#holt_api
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fickle karma
hello! I'll suggest starting from this page : https://docs.stripe.com/connect/design-an-integration, and also looking at the pricing here since you mentioned it's a concern : https://stripe.com/connect/pricing
chrome canopy
hello! I'll suggest starting from this page : https://docs.stripe.com/connect/de...
What would be ideal for me?
This would be per IBAN?
fickle karma
https://docs.stripe.com/connect/design-an-integration - this guide that I shared, walks you through step by step for what would be the ideal integration for you, and also explains each option in detail. The best way to determine what would be ideal for you, is to go through that page. I'm happy to answer any additional questions you have after going through that page
Also, I'm sorry but we mainly help with developers who want to integrate directly with the Stripe API here on this channel and can't really help much with pricing related questions here. If you want to know more about pricing questions, you'll need to reach out to Stripe Support - https://support.stripe.com/contact, they'll be able to advise you on that!
chrome canopy
After reading, I'm guessing v2 api with destination addresses correct?
would suite my system the best
Also, would i always have to have them go through the stripe page? or can i just have an IBAN they can send to which i retreive via API
Ah, i see custom lets you do this.
that's very handy
fickle karma
what do you mean by destination addresses?
chrome canopy
destination charges*
Rent payment -> Our account -> 95% to the homeowner
I'm just confused on the way pricing works, am i paying per transaction a fee or also monthly to keep the account open for them to send to or something
fickle karma
Destination charges sound about right if your business model follows what is described for it i.e.
Customers transact with your platform for products or services provided by your connected accounts.
Which essentially means that your business shows on Customers bank / card statement when they make payment
I'm just confused on the way pricing works, am i paying per transaction a fee or also monthly to keep the account open for them to send to or something
you're going to need to talk to Support about pricing like I mentioned earlier
chrome canopy
okay no worries thank you
with destination charges, do i have to provide the destination bank account or whatever straight away?
fickle karma
Destination charges is talking about taking payment from the customer i.e. the person paying the rent
If you're talking about the bank account for the home owner, where they would receive the rental payment in, it depends. If you use the Stripe onboarding form to create the homeowners connected accounts, it typically requests for the bank account as part of the onboarding process.
chrome canopy
So i can't just send the payment directly to an IBAN?
Woule i be able to let them connect their bank account to the system all through my UI?
fickle karma
So i can't just send the payment directly to an IBAN?
No, that's not how it works. Payment from Customer -> your (a.k.a platform) Stripe balance -> homeowner (a.k.a connected account) Stripe balance -> homeowner bank account
chrome canopy
so each homeowner needs a stripe account?
fickle karma
Woule i be able to let them connect their bank account to the system all through my UI?
Yes, that's possible, you can build your own UI for this
so each homeowner needs a stripe account?
yep
fickle karma
I don't know, I can't comment on this
chrome canopy
no problem
is there any way to send the payments to homeowners
without them needing a stripe account?
fickle karma
is there any way to send the payments to homeowners without them needing a stripe account?
Nope
chrome canopy
so you can't send money from stripe
to a bank account
when you recieve a payment?
fickle karma
Money from Stripe does go to a bank account, it just goes through a series of other steps in between
This was the example I gave :
Payment from Customer -> your (a.k.a platform) Stripe balance -> homeowner (a.k.a connected account) Stripe balance -> homeowner bank account
chrome canopy
So would i have to make it all go to my personal account
and then send to them myself
to avoid them needing a stripe account?
Am i able to make the accounts for them? The connected ones
via API
Like maybe have a payments center on my UI, pass on the info via API and use that?
fickle karma
Am i able to make the accounts for them? The connected ones
via API
Like maybe have a payments center on my UI, pass on the info via API and use that?
Yes, that's possible. It's one of the options mentioned in the first choice you make when going through the integration guide
chrome canopy
oh that's really easy then no?
and useful as fuck
that's great dude
appreciate you
fickle karma
oh that's really easy then no?
I can't really say if that's easy on your behalf. Generally API based onboarding is considered high effort though cause you need to collect and handle all verification requirements. I'll recommend testing things out and see how it goes.
chrome canopy
> oh that's really easy then no?
I can't really say if that's easy on your beha...
scared money don't make money
appreciate the help though
🙏
fickle karma
you're welcome!
fickle karma
You can update those at anytime, but it's usually better to request for what you need upfront since it's possible that requesting for new capabilities might trigger additional verification requirements
chrome canopy
verification like KYC?
fickle karma
yep