#john_api

1 messages · Page 1 of 1 (latest)

kind waspBOT
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robust raven
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hey there 👋 can you share a little context on what you're trying to achieve

for example, are you trying to control which banking rails are used to send payouts, or something else?

tame axle
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hey,
we have certain Express Connect accounts locally in the US and we are exploring wire transfer option for payouts.
we create charge using PaymentIntent API.
I am looking for specific information about how to wire transfer the payout.

robust raven
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hmm, I don't think this is something you can control

why do you want to explore wire transfers specifically?

do you mean for connected accounts outside the US?

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depending on your payment flow and the exact setup you're trying to achieve, this may be what you need:
https://docs.stripe.com/connect/cross-border-payouts

it's not strictly wire transfers but it does allow US-based platforms to send payouts to non-US connected accounts

tame axle
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@robust raven
this is for Express accounts within US, not outside.
I understand wire transfer along with ACH is a valid option for Payouts to these Express Connect account

this is just for Payouts

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is that correct understanding?

robust raven
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ok, thanks for confirming! yes, Stripe sends payouts via the ACH network in the US

but as a platform, you do not need to interact directly with the banking rails (ACH, SWIFT, etc) - you just need to configure the payout schedule (automatic, manual, etc), and then Stripe handles the rest

https://docs.stripe.com/connect/payouts-connected-accounts

tame axle
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https://docs.stripe.com/global-payouts/pricing

thanks @robust raven.
I need information specific to wire transfer as a payout option.
I am aware of ACH as an option but for wire, I am not completely sure about what we should do as a platform to enable wire transfer as a valid payout option

Pricing

Learn about fees associated with Global Payouts.

robust raven
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ah thank you for sharing the link, I see what you mean now

kind waspBOT
tame axle
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seems like this requires enabling Global Payouts, right?
Is wire transfer an option for regular payouts?

vital saddle
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hi there, I'm taking over for Glo as they had to step away. give me a few minutes to catch up

tame axle
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hi @vital saddle
my question is about having wire transfer as an option for regular payouts for Express Connect accounts withing USA