Transfer funds cross border in that nature

shadow plover
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I can see this

shadow plover
sick hill
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Yep that's what I'm referencing above

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So you could only move money to those US accounts if it is via a payment

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You can't just transfer funds from your platform

shadow plover
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How can we pay the customers who are from another country?

sick hill
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You can't in the way that you described

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But you still haven't really explained your use-case

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So I don't really understand what you are trying to do to begin with

shadow plover
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Ok, I'll explain

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See we have a platform where a customer will take some service from the service provider and once the service is completed, the customer will pay the service provider, whatever customer will pay we are keeping those funds in the platform account and after a certain period of time we'll keep an option for the service provider to withdraw it, it means here we are transferring funds from the platform account to the service provider account that is connected account.

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Customer -> Platform -> Service Provider

sick hill
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Gotcha so the way to do this is instead hold the funds in the Connected Account and not on your Platform

shadow plover
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And the service providers are our connected account

sick hill
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You can set the Connected Account to be on manual payouts, meaning you control when a Payout is created

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Meaning you could accept a payment on your EU platform and have the funds transferred to the US account

shadow plover
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Can we directly transfer funds into a connected account?

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Instead of platform

sick hill
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Yes you could use Direct Charges (see: https://stripe.com/docs/connect/direct-charges) but really those are meant for Standard Connected Accounts. The recommended flow is to use Destination Charges with Express accounts so that you can control settings from your platform Dashboard.

shadow plover
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Ohh

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Can you please summarize it for me?

How the flow will be and which api should be used where

sick hill
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That describes the flow