jakel_fx-transfer-fees | Stripe Developers | Page 1

woeful remnantBOT Dec 5, 2024, 9:40 PM

#

👋 Welcome to your new thread!

⏲️ We'll be here soon! Typically we respond in a few minutes, but sometimes we might take a bit longer if the server is busy or if you have a particularly tricky question.

⏱️ We close idle threads, which makes them read-only. Once a thread is closed it won't be reopened, but you can always start a new thread if you have another question.

🔗 This thread will always be available, even after it's closed. You can find it again using Discord's search, or you can save this link: https://discord.com/channels/841573134531821608/1314345760073973772

📝 Have more to share? Add more details, code, screenshots, videos, etc. below.

elfin cobaltBOT Dec 5, 2024, 9:42 PM

#

tiny zealot Dec 5, 2024, 9:42 PM

#

Hi 👋 sorry, just to be clear, you mean what is the final amount that the Connected Account received from the Transfer?

fickle siren Dec 5, 2024, 9:42 PM

#

that is correct, thanks

#

we make this transfer in USD to a Phillipine Connected account and it transfers the $240 USD to 13,956.24 PHP

#

we are hopiing to be able to get this 13,956.24 PHP back from the stripe api so we can have accurate reports for our customers since we are using custom connect

#

thank you

woeful remnantBOT Dec 5, 2024, 9:45 PM

#

tiny zealot Dec 5, 2024, 9:47 PM

#

I think what you're looking for can be found in the amount on the Balance Transaction object associated with the Charge returned in the destination_payment field of the Transfer creation request.

#

You can retrieve that Charge using the py_ ID in the response, and then find the ID of its associated Balance Transaction in the balance_transaction field:
https://docs.stripe.com/api/charges/object#charge_object-balance_transaction

fickle siren Dec 5, 2024, 9:50 PM

#

thank you !!!

#

i have one related follow up question

So I see that the API returns an exchange_rate that is different than the exchange rate that is displayed in the Stripe dashboard.

It appears that the exchange_rate returned by the API includes the 1% fee that Stripe is charging after the conversion.

civic chasm Dec 5, 2024, 9:55 PM

#

Hello! I'm taking over and catching up...

fickle siren Dec 5, 2024, 9:55 PM

#

Here is the screenshot of the Dashboard indicating that an exchange rate of 58.7384 and then the 1% fee is applied

#

But then the api returns the following and indicates that the exchange_rate is 58.151 and the fee is 0

civic chasm Dec 5, 2024, 9:57 PM

#

We can't really help with the Dashboard much here, that's something you'd have to ask Stripe support about. I recommend trusting the API over the Dashboard when things conflict, though.

fickle siren Dec 5, 2024, 9:58 PM

#

well, it's just that the exchange_rate listed in the API seems to be the blended rate of the actual exchange_rate and the stripe 1% fee that is applied

civic chasm Dec 5, 2024, 10:00 PM

#

There should be a separate Balance Transaction for the fee.

fickle siren Dec 5, 2024, 10:04 PM

#

the transfer.destination_payment.balance_transaction.fee is 0 and the fee_details is an empty array

#

do you think it's on the actual charge instead ? or where would the separate balance transaction be that you are referencing

#

i checked the balance transaction on the charge and the only fees listed is the 2.9% + 0.30

civic chasm Dec 5, 2024, 10:08 PM

#

What are all of the txn_ IDs you're seeing?

fickle siren Dec 5, 2024, 10:08 PM

#

txn_1QMI4WPYgzJtnuIC1qIUV8st

civic chasm Dec 5, 2024, 10:16 PM

#

Is that all? There should be more, like the one on the connected account associated with the payment there.

fickle siren Dec 5, 2024, 10:19 PM

#

there is this one that is linked on the source_transaciton

txn_3QMHxmBE0qXx3H5l1O8RkwOE

#

but that just returns the 2.9% + 0.30

civic chasm Dec 5, 2024, 10:24 PM

#

Have a look at the py_ object on the connected account, and the Balance Transaction assocaited with it.

fickle siren Dec 5, 2024, 10:28 PM

#

yeah, it just doesnt list that 1% fee. i guess it's just blended into the exchange rateg

civic chasm Dec 5, 2024, 10:30 PM

#

Internally I can see the fee, and it's associated with the py_ on the connected account, so I'm not sure why it's not surfaced to you on the associated Balance Transaction...

fickle siren Dec 5, 2024, 10:38 PM

#

strange

civic chasm Dec 5, 2024, 10:43 PM

#

Give me a few minutes to investigate further...

civic chasm Dec 5, 2024, 11:11 PM

#

Okay, I worked with a colleage who knows more about FX and fees than I do, and they confirmed the FX fee is baked in and isn't visible separately in the API, unfortunately.

woeful remnantBOT Dec 5, 2024, 11:16 PM

#

fickle siren Dec 5, 2024, 11:20 PM

#

Got it - thank you for your help!

#jakel_fx-transfer-fees