asadullah-bt | Stripe Developers | Page 1

hollow adder Nov 29, 2021, 1:51 PM

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@winged veldt I can try! What's the question?

winged veldt Nov 29, 2021, 2:09 PM

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I am implementing the "balance transaction" API. Previously you have suggested I read the document on "Balance Transaction types". There I can instantiate a class called "BalanceTransaction", which has properties called Amount, Fee, Net, each asked in %age. How can I utilize this "BalanceTransaction" object?

hollow adder Nov 29, 2021, 2:10 PM

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not sure what you mean

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it's one of our APIs, you can call it. https://stripe.com/docs/api/balance_transactions , not sure what you mean by "instantiating a class" exactly.

winged veldt Nov 29, 2021, 2:13 PM

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May I send screenshot?

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And please let me know whether you are a developer? I want to see the payout fee being deducted, which is 0.25% + 25 cents, being displayed in payments tab of stripe dashboard.

sharp fog Nov 29, 2021, 2:16 PM

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If screenshots will help us understand your question, then please feel free to provide them.

winged veldt Nov 29, 2021, 2:17 PM

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Alright @sharp fog , thank you.

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This is the balance transaction class. It has three properties, Amount, Fee & Net. It says that the values are to be kept in %age. How am I supposed to utilize this class? My scenario is a Connected Account, express type with destination charges using manual payout.

hollow adder Nov 29, 2021, 2:24 PM

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you wouldn't create a BalanceTransaction(you never call new BalanceTransaction)

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they exist in the API. You retrieve them. When something happens on an account that changes its balance, Stripe creates a BalanceTransaction object. You can then call the API(https://stripe.com/docs/api/balance_transactions/list) to retrieve and list them when building a report for yourself.

winged veldt Nov 29, 2021, 2:33 PM

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Alright. I have checked the APIs. It is showing me the amount, fee & net for the charge, which is the stripe processing fee. Can I do something so that I may be able to see the amount, fee & net values for the payout from the connected user to an external bank account?

hollow adder Nov 29, 2021, 2:34 PM

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as I mentioned it's charged monthly (there will be a separate BalanceTransaction for it)

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you can't test it in test mode unfortunately!

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the way it works is once a month we sum up all the fees for the payouts in that period and then there will be a BalanceTransaction created on your platform account for the total amount of the fee

winged veldt Nov 29, 2021, 2:39 PM

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So it is an automatic process, just like a stripe process fee deduction, right?

hollow adder Nov 29, 2021, 2:40 PM

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yes, we just deduct it automatically each month

winged veldt Nov 29, 2021, 2:42 PM

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So being a developer, I'll just have to manage the flow of funds and adjust the application fee amount only.

hollow adder Nov 29, 2021, 2:43 PM

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yes you should set it up so that the application fee you take on payments covers any profit you want to make, taking into account that you'll have these additional Stripe fees taken on a monthly basis overall

#asadullah-bt