#naveed-web3auth_docs
1 messages · Page 1 of 1 (latest)
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- naveed-web3auth_docs, 1 day ago, 45 messages
Hi there, you'l find the answer here https://docs.stripe.com/connect/currencies#application-fees-for-direct-charges
"Although direct charges are in the connected account’s default currency, your platform receives the application fees for direct charges in your platform’s default currency."
The thing is when I set params like so
const paymentIntent = await stripeClient.paymentIntents.create(
{
amount: Number(totalCost),
currency: "GBP",
application_fee_amount: applicationFee,
},
So what I thought is that say application fee is 1000 cents
then i expected it would be in my platforms currency
but turns out it is in the presentment currency (in this case GBP)
Say for example I have a client that is GBP based, and they get their userbase to pay in EUR (presentment currency)
And say we are SGD based
What seems to happen here is the 1000 application fee specified is referring to EUR (the connected applications presentment currency) instead of SGD
Yes the description is correct in the sense that indeed we do end up receiving the application fee in SGD in the end
however, it wasnt clear regarding what the applicationFee currency would be (which in this case seems to be presentment currency)
I think it would be helpful to expound on this point in the docs
i.e expected 1000 application fee is 1000 cents SGD (platform settlement currency), but turns out its 1000 cents EUR (connected account's presentment currency)
Thanks for the feedback, I'll pass along to the docs team and ask them to make it clearer and avoid ambiguity.