#pajoem_api

1 messages ¡ Page 1 of 1 (latest)

frozen jackalBOT
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cedar haven
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Hi there, what do you mean by "asset and liability account of a created customer" ?

modern barn
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we want to help our customers facilitate payments to third parties using stripe connect via plaid...without having to serve as a custodian

cedar haven
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I still don't quite understand what you want to achieve here.

modern barn
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no we are creating a programmatic debt payment solutions for customers...and so we need to be able to facilitate their debt payments on their behalf using stripe connect without ever touching the assets ourselves

cedar haven
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Can you share with me a concrete example to help me understand your use case?

modern barn
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this is an overly simplisitic example, a person normally pays down their minimum debt requirement, say $100/month...we suggest that if they instead pay $150 per month ...they would save $x on the total cost of their debt. we then want to execute that new payment on their behalf. hopefully that's helpful haha

cedar haven
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So basically you want to collect 1$50 from your customer. But I don't quite understand what you mean by " execute that new payment on their behalf" . Can you elaborate?

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For exmaple, tell me the fund flows that you want to achive here.

modern barn
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no, we don't want to collect the money at all

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we merely want to be able to automate payments between our customer's asset accounts and liability accounts via stripe connect and plaid (e.g., call a payment from their bank account to their own credit card account)

cedar haven
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No I don't think this is something that Stripe provides

hearty terrace
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So in theory the way it would have to work currently is we would need to collect the money and then send it off to the user's debt account?

frozen jackalBOT
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@hearty terrace looks like you're in the wrong place, this thread is for someone else's question.

Note that posting inappropriate messages in other people's threads is against the rules. No worries if this was just an honest mistake, but anyone who violates the rules multiple times will be removed from this server.

modern barn
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@hearty terrace is ok to be here

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just in case you missed it @cedar haven , under the current construct, we would have to accept funds from our customers and send it ourselves? And thank you for the quick replies!

cedar haven
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Yes you are right. You can collect payments from you customers and transfer the funds to your connected accounts

modern barn
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apologies for the dumb question, logging in thru plaid --> a customer can't use the token exchange api and pay third parties via stripe connect?

cedar haven
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Is the "token exchange" API provided by Stripe?

modern barn
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no that would be from the plaid side

cedar haven
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I don't think you can use a third-party API with Stripe Connect