#tirth-jain_docs
toxic riverBOT
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- tirth-jain_docs, 13 minutes ago, 25 messages
- tirth-jain_api, 1 day ago, 8 messages
inland lintel
👋 Hi there! Let me take a look
Do you have a request ID of the transfer where you get insufficient balance?
But in general, you need to have enough INR funds in your Stripe account if you want to send a transfer using that currency
sonic nebula
Do you have a request ID of the transfer where you get insufficient balance?
- Not yet, I have to init a flow again
But in general, you need to have enough INR funds in your Stripe account if you want to send a transfer using that currency
- But I have a platform which is in US region and I have to use transfer API and pay cross border.
When i ask to the docs using LLm, i dont remeber when, but it says me some feature sandbox dont have but live it's work so i am confused
inland lintel
Not yet, I have to init a flow again
You can share your account ID, and I can look up previous transfer attempts from there, if you can't find a request ID in your Dashboard
toxic riverBOT
opaque whale
👋 Hey, taking over here, just taking a look
Can I just clarify the problem you're encountering - you mention the receiver is receiving the funds from your usd transfer in inr - is this the desired outcome?
sonic nebula
is this the desired outcome - No, actually I want to transfer the fund based on the receiver currency "Not based on the platform currency".
opaque whale
The receiver currency being INR, right? If you want to initiate a transfer specifically in INR, you will need to have an INR account balance
sonic nebula
INR account balance - it is mandatory ? I Belive stripe will auto convert the currency from "**usd **" to "inr" and then transfer to receiver in "inr".
opaque whale
It's not mandatory, you can transfer from your USD balance, and it will be converted to INR on the receiver end, as you observed
As it's a US platform, you can't have INR balance, so how you're doing it is the correct way
sonic nebula
Means i can only transfer the usd ?
As it's a US platform, you can't have INR balance, so how you're doing it is the correct way
- I have to my creator in there currency ? is there any way stripe auto convert my currency at the platform side and tranfer to receiver
opaque whale
It will be converted in transit, so will be received in the receiver's currency
You might find this API useful though: https://docs.stripe.com/connect/currencies/fx-quotes-api#fx-quote-for-the-transfer
This will give you certainty over the FX rate being used
sonic nebula
Sorry, I didn't understand this docs properly, can it possible you can help me out with basic example
According to this it says you can transfer? please check the example
Example: Transfer funds from a USD platform to a EUR connected account
frozen zodiac
That is not a like-for-like example as, like previously stated, US accounts can accumulate a EUR balance. US accounts cannot accumulate a INR balance – it's not supported today
When you create a Transfer, the currency must be a valid account settlement currency, which INR is not. There is no way around this, you'll need to continue to create the Transfers with currency: 'usd'
What exactly is the concern with the the transfer amount being converted into INR on the connected account?
toxic riverBOT
sonic nebula
AUD
NZD
EUR
CAD
GBP
USD
I have this above currency, will this work while transferring, INR is just for the example
Transfers with currency: 'aud' || 'eur' from the us region platform
stuck grove
Hey there, just stepping in for my colleague who had to step away
Yes, other considerations aside, if you have an acumulated balance in another currency, you should be able to create transfers in that currency
(Other considerations like the transfer recipient account being enabled for transfers, cross-region limitations etc)
If the receiving account cannot accrue a balance in the same currency, the transfer could be converted into the accounts default currency
sonic nebula
What exactly is the concern with the the transfer amount being converted into INR on the connected account?
Actually my concern is I don't have to transfer in USD every time
(I have to transfer based on the recipient currency)
Example
Connected Account 1 - NZD currency
While transfer to Connected Account 1, I will put the currency NZD not USD
Yes, other considerations aside, if you have an acumulated balance in another currency, you should be able to create transfers in that currency
- This means i have to add the balance for respected currency into the us region platform to enable the transfer with that currency otherwise usd ? correct me if i am wrong
stuck grove
Let's take a step back: what is your end goal here? What are you trying to do?
If you're just trying to transfer funds to some other accounts that use various currencies, then you would generally just send the amount in your platform currency (eg, USD) and it will be auto converted to the payout account for that connected account.
Again, assuming you are able to transfer to the account at all
You do not need to manage each currency for those receiving accounts
sonic nebula
If you're just trying to transfer funds to some other accounts that use various currencies, then you would generally just send the amount in your platform currency (eg, USD) and it will be auto converted to the payout account for that connected account.
- it's working, and functional
Example
Current Platform Status
Balance : 500 $
Region : US
(Note: I don't have the other AUD balance here )
what is your end goal here? What are you trying to do?
- I’m the platform owner and agreed to pay a connected user 50 AUD. When creating the transfer, I want to specify AUD (not USD). Since I’m not handling currency conversion, what USD amount should I enter?