#GiGStartr-connectedcharges

1 messages · Page 1 of 1 (latest)

small wasp
#

Hello @devout harbor! I'm guessing that you're referring to Connect Fee charges?

#

The fees are deducted from the platform’s Stripe balance around the first of each month for the entire previous month.

devout harbor
#

"around", but close enough 😀 And do they occur in test mode, on test mode Connect Accounts?

small wasp
#

hmmm, based off my own test account, i'm not seeing any fees in test mode

devout harbor
#

well, that's tricky to test, then.

Due to the nature of my marketplace, there's a lot of grouping by transfer_groups. I calculate reserves by guessing at Connect payout charges - this gets complicated by the Connected account's payout schedule (manual or automatic) and how transfers are subsequently grouped into payouts.

I reserve by assuming each transfer has a corresponding payout (a pessimistic conservative guess). I was probably going to "reconcile" just by comparing my conservative reserves vs. actual charges.

All this means is I'll guess how it works before going live, and adjust accordingly. Worst is some small amount remains in platform balance until reconciled, so NBD.