#willonay_webhooks

1 messages ¡ Page 1 of 1 (latest)

tiny etherBOT
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wet arch
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I have no idea which event ID or webhooks might be used for this. I'm new to developing the Stripe system through any custom code, webhook, etc., and I'm learning what's possible.

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If there is already a thread that exists about this topic, or anywhere you can refer me to further educate myself on the process, I'd apprecaite it.

mild hornet
wet arch
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I want one bank account to be paid out to on the frontend. On the backend, I'd like to create some sort of rule where after $500 in profit for a given time period (one month), all further profits paid out on the frontend are, on the backend, automatically setup to transfer to another bank account.

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OR, is it possible to setup through the website one stripe account to accept the first $500 in profit, and then a second account kicks in to accept any remaining profit?

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on the site I'm working on, two artists are being paid for their work. we'd like the first artist to receive the first $500 in profit, and then the second artist to receive any remaining profit.

mild hornet
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I do not not understand what 'Automatically setup to transfer to another bank account.' means. You can only add one bank account for a payout.

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Ahh!

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I see what you mean

wet arch
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we don't know what the remaining profit will be, so we can't predict an "automatic" transfer as it were

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ok cool! lol, I'm trying to simplify explaining it

mild hornet
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To summarize, you have two Stripe connected accounts. You're looking to send the first $500 to the first connected account. Then, the reamining to the other connected account. Is that correct?

wet arch
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yes

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I've only got access to one stripe account from them at this time, but if they need two separate accounts to make this happen then I'll make sure a second one is setup

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I'm working to find a solution to their payment processing request, and Stripe seems like it might be able to do what they want, so I'm trying to figure out how to setup what they're asking for

mild hornet
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Ok, now I'm lost again

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Can you share your entire business use case with me?

wet arch
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they have one registered Stripe account as of today, under their business name. but what they'd like is for any profits made on their website to split: the first $500 goes to artist A, and all remaining profits go to artist B. nothing is currently setup for this, I'm being contracted to find a solution. I don't know of a payment processor that allows for taking in a set profit threshold to one account, and then switching to another account for any remaining profit. and since we can't predict profits for the month, they don't want to do automatic payments from one account to another at the end of the month with the remaining profit (that would leave artist B waiting on artist A to make the transfer, and artist A doesn't want to be responsible for doing that on time, and artist B doesn't want to wait a whole month to start seeing any profit).

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so what I'd like to find a solution for, is that all profits made through the site are dispersed: first into Account A until $500 is paid out, at which point payments will then be sent to Account B until end of the month when they'll do it all over again.

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otherwise, the only way I know how this should work, is all profits go into Account A and then at the end of the month someone transfers the remaining profits to Account B.

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after $500 is reached in the month (be that on day 1 or day 31), the rest of the profits - whether that's $50 or $5,000 - go to Account B.

mild hornet
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What is the merchant of record in this case? Is account A or B selling to the customers?

tiny etherBOT
wet arch
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Account A is selling to the customers, but only taking a certain amount of the profits per month. The rest go to Account B

mild hornet
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Wher you create the charges on Account B, which will be your Platform Account. Then, you can create charges on the Platform account and transfer what amount you wish to Account A

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Are you able to review the above and let me know what specific questions you may have?

woven current
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Hi hi! Sorry for jumping in, but you're talking about having two of your own bank accounts attached to Stripe, and putthing the 'first $x' into the first one, and 'the rest $Y' into the second one, ya?

wet arch
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I'm looking at it all right now, one moment

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yes, essentially

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not my own bank accounts. bank accounts for the artists that are featured on the site I'm building. but essentially that's the concept.

woven current
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Oh, this is definitely Connect.

wet arch
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I'm reading up on it now.

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sounds like it's the solution I'm looking for, I think

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this is actually perfect because one artist is in france and the other is in the UK

woven current
wet arch
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reading up now. what might be a problem: we need the payouts through connect to not be percentage by sale. so Account A receives ALL of the initial $500 in profit, and THEN it connects to Account B. from what I'm seeing so far, it looks like it's use is for splitting payments on a sale-by-sale basis.

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is that correct?

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I can see the flow for paying out to the different artists on a per sale level. but I'd like it to work with profits from all shop sales up to a certain profit threshold.