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naive kiln
Is Daycare a Connected Account of your account?
stiff glacier
no
naive kiln
Hmm but are they managing your bank account? Why would you want to transfer to them?
stiff glacier
Actually, I want to build feature like Daycare will get amount from admin threw stripe, but as per client requirement daycare account should not create. Only admin has their account in stripe.
naive kiln
Sorry I am not really following. You have a Stripe Account, when Daycare doesn't have one? So what's the fund flow you are trying to build?
stiff glacier
Let's say customer make payment for selected daycare for their children's. As per our client requirement customer will done payment of $25. $25 is divided into $5 platform fee and $20 daycare fee. So when customer done payment of $25, $5 platform fee will send to admin stripe account and $20 daycare fee will send to daycare bank account. Currently admin receive payment properly. But Don't know how to done payment to daycare. So is it possible to done payment for daycare without using stripe connected account. I hope you get it now.
naive kiln
Well that’s the perfect scenario for Connect and Daycare would have 1 Stripe Connected Account.
You can hide the account from them by using Custom
But eventually they are an entity involved in the flow, so they should be holding a Stripe Account
stiff glacier
Ohk Get it. Thank you
stiff glacier
I have other requirement for client is it possible ??
Eventually I was hoping to set up another couple bank accounts and split off my platform fee via a payout configuration that pays out my platform fee in a % weekly or something to my bank accounts listed. Example 25% to future development/upgrades account, 30% to tax owing account, 10% to salary, to 10% marketing or something like that. Just keeps my business finances tidy and not manual.
naive kiln
You want to think of Stripe balances before Payout. Each Stripe Account has a balance, and Payout is just the last step to move anything from the balances to the real bank account
When you distribute funds betweek multple Stripe Account, you transfer between their balances
stiff glacier
so i have to create distributed stripe account ??
signal ferryBOT
icy gate
What do you mean by "distributed stripe account" exactly?
stiff glacier
I want feature for below client requirements, So distributed stripe account means development account, tax owning account, marketing account. So Should I create that all distributed stripe account to split $5 platform fee ???
"Eventually I was hoping to set up another couple bank accounts and split off my platform fee via a payout configuration that pays out my platform fee in a % weekly or something to my bank accounts listed. Example 25% to future development/upgrades account, 30% to tax owing account, 10% to salary, to 10% marketing or something like that. Just keeps my business finances tidy and not manual."
icy gate
Ok, this is not a trivial setup, but yes, in this case, you would need to use Stripe Connect and have a separate Stripe account for each purpose.
stiff glacier
ok thank you got it..
icy gate
Happy to help.