#riptired_api

1 messages ¡ Page 1 of 1 (latest)

minor dragonBOT
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elfin fable
grizzled linden
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Hey sorry I just ended up using the API -- can I transition this to a different question

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When making a transfer to a connected account, I want the amount they receive to be post Stripe fees i.e. I want to pay the connected account $100 post stripe fees

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If I am doing this via Stripe transfers how would I accomplish that? / is there some configuration I need to do for that

elfin fable
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If you transfer $100, that will transfer them $100 without any Stripe fees involved. That would mean that $100 leaves your account's balances, so you would be at a loss if the total payment is $100, but the fees are taken on the payment itself, we don't have a fee on transferring funds between accounts as far as I am aware.

grizzled linden
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Including for international connected accounts?

elfin fable
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Ah you are talking about foreign exchange fees. Is your platform account a non-USD account?

grizzled linden
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No my platform is a USD account but a connected account I am dealing with is Canadian

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ah so I need to factor in foreign exchange?

elfin fable
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Canadian accounts can either have CAD or USD bank accounts connected to them. We convert the currency if the connected account does not have a bank account in that currency. https://docs.stripe.com/connect/currencies

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Checking to see if we have a way to estimate the exchange rate

grizzled linden
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Based on those docs though my platform account should be eating all of the fees?

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the balance that is showing up on that test connected account is $96.73 for a transfer of $100 acct_1Ps804D89fwhEmIb

elfin fable
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Can you link to the transfer itself? (tr_1234)

grizzled linden
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tr_1Ps8NPDkBFIupQ29kdwMHwg3

elfin fable
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Still trying to figure this out. For that transfer it looks like the the account got 133.37 CAD added to its balance. Where are you seeing $96.73?

grizzled linden
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which doesn't make sense because its not translating to 133.37 CAD

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The main question I have is just around transfering out the whole $100 USD to CAD / USD connected accounts post fees

elfin fable
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If you go to the account's specific dashboard page or retrieve its balances via the API, do they also say $96? I think that page may show you things in USD, as far as I can tell the CA account should have 133 CAD on it. I think the FX fee may have come out of the transfer when the FX happened but am having trouble finding specific proof of that. I will talk to my colleagues and see what we can find.

grizzled linden
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The account specific dashboard shows 133.37 CAD

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@elfin fable I was talking to regular support in parallel here so as an FYI for you

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Thanks for your help!