#edward_transfer-currency
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- edward_connect-components-react-native, 4 days ago, 16 messages
scarlet osprey
fyi, this is how i create the Connected Account:
email: user.email || undefined,
country: dto.countryCode,
business_type: 'individual',
business_profile: {
product_description: 'Account for withdrawals',
},
individual: {
first_name: user.firstName || undefined,
last_name: user.lastName || undefined,
email: user.email || undefined,
},
settings: {
payouts: {
schedule: {
interval: 'manual',
},
},
},
capabilities: {
transfers: {
requested: true,
},
card_payments: {
requested: true,
},
},
controller: {
requirement_collection: 'application',
fees: {
payer: 'application',
},
losses: {
payments: 'application',
},
stripe_dashboard: {
type: 'none',
},
},
});```
viscid grotto
edward_transfer-currency
Can you share an example API request?
When you get an error there should be a req_123 id
scarlet osprey
hi, do you need the API request for the payout or the account creation?
viscid grotto
the Payout. I want to see the exact error and where it's raised
stray gobletBOT
scarlet osprey
give me 1 minute
viscid grotto
Okay I found it from the ba_123
scarlet osprey
ah okay
viscid grotto
Really if you have a connected account that has bank accounts in SGD and USD, it is impossible to "pay out" the SGD balance to the USD bank account. It has to go to the SGD bank account. It's a hard requirement
Only viable path would be to remove/delete that SGD bank account
scarlet osprey
hmm then what is the use of the "destination" field for the payout?
cause if i don't pass it then it automatically goes to the bank account matching the currency right?
and i don't see a way for my user to add more than 1 bank account for 1 currency in the embedded Account Management UI from Stripe
so the only thing preventing the transfer to go through is because Stripe is not allowing it? even though we are willing to accept the currency exchange fees?
cursive lynx
hello! fyi i am taking over the thread as koopajah has to step away
cursive lynx
and i don't see a way for my user to add more than 1 bank account for 1 currency...
there is a setting that controls this actually, "Collect multiple external accounts per currency". if you change that they should be able to add more than one per currency, so the destination field can be useful in that case
https://docs.stripe.com/connect/payouts-bank-accounts#collecting-external-accounts
scarlet osprey
ah that makes sense
thank you
so if the user doesn't have an external account for the selected currency, can i choose any other external account of other currencies? or does it have to be the default external account?
cursive lynx
i think you'd be able to choose, but i'm not completely sure so let me do some additional digging there
scarlet osprey
okay, i need to know because that would affect which destinations i show to my users when they create a payout
cursive lynx
ok, sorry for the delay, i was just testing some things out to confirm expected behavior here. the short version is that no, the currency will have already been converted to their default currency in this scenario. let's say i:
- create a connected account
- add a USD external account (their default currency) and a GBP external account
- create a transaction in EUR that transfers to the connected account
we automatically convert the currency to USD in this case since they do not have a compatible external account. so in your scenario, the currency would already have been converted by the time you go to initiate the payout.
cursive lynx
yep, of course!
scarlet osprey
ah, one more thing
how do i create a payout for all the money available in the user's Stripe balance?
normally if they create a payout in the same currency of the selected external account, then i already know the amount and can create the payout
but for the case where stripe automatically converts to the default currency, i don't know the amount to create a payout
do i need to query the balance from the user with some stripe API and then use that for the payout, or is there a flag in the payout API that i can use?
cursive lynx
specifying the amount is required (there is no "pay out all funds" option), and yes querying the balance before creating the payout would be one way to get the correct amount
scarlet osprey
okay, thank you
cursive lynx
alternatively you can listen for the balance.available webhook event via a connect webhook on your server to keep up to date on what balance each account has
scarlet osprey
that's great, thanks for the suggestion
cursive lynx
happy to help 🙂
scarlet osprey
hi again, for the stripe balance API, is the default balance the first one in the "available" array?
i don't see a field to mark if a balance is the default one or not
cursive lynx
the default currency is actually stored on the account, so it's something you would typically save in your database
https://docs.stripe.com/api/accounts/object#account_object-default_currency