#dhaari-connect
lapis gulch
I would like to know the best practices for setting up the application fee
that's a business decision, but you'd want to set the fee to a level that lets you make the profit you're looking for. If you're using Destination then you should make sure it's at least more than the Stripe processing fee(our pricing is on our site and you can test it in test mode so you can calibrate your logic for picking the fee to use).
how to retrieve the fee break up details (application fee, stripe processing fee) and the net amount returned after stripe processing. I mean the net amount transferred to the stripe connected account and the plat form account
I'd start by testing in test mode and then looking at https://stripe.com/docs/expand/use-cases#stripe-fee-for-payment, the details of fees(both Stripe and yours) are in thefee_detailsof the BalanceTransaction object.
Do we need to store the balance transaction ID in DB. we already store charge ID in DB.
it's up to you, you don't really have to.
How long does it take to get the balances reflected in stripe platform account?
immediately.
stripe processing fee will be deducted from application fee.
depends if you're doing Destination charges(sounds like you are), but basically yes. That's what e.g the diagram at https://stripe.com/docs/connect/destination-charges#flow-of-funds-app-fee describes.
civic cradle
thank you. Will take a look at it . Im not getting the balance reflected in platform account for test mode in test transactions
Is there any specific reason?
lapis gulch
hard to say. What exactly are you looking at?
you should use https://stripe.com/docs/api/balance/balance_retrieve for example, your pending balance increases by the amount of the payment generally
civic cradle
i tried 3 transactions in test mode.. im seeing that in connect account..
it is getting reflected in connect account after deducting application fee...
but not seeing that in platform account..
lapis gulch
really hard to help without specific details of what you're looking at like screenshots and/or IDs of the payments involved or some code you're using.