#Mike777-Stripe-PLaid

1 messages · Page 1 of 1 (latest)

molten fiber
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Did they mention how they are doing this (or want to do this)?

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I am not familiar with what settings are available on Plaid's side. I don't think there is a Stripe setting to do this though of course if they are writing to us they can set the amounts to whatever rounded amount they want within our limits https://plaid.com/docs/auth/partnerships/stripe/

hard oak
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How they are doing this?: They seem to think that there is some magical process on either Plaid or Stripe that does all the logic of scraping a user's transactions and then rounding up to the nearest dollar. Literally they think the entire thing happens somewhere in the Stripe/Plaid world and that they don't need to implement any of this business logic on our end at all (they are not technical ppl btw).

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If I understand the link you posted, that is a way for me to transfer money between two bank accounts where I don't own either bank account correct? Like if I wanted to facilitate transferring money between two of my users or something like that right?

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But if I wanted to transfer money from a bank account I own (let's say the bank account that all of my stripe charges are going into) to another bank that I don't own, I can just use plain ol Stripe API's for that correct?

molten fiber
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Ah I see. So yeah, Stripe does not have a setting for that kind of rounding. Not too familiar with Plaid so I can't confirm or deny that.

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Where are you seeing that that is for transferring between accounts that you do not own? That is for taking payments from a bank account to your stripe account

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Similarly, Stripe's API allows you to take payments from bank accounts but wouldn't be for sending money from your account to another like that. If you are using Connect you can transfer money to the Stripe accounts you are connected to but there isn't an API call to directly move money from your bank account to another arbitrary bank account

hard oak
hard oak