#Defeater-cb

1 messages · Page 1 of 1 (latest)

slow bloom
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@flint cobalt hi! well all it means in practise is until the account has processed €50, if any customer happens to pay with a CB card, it will be processed over Visa/Mastercard instead, so there's not much impact, it doesn't mean you can't accept payments.

Just to clarify a bit, are you going to be using Connect? If so what kind of model? (Direct Charges or Destination?)

flint cobalt
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Yes we are using connect for custom accounts, with destination charges

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users are purchasing products to users (C2C model)

slow bloom
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(if not then it doesn't really matter since the connected accounts themselves are not involved in the payment processing part or need any onboarding to CB, the payments all happen through your platform so as soon as your business/marketplace in general has processed €50 you'd be set. (or if your platform is a French Stripe account then you're set from the very beginning!))

flint cobalt
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I need to do a bit further researches in order to answer correctly, let me come back to you soon

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Well I have to say that I'm a bit confused right now 😄
I am pretty sure that we are using transfer_data[destination] ; but I am now wondering which one would be the best for a marketplace ?

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So if we keep that way, you mean that as soon as 50€ are going to be processed on the app, we will be set ?

slow bloom
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but I am now wondering which one would be the best for a marketplace
that's a much wider question, I'd suggest reading https://stripe.com/docs/connect/charges#types for example, it's hard for me to advise without knowing exactly what type of business you're building and the funds flows you would use.

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but if you use Destination charges then all the payment processing happens on your platform yes, so as soon as your platform does 50 euro you'd be fully onboarded, you don't have to onboard each individual connected account/user since they don't process the payments or have any interaction with Visa/Mastercard/CB, they just receive transfers of money from you.

flint cobalt
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Well transfers of money from us, actually it's more transfers of money from some other connected accounts/users (buyer profile)

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but if that's what you meant then I understand that this way is the best since we don't have to onboard each individual connected account

slow bloom
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well you can't transfer money from one connected to another. Only from a platform account to a connected account

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unless you do something like have each connected account also have a corresponding "Customer" object on your platform with some saved payment details, and you charge that customer when making the Destination Charge to a different account; for example. I think that's usually how folks do this.

flint cobalt
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Actually yes it is the case

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And the object can be stored for only 7 days by stripe, after what it's gonna be deleted (so we allow purchasing up to 6 days in advance)

autumn sail
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Right, so then you need to separate the customer & seller concepts. They may be linked via a single user model for your platform, but from Stripe's perspective customers make payments and sellers (connected accounts) receive payouts.

flint cobalt
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Ok thank you so much for your help