#wiser_connect-applicationfee

1 messages · Page 1 of 1 (latest)

midnight kayakBOT
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quick kettle
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wiser_connect-applicationfee

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👋 I want to help but need more details. The request id you shared seems unrelated to your ask and is about a Dashboard UI update for a connected account.

You're talking about a "fee" but I'm not sure what fee this means. Do you mean that you for example take 10% of the charge amount for each transaction? If so that's called an ApplicationFee and how to configure it depends on your flow of funds.

analog haven
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Yeah I am asking for the ApplicationFee

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Here is the scenerio , When Service Provider Withdraw the funds from platform suppose User request the $20 we have our commissioner fee of 5% of each transaction so how can I do the process ?

quick kettle
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I'm sorry I'm struggling to understand what this means "withdraw the funds"

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Are you the developer writing the code? If so, can I ask you to map this ask to exact APIs involved instead?

analog haven
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Yeah sure ask for it. I am here the dev

quick kettle
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Perfect. So can you map this to a real API method you call on Stripe instead?

Everyone has its own vocabulary to mean different things so it's hard to piece this together. Usually a Connect platform takes a share of each individual payment so you create say a PaymentIntent for $10 and you say "give me an ApplicationFee for $1" by passing application_fee_amount: 100 for example

analog haven
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Sounds good

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So in which API should I call this paramerter application_fee_amount as I didn't find such prm in reference doc ?

quick kettle
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Okay so this is the Create Transfer API right? So you are a Connect platform that collects all the funds in your own Stripe account and later transfer funds to the connected account's balance using the Separate Charges and Transfers flow of funds discussed in https://stripe.com/docs/connect/charges-transfers is that correct?

Sorry for all the questions, trying to show you the crucial bits of information we need from you upfront to help you near instantly.

analog haven
quick kettle
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Gotcha, so in that case there isn't a "fee" concept. You charged John $100 and Barry $20 on behalf of the business "InvoiceFreelance". You have $120 in your balance (minus Stripe's fees).
Now when "InvoiceFreelance" wants its funds, you would be the one tracking how much they made, and what part is your own fee and then only transfer the remainder. Say your fee is 10% and you cover Stripe fees yourself, they had $120 in sales and you will keep $12 for yourself so when you create the Transfer it would be for $120-$12 -> $108

analog haven
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Can you map the flow of API for me for the easy reference ? like the procedure ? what API should I use or any reference doc step by step ?

quick kettle
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Not really, the whole calculation is fully on your end in your own code completely separate from any API.

You're already using PaymentIntent to charge end customers right? You already have funds in your own account's balance.

The cocnept of "how much do I transfer" or "how much does that connected account have available" is fully in your code

analog haven
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Ah, Got it , I thought there is some API for it