#doug_connect-accounts-banks
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neon hornet
I guess this is more of a general product question
left stone
Hi 👋
No, Stripe does not allow that kind of configuration per account. You could achieve something like it using Stripe Connect though
neon hornet
how would that be setup? what does stripe connect do?
when I say how would that be setup, I mean, what does the flow of that look like?
left stone
Stripe connect lets you create and manage additional Stripe accounts that are linked to your account. These linked accounts are called Connected Accounts.
Each Connected Account has it's own external account (bank).
You can transfer funds between accounts
neon hornet
Could you have it setup, so Money goes into one stripe account, and the transaction charges from those transactions are taken from another stripe account?
left stone
What do you mean "transaction charges"? Stripe fees are collected from payments coming in
neon hornet
e.g.
Account 1: transaction inbound and accounts 1 receives £50
Account 2: transaction fee taken from above is applied to account 2's balance
left stone
No, that isn't how this would work. The fees would be collected before the funds were received into Account 1's stripe balance
You can adjust this depending on how you structure your connect funds flow though
Stripe Connect is a BIG topic so I really recommend you thoroughly review it
neon hornet
So could I adjust the connect funds flow to achieve the desired flow?
left stone
Start with the different approaches to creating charges
Direct: https://docs.stripe.com/connect/direct-charges?platform=web&ui=stripe-hosted#flow-of-funds-with-fees
Destination: https://docs.stripe.com/connect/destination-charges?platform=web&ui=stripe-hosted#flow-of-funds-app-fee
or
Separate Charge & Transfer: https://docs.stripe.com/connect/separate-charges-and-transfers?platform=web&ui=stripe-hosted#collect-fees
These will give you an idea of this approach could work for your business case
neon hornet
Okay brill thank you
left stone
Happy to shed what 💡 I can 🙂
neon hornet
What's your thoughts with my use case, do you think there'd be a plausible solution? I basically want one account that keeps all money, and then any transaction charges would be taken from a second account
left stone
I think we do not perform that kind of business use case review here. I just don't know enough about the details of your integration. Given that this is a big decision and will impact many aspects of your business, I recommend you spend some significant time reviewing the Stripe Connect docs
If it were me, I would create a Stripe account (if you don't have one already) and try writing the code to do a basic version of what I wanted to achieve so I could run end-to-end simulations in Test mode.
neon hornet
okay brill thank you