#rohail-kamran_code
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safe lance
The message got cut off. I am sorry. Here is the complete information about what the client wants me to do:
The client wants me to create an app where every user can create a time based challenge. People can join these challenges by paying an entry fee (STRIPE) and as soon as the time based challenge is over, the accumulated sum of money needs to be transfered from some form of escrow (STRIPE) to the winner's account (STRIPE again). There can be multiple winners.
Please let me know if this is easily possible with Stripe.
young depot
Ok, so you want to collect payments from your customers, and payout the total amount to one winner?
safe lance
Yess. Maybe in the future there will be a gold, silver and bronze winner. So three winners maybe (in the future).
young depot
https://stripe.com/docs/payments/accept-a-payment you can read this doc to learn how to start accepting payments
For the winners, you need to onboad them as your connected accounts, so that you can transfer the funds to them and eventually payouts
safe lance
I see.... do you feel at any point during this project I would hit a wall? Where I would realize that my usecase is not possible with stripe?
safe lance
For the winners, you need to onboad them as your connected accounts, so that you...
Also, what are connected accounts and how can I add user X,Y,Z to user A's connected accounts?
How will we manage the escrow aspect of this if we are using stripe?
young depot
Accepting payments is straightforward, but payout could be a challenge if the winner is in a different region, in that case you might want to use cross-border payouts (this feature is only available to US accounts) https://docs.stripe.com/connect/cross-border-payouts
safe lance
Thank you for that insight!
How will we handle the escrow thing? Would that be a challenge as well?
young depot
Stripe doesn't provide escrow services or support escrow accounts
safe lance
I see... is there some other way for us to handle the escrow aspect? Like using the stripe developer's account for escrow?
young depot
I'm not aware of any
safe lance
For example : When a user creates a challenge and people enter it (by paying a certain amount), we recieve that payment inside the developer stripe account.
And when it's time to payout to the winner, we payout from there....
young depot
Are you still talking about using escrow for payouts?
safe lance
Trying to find a way around it such that it is effectively the same as using escrow
young depot
https://docs.stripe.com/payouts you can read this doc to understand more about Stripe payouts
safe lance
I see. Thanks Jack!
Lastly for now, if my account is continuously receiving payments and also paying out (super frequently) should I expect any hurdles?
young depot
What kind of hurdles do you refer to?
safe lance
Like rate limiting and being banned for activity that is toooo frequent etc