#birendra_api

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viscid pulsarBOT
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oblique meadow
vapid bison
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Thanks @oblique meadow

But it is only for the selected merchat categories.

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Is there any other way to acheive to hold the payment and transfer the money to connected user account (bank account) after some time like 1,2 or 3 months.

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I just want to hold the money after capturing the user's card and do not transfer the money to connected account's bank account till user's action or the task completed

oblique meadow
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By holding the payment, do you mean:

  • Option 1: You want to hold the payment on the card?
  • Option 2: You want to charge the customer first and then only transfer the funds to the connected account once the services are provided?
vapid bison
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option 2

oblique meadow
vapid bison
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Thanks, I read that.

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But the approach I want to hold it on platform.

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But I do not want the balance to withdraw to my master stripe business bank account, which is set to daily payout.

viscid pulsarBOT
timid compass
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then you can change the settings of your platform account to use manual payouts instead so it accumulates funds.

vapid bison
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ok

vapid bison
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one more question @timid compass @oblique meadow

image.png
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  1. till how much time we can hold this amount here on connected account balance?
  2. will it be there until we do not transfer this amount to user's bank account?
  3. can we withdraw this balance as well?
timid compass
vapid bison
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  1. 90 days on most of the countries & for US it is 2 years
  2. ok
  3. I mean we have transferred 1000 to the connected account, and due to some issue we do not need to payout him with that balance and deduct amount from the connected balance?
timid compass
vapid bison
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Thanks. and please confirm if that would be a better practice to hold amount there on connected account and pay to their bank account after 60 or 90 days?

timid compass
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not sure what's best. I think it's probably better since it's clearer where the funds currently are and what they're going to be used for, instead of all just all the money sitting in one large balance on your platform all intermingled

vapid bison
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Great, Thanks and we (the stripe admin) can not withdraw the amount to our main bank account associated with stripe. right?

timid compass
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depends what you mean by that again, but no that's not true, if you have the balance in a Stripe account, that account can make a Payout to pay it to their bank account

vapid bison
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That is true, but we have to set the payout to manual to keep the stripe balance. right? But in that case we do not need to keep the payout manual for main admin account

timid compass
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but we have to set the payout to manual to keep the stripe balance
yes
in that case we do not need to keep the payout manual for main admin account
in what case?

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if you mean "the case where the connected account holds the balance instead" then yes, the platform doesn't need to be on manual payouts(the connected accounts are instead).

vapid bison
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thanks

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And When I am trying to create the payout for that connected account, it returning error --

Code --

Payout::create([
'amount' => 500 * 100,
'currency' => 'aud',
], ['stripe_account' => 'acct_1Qd4dnPPHaKTOwl8'])

You have insufficient funds in your Stripe account for this transfer. Your card balance is too low. You can use the /v1/balance endpoint to view your Stripe balance (for more details, see stripe.com/docs/api#balance).

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event the balance is 1999

timid compass
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the first step would be to check the balance via the API as the error messages suggests

timid compass
vapid bison
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oh alright, let me see. Thanks

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So you mean if the amount is available to payout, then only case we can initiate the payout manually to that connected account. And it would be generally 2 days for australia and 7 days for other countries.

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and once there is available to payout, we can still hold the amount for manual payout