loeffel-transfers-fee | Stripe Developers | Page 1

tender wing Nov 9, 2021, 5:06 PM

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@eager bramble there's no fee for creating a Transfer. It just moves money between your platform account's balance and the connected account's balance

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There's a fee on Payouts when the money goes to their bank account

eager bramble Nov 9, 2021, 5:07 PM

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tender wing There's a fee on Payouts when the money goes to their bank account

there is a fee on my side or their side (connected express account)?

tender wing Nov 9, 2021, 5:08 PM

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The platform pays all those fees: https://stripe.com/connect/pricing

eager bramble Nov 9, 2021, 5:11 PM

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okay great, thanks! so i need to check the balance transaction of the transfer to notice my platform fees? all of the values from balance transaction are negative (e.g. -500). will the fees also be negative?

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i am wonder why here are no fees mentioned for the transfers

Bildschirmfoto_2021-11-09_um_18.11.31.png

tender wing Nov 9, 2021, 5:11 PM

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I'm sorry you're mixing up all the words right now which makes it hard to help

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When you transfer funds, there's no application fee

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What is your exact flow of funds?

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Separate charge and transfers?

eager bramble Nov 9, 2021, 5:13 PM

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okay sorry

eager bramble Nov 9, 2021, 5:13 PM

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tender wing Separate charge and transfers?

yes!

tender wing Nov 9, 2021, 5:13 PM

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all good, it's tricky because there's a vocabulary to Stripe and our product but it's also common words 😅

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Okay so you create a $100 charge on the platform and you (the platform) pay the $3.20 fee as shown in the picture

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that nets you $96.8 total

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then you transfer $20 to the connected Express account. That gives them exactly $20 (no fee at all)

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that nets you $76.8 total

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Monthly, we will charge a fee to your platform for the activity on all your connected accounts, both a fee per account, and then a fee for all payout volume

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that happens monthly on your platform and yes that one is taken as a BalanceTransaction to represent the money movement where we take say $5.37 total for the activity on your connected account(s) and the BT would be amount: -537for example

eager bramble Nov 9, 2021, 5:19 PM

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Okay amazing!

I just tried to understand why there is a transfer.balance_transaction.fee field at the transfer.created event

so as far as i understand there will be one day an event which fills the transfer.balance_transaction.fee field?

tender wing Nov 9, 2021, 5:20 PM

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Okay so all APIs that move money are linked to a BalanceTransaction. That's the common API Resource that represents money moving into or out of your balance: https://stripe.com/docs/api/balance/balance_transaction
That API Resource has a fee and fee_details properties always but they are set to 0/null if there's no fee that's all

eager bramble Nov 9, 2021, 5:23 PM

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yeah make sense. i already know that, i am just wonder how i will get the fee amount for that monthly payment you mentioned above

tender wing Nov 9, 2021, 5:24 PM

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ah yeah there's no direct way. Like it's not on a Transfer, it wouldn't make any sense, you could have millions of transfers this month

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just once a month a BT (with no other link and no event unfortunately) will be created to debit your account for the fee

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usually you use Dashboard reporting to access the fee details and info

eager bramble Nov 9, 2021, 5:24 PM

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AHHH

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okay now everything make sense 😹

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so i don't need to check the transfer.balance_transaction.fee field at any point, right?

tender wing Nov 9, 2021, 5:25 PM

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correct

eager bramble Nov 9, 2021, 5:25 PM

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great, thanks man! 🙂

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have a great day!

tender wing Nov 9, 2021, 5:26 PM

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You too 🙂

eager bramble Nov 9, 2021, 5:27 PM

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1 second, is there any status i can check? looks like there is nothing like open or paid information on the transfer object? because there is a transfer.created and transfer.paid event etc

tender wing Nov 9, 2021, 5:29 PM

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You can ask as many questions as you need!

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And a Transfer is synchronous, it either fails because you don't have enough balance in your Stripe account, or succeeds. It can't fail async later since it just moves money between 2 internal Stripe accounts

eager bramble Nov 9, 2021, 5:31 PM

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thanks! your stripe support is amazing!

makes sense; i just created a transfer but did not received any transfer.paid event while i received the transfer.created event

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and i am wonder how i would recognize that a transfer while from this object: https://stripe.com/docs/api/transfers/retrieve

tender wing Nov 9, 2021, 5:43 PM

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hum you're mixing things up

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there is no transfer.paid or transfer.failed. Those can never happen (they are incorrectly documented for bad reasons sadly and it's hard to fix 😅 )

eager bramble Nov 9, 2021, 5:44 PM

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tender wing there is **no** `transfer.paid` or `transfer.failed`. Those can never happen (th...

okay amazing

eager bramble Nov 9, 2021, 5:45 PM

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eager bramble and i am wonder how i would recognize that a transfer while from this object: ht...

yes, sorry! my fault!

it was a typo: and i am wonder how i would recognize that a transfer failed from this object: https://stripe.com/docs/api/transfers/retrieve

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but alright, so there is no transfer.failed and transfer.paid and only transfer fees that i can't retrieve per api (i need to check them in the dashboard later)

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thank you man! i hope i am good to go now

tender wing Nov 9, 2021, 5:47 PM

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we're here to help if you have more questions! I'll keep the thread open until my colleague comes online in 45 minutes. But even if we archive, you can always ask a new question in #dev-help

eager bramble Nov 9, 2021, 5:48 PM

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haha yeah thanks! you are great, have a nice day

tender wing Nov 9, 2021, 5:51 PM

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you too 🙂

#loeffel-transfers-fee