#GomuGomu88-connect
1 messages · Page 1 of 1 (latest)
hi! well in general yes, I think what you're describing is possible. You can charge end-customers, use our automatic tax products to apply tax on those, and transfer funds from the payment to Express accounts for them to get paid out.
The part I don't understand is
and then be sending invoices to the connecting accounts with a summary of monthly transactions with our fee and taxes charges.
wha do you mean by invoice? An invoice is generally a demand for payment, but Express accounts don't pay you, they receive money from you.
a bill also means the same thing, a demand for payment. I assume you mean you want something like a report/summary showing what transactions they were involved in and what fees your platform took and tax paid by the customer(though I don't understand why Express accounts really care about what the customer paid, and are you sure you want to reveal to them the exact cut you take from payments for your profit?)
But yep, it's totally possible, there's no in built tool for this but you can call the API to get this information and generate a report in your system to send to the account in your system.
yes, some kind of report, so then this report have to be generated by us right? the creation of pdf
so karllekko how would be the money flow, i mean, are we (As platform) the responsibles to charge those taxes and be sending to customer accounts (Express accounts)
because we dont want to be a third party, cus this will be involve us in paying taxes, legally
yep!
well if you're integrating this way(with Express accounts), then you are using Destination charges(https://stripe.com/docs/connect/destination-charges) which generally means you are the one processing the customer's payment and paying the tax yes. It's like if I am a customer ordering a Lyft, Lyft charges me and processes my payment and would charge VAT, the driver(the Express account) just receives money that Lyft transfers to them.
but we want stripe to charges those taxes
cus we dont want legally paying taxes for this action
not sure what that means really
we just want to be paying taxes for our fee
this is a chat for API questions and I'm just a developer, not a tax expert