GiGStartr-net-amount | Stripe Developers | Page 1

hasty merlin Dec 16, 2021, 8:10 PM

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I think you are correct. Can you clarify what you mean by the net of transfers (amount + fees)?

neon forum Dec 16, 2021, 8:19 PM

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When I transfer funds to the connected account, I am charged a fee. The net amount taken from my platform balance would then be the amount transferred, and the fee - the "net" being the actual impact on the platform balance.

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in the parallel case of charges, I am also charged a fee - so that the "amount" is added to the platform balance, and the "fee" is charged from the platform balance, hence the net would be (amount - fees)

hasty merlin Dec 16, 2021, 8:21 PM

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Do you have an example of a transfer you are seeing this fee on?

neon forum Dec 16, 2021, 8:22 PM

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nope, developing code to do such work, and anticipating.

hasty merlin Dec 16, 2021, 8:22 PM

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Your platform will net the charge amount - stripe+fee - what_you_transfer_to_others

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If you haven't seen this from our docs, this is a helpful diagram

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There shouldn't be fees on the transfer from your platform to your connected accounts from what I understand of your situation

neon forum Dec 16, 2021, 8:24 PM

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yes, but because I need to work with transfer_groups, I need to calculate this. I know there are charges associated with connect accounts.

hasty merlin Dec 16, 2021, 8:27 PM

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So they will both be amount - fees

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But on the transfer there will not be a fee

neon forum Dec 16, 2021, 8:29 PM

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from this page: https://stripe.com/connect/pricing there's a mention "0.25% + 25¢ per payout sent" - that's not a transfer fee?

Pricing information | Stripe Connect

Find Stripe Connect pricing information for your business model. Connect pricing is usage-based and flexible based on the capabilities you need.

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(I note the inconsistent use of the word "payout")

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is this "0.25% + 25¢ per payout sent" charged to the platform or connected account?

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(using express)

hasty merlin Dec 16, 2021, 8:31 PM

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Ah yes so those are different things. The transfer from your flow is transferring money from your stripe balance to their stripe balance

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Payouts are when we send money from Stripe Balance to an external bank account

neon forum Dec 16, 2021, 8:32 PM

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which will obviously occur in the connected account, since they want to actually receive their funds

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so who (if anyone) is charged when the connect account does a payout?

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(Design goal, btw, is this service costs the connected accounts nothing - the platform covers the costs out of the fee we add to the ticket price)

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(another reason I have to know the details to design the correct platform fee)

hasty merlin Dec 16, 2021, 8:37 PM

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Gotcha. I think the fee is taken out of each payout but let me double check

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So if you were that diagram, you want to make sure the driver gets $20 after the payout, even if there is a fee

neon forum Dec 16, 2021, 8:39 PM

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yep.

hasty merlin Dec 16, 2021, 8:39 PM

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Thank you for clarifying. Checking in to this...

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So this depends on your setup and who you are paying out to a bit https://stripe.com/docs/payouts#supported-accounts-and-settlement-currencies

Receiving payouts

Set up your bank account to receive payouts.

neon forum Dec 16, 2021, 8:45 PM

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In this case, international is a LONG way off, so not a "today" problem.

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US-centric

hasty merlin Dec 16, 2021, 8:45 PM

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From my read of that doc, yes. I would still reach out to our support to confirm https://support.stripe.com/?contact=true

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.

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This server is more for how to code these things, support can better speak to your business case

neon forum Dec 16, 2021, 8:47 PM

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well, as I started with asking what exactly is in the balance_transactions, that kinda is coding, n'est-ce pas?

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thx anyway.

#GiGStartr-net-amount