#shiroyasha_connect-transfers
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shell jungle
shiroyasha_connect-transfers
solid rover
shell jungle
@solid rover there are many ways to integrate Stripe Connect and various flows of funds and it's up to you to pick the one that corresponds to your needs.
Based on what you described, you seem to accept the payment on your own platform account, hold on to the balance and then once ready you want to create a Transfer which moves the funds from your platform's balance into the connected account's balance. After that you need to create a Payout which moves the funds from a Stripe account's balance (inside of Stripe) to the bank account on file (outside of Stripe).
solid rover
yes that's it
but if i m not wrong, the express account holder can do payout himself isnt it ? i saw an option set to 'manually every 7 days' but idk what does this mean
in my understanding i dont need to make a payout because every 7 days money on the express acc is going to his bank account but i may be wrong
shell jungle
There are 3 options
- Keep the account on automatic Payouts. This means we (Stripe) will bundle their funds daily (or weekly) and then create a Payout for their funds automatically. That's the easiest
- Switch their Payout schedule to manual and handle the Payout creation yourself via the API. Usually after creating the Transfer, you can then create a Payout on their account to send them their funds
- Use our Connect Embedded component for Payouts so that you can let the owner of the Express account create a Payout once they want their funds: https://docs.stripe.com/connect/supported-embedded-components/payouts
Most people go with option #1 in your situation
solid rover
yeah i m looking for option 1
i will take a look to the api when i create an account
shell jungle
yeah the default is automatic Payouts so you don't need to do anything else
shell jungle
yes
solid rover
what about fees please ?
shell jungle
https://stripe.com/pricing for fees. Sorry I focus on API questions and can't really speak much about fees beyond that
and https://stripe.com/docs/connect/manage-payout-schedule for the Payout schedule questions