cargodev_best-practices | Stripe Developers | Page 1

crisp girderBOT Jul 10, 2024, 1:08 AM

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fathom hill Jul 10, 2024, 1:14 AM

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I see the '👀' emoji reacting to the recent post - is there any additional info we can provide to help identify the best solution?

hexed pilot Jul 10, 2024, 1:18 AM

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hello! no, you'll want to do Separate Charges and Transfers

fathom hill Jul 10, 2024, 1:19 AM

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We're remitting insurance premium, and would definitely prefer to directly transfer funds to insurance entity (without it hitting our platform account) - is this possible?

hexed pilot Jul 10, 2024, 1:23 AM

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i think the key point here is that you want to transfer funds to more than a single party. If you just want to collect payment for a single party, using direct charges would work

fathom hill Jul 10, 2024, 1:23 AM

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Do we have to pay an additional 2.9% fee when we execute a transfer?

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Or only 2.9% when collecting funds from cardholder?

hexed pilot Jul 10, 2024, 1:25 AM

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Stripe charges a fee when you collect payment from a cardholder. There's no fee for a Transfer

fathom hill Jul 10, 2024, 1:25 AM

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amazing - thanks for clarifying

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do you know if there's any tax implications if ALL funds hit our platform account, before disbursement to corresponding connect accounts?

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Rather than direct charge to connect account that is ultimately collecting funds

hexed pilot Jul 10, 2024, 1:27 AM

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unfortunately we can't really advise on tax, you'll need to talk to an expert about that

fathom hill Jul 10, 2024, 1:27 AM

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10-4

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We'll speak with our accountant

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We could create 3 direct charge payments (each for a different product_ID)

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Rather than running a transfer

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Have you seen that implemented before?

hexed pilot Jul 10, 2024, 1:31 AM

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you could, that would work too. From our perspective, you're essentially doing direct charges on different merchants. That's quite normal. As an example, if you were providing software as a service e.g. Shopify, they would charge to the merchant directly too

fathom hill Jul 10, 2024, 2:56 AM

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Is it possible to have 1 invoice that’s linked to 3 different connect accounts (under our single shared platform account)?

hexed pilot Jul 10, 2024, 2:58 AM

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linked in what way?

#cargodev_best-practices