#ny-payout
1 messages · Page 1 of 1 (latest)
yes, I am using charge api for that
Do you have an example? are you using direct charge or destination charge?
Accept payments and specify how these funds should be split between your platform and your connected account by creating charges.
But generally speaking, the money flows like this
customer card -> your platform balance --> your connected account balance -> your connected account's bank account
when the charge is performed, the money will appear in the balance and it won't immediately move to the connected account's actual bank account.
in Stripe's term moving from balance to bank account is called payout, from charge to payout, it might take a few days, this is called payout schedule
Set up your bank account to receive payouts.
depends on your account region, the waiting time varies
I have one customer in stripe and the other one is the custom account, Customer send money to the custom account but I Want to hold the money into the custom account, and then user want money and withdrawal than send money into actual bank account.
user want money and withdrawal than send money into actual bank account.
you mean your connected account want to withdraw the money they received?
You control the payout of your custom connected account; you can put your custom connected account into manual payout; upon your custom account's request, you do a manual payout by calling stripe API
you can take a look at this https://stripe.com/docs/payouts#manual-payouts
Set up your bank account to receive payouts.
I would also recommend you to read the https://stripe.com/docs/payouts and see how withdraw (in stripe's jargon payout) works in Stripe
Set up your bank account to receive payouts.
let me look into this
Stripe Customer -> Send Money To Connected Account (But Here, Default actual bank credited). I Want to hold the money into the connected account. If the user wants money then money sends from connected to the actual bank account.