#bwurtz999_api
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- bwurtz999_api, 20 hours ago, 17 messages
viscid cipher
hello! i think i might need more context on your question. what do you mean by an invoice going to a specific bank account?
normally payments just go into the account balance of whatever account is collecting funds, and then payouts are generated that take money from that account balance
https://docs.stripe.com/payouts
glossy bobcat
I see in the Dashboard that I can add multiple bank accounts
I'm trying to direct payments to specific bank accounts within the same Stripe account
I just realized Stripe only allows one bank account per currency type in the Dashboard
viscid cipher
yep, typically the bank account associated with a given currency's balance will be used for that currency's payouts
glossy bobcat
Can I add a bank account through the API?
viscid cipher
just to take a step back and get more context on your use case, are you a stripe merchant accepting payments on your own behalf? or are you acccepting payments on behalf of other merchants / users and transferring money to them?
glossy bobcat
On behalf of connected accounts
We collect an application fee on the invoices. And the remaining funds go directly to the connected account
The context is that I have a restaurant with multiple branches. Each branch operates independently of the other branches (i.e.: separate bank accounts)
viscid cipher
what type of connected account are you creating? do they have any kind of dashboard access?
viscid cipher
ok, then usually the connected account user would log into their dashboard and manage all of this themselves
glossy bobcat
Right but the Dashboard is only allowing one bank account in USD
So if I can't add multiple bank accounts I don't think this will work
So does the API allow me to add additional USD bank accounts? And then could I direct a certain payout amount to those different bank accounts?
viscid cipher
mmmm if each branch requires its own bank acount would you not just want to represent each one as a separate connected account?
glossy bobcat
Because one person manages the finances for all of them
viscid cipher
hmmm
glossy bobcat
Can I set it up in a way where one person can manage multiple connected accounts?
But from one account?
I don't think I'm explaining that well
viscid cipher
no i understand what you're getting at
glossy bobcat
Some of these restaurants have 50+ branches. I'm trying to avoid 50 Stripe onboardings
In one of my Stripe accounts, I have the option to create an organization
viscid cipher
this is moving a little bit past my area of expertise though - at this point since we're talking about best practices for account management i would probably recommend checking with our support team. i think legal entity sharing will help a bit with this
https://support.stripe.com/questions/legal-entity-sharing