#HarryYomo-connect-fund-flows

1 messages · Page 1 of 1 (latest)

tardy trench
#

you should read about that and contact Stripe support with a detailed description of your needs and concerns if this doesn't provide what you're looking for.
https://support.stripe.com/contact

Stripe: Help & Support

Find help and support for Stripe. Our support center provides answers on all types of situations, including account information, charges and refunds, and subscriptions information. Get your questions answered and find international support for Stripe.

tardy trench
#

Are you all set here?

lethal schooner
#

Hi
I just read your message

#

I was looking the thread

#

I already read that, it works fine
But my question is more about the interpretation of what is written in Stripe

old sand
#

Hello! I'd be happy to help further, just let me know what specific questions you have!

lethal schooner
#

Because , on the payment details, it is not clear how the money transferred

old sand
#

For which type of charge?

#

Direct? Destination?

lethal schooner
#

Destination

#

Our understanding is like :
The client pays Stripe
Stripe keeps the money without its fees
Stripe the transfert the money to the connected account

#

And the part that is not clear is : are the application fees transfert to the connected account and then to my account
Or vice Versa

#

For accountability, the transfert should be at the same second meaning : The application fees should automatically collected , and at the same second the connected account should receive his money

old sand
lethal schooner
#

Yes, we read that
But does it mean that the connected receive all the money and after transfert the application ?
I’m asking because on the transfert details , I see for every payment 3 lines generated

old sand
#

Not sure I understand what you're asking. There are two different funds flows depending on if you're using application_fee_amount or if you're using transfer_data.amount. Which flow are you referring to?

lethal schooner
#

one sec, I will share some screens

#

sorry, i was switching device

#

here is my setup

return stripe.checkout.Session.create(
    payment_method_types=['card'],
    line_items=line_items,
    subscription_data={
      'application_fee_percent': 79.36,
      'transfer_data': {
        'destination': account_id,
      },
    },
    mode='subscription',
    allow_promotion_codes=True,
#

on the plateform, I see this.

Capture_decran_2021-11-15_a_18.46.46.png
old sand
#

Okay, so you're using application_fee_percent, which means the funds flow looks like this:

application_fee_amount.png
#

That's not what you want, right?

lethal schooner
#

but in "payment/all transaction, I can see that 3 lines were created

Capture_decran_2021-11-15_a_18.47.54.png
#

yes, it's the flow I wanted, but our lawyer and accountant dont understand , looking at stripe, if the money goes like in the schema or if it's not transferred (bank to bank)

#

looking at my last screenshot, which is what the accountant will receive, there are 3 lines

old sand
#

Everything in the flow I posted above happens inside Stripe.

lethal schooner
#

okay, so it's safe to say that all the money transfert is something internally in Stripe
meaning neither the platform or the connected account receives the funds and then transfer

#

?

#

what creates the discussion is the last scrennshot I sent, because it's what the accountant receives
we can see 3 lines
so for the account, it means that the money was transferred 3 times

old sand
#

The money movement you're referring to all happens inside Stripe between the platform and connected accounts.

#

Once all of that settles the funds will eventually go from pending to available in the Stripe account balances and can then be paid out to an external bank account.

lethal schooner
#

clear

#

others questions (sorry to bother, its because we are in the insurance sector and there are some regulations )

#
  • is a Stripe account considered as a wallet ( like a revolut account ?)
old sand
lethal schooner
#
  • what happens if the balance is négative ? for example, if we refunds the 1st customer, then the balance will be -0.71€ ( stripe fees ). Where do stripe will collect the fees ?
old sand
lethal schooner
#

thanks for your help
it looks like i just need to understand if money mouvement between the platform and the connected account is considered same as a money mouvement between 2 banks account