#ahmed-wellness_sct-funds-flow

1 messages · Page 1 of 1 (latest)

turbid ruinBOT
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hearty moat
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Hi 👋

Separate Charges & Transfers is a fundamentally different funds flow than Destination Charges.

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You would do one or the other

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the transfer_group parameter is used by you to help link Transfers to Charges

Create a PaymentIntent on your server with an amount, currency, and a transfer_group value to associate with the transfer of funds later.

warm grove
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Thank you for clarifying that the transfer_group parameter links Transfers to Charges. Could you please provide an example of how we might use transfer_group in a scenario like the following?

Let’s say a Franchise HQ defines a 1.75% marketing fee on all transactions in our backend, which they wish to pull from each Franchisee location’s transactions. They can then select specific locations (connected accounts) to apply this marketing fee, while transferring the remaining funds to those locations.

How would we set up the transfer_group in this case to apply the 1.75% marketing fee on each location's transactions?

Additionally, if the Franchise HQ configures different fee structures that apply only to certain locations (e.g., marketing fees for only some connected accounts), could you outline how transfer_group can help manage these variations in fee distribution across different charges and transfers?

Thank you for any examples or insights on best practices for this setup!

hearty moat
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I think you are expecting too much from the transfer_group parameter. All it does is like the Transfer object to the Charge object in Stripe. It does not have anything to do with colelcting funds

warm grove
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I see, thank you!

If you don't mind, I have a few more questions.

  1. For enterprise locations, we would like to charge a flat fee that is not tied to a specific transaction and transfer it to HQ from the franchisee location based on the fee configuration set up in our backend. Could you elaborate on how we can set up such a scenario?

  2. Some businesses require that their percentage split (e.g., 1.75%) is calculated on Total Gross Sales while others prefer it to be taken from Total Net Sales (after applicable discounts or taxes). Is it possible within the Separate Charges and Transfers feature to specify this preference, and how would we define this within the integration?

  3. We use a concept of Revenue Categories within WellnessLiving for categorizing and reporting sales activity across various service types (e.g., appointments, packages, spa treatments, etc.). Is there a way to integrate these Revenue Categories with Separate Charges and Transfers so they can be referenced in reports or in applying fee structures?

  4. Is there a way to define a cadence or schedule for when percentage-based or flat fees are applied? For example, if a business wants to apply a 1.75% marketing fee on gross sales for each franchisee location on every transaction and an additional flat fee of $200 per month, can we configure these to be automatically scheduled?

hearty moat
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For enterprise locations, we would like to charge a flat fee that is not tied to a specific transaction and transfer it to HQ from the franchisee location based on the fee configuration set up in our backend. Could you elaborate on how we can set up such a scenario?

For this I recommend creating a Customer for each Connected Account and charging the Customer.

Sorry but this server is to provide specific advice to developers coding integrations with the Stripe APIs.

warm grove
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Got it, can you point me in the right direction in terms of who I can contact to answer these questions. Apologies in advance.

hearty moat
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Is it possible within the Separate Charges and Transfers feature to specify this preference, and how would we define this within the integration?
With SC&T, you don't specify a percentage to keep. You collect funds yourself in the Charge and then you choose how much to transfer to connected accounts

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We use a concept of Revenue Categories within WellnessLiving for categorizing and reporting sales activity across various service types (e.g., appointments, packages, spa treatments, etc.). Is there a way to integrate these Revenue Categories with Separate Charges and Transfers so they can be referenced in reports or in applying fee structures?
We cannot help with fees or reporting here

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Is there a way to define a cadence or schedule for when percentage-based or flat fees are applied? For example, if a business wants to apply a 1.75% marketing fee on gross sales for each franchisee location on every transaction and an additional flat fee of $200 per month, can we configure these to be automatically scheduled?

If these are fees you are collecting from your Connected Accounts separate from any charges, then I recommend you use the approach I outlined for 1. of creating customers for each Connected Account and charging the customers on some cadence. You would need to track the amount you want to collect in your own system

warm grove
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Thanks for the help!

hearty moat
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Happy to shed what 💡 I can 🙂

turbid ruinBOT