#Dr.Chris-Connect

1 messages · Page 1 of 1 (latest)

mild swan
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Hi there! To clarify, you want to charge your Connected Accounts a referral commission?

restive depot
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Hey! I'll try my best to clarify here - so we have a merchant that basically wants to pay out a commission (referral) to someone else via stripe.

mild swan
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I see... so that 3rd party isn't associated with you directly, but instead with your Connected Account user.

restive depot
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yes exactly

mild swan
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If you wanted to facilitate this then you would essentially need to onboard that 3rd party as a Connected Account and then you could charge your Connected Account merchant as a normal customer of that Connected Account.

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But we don't really have a feature that will take care of all of this for you.

restive depot
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Gotcha - so I can give you some more context just to gut check if this would make sense

mild swan
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Yep that'd be great

restive depot
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We have an online ordering platform which is focused on direct delivery called one2 - via stripe connect, we only charge a small application fee per order.

Our merchant would like to offer a flat 12.5% commission to a* separate stripe account that would be providing the referral for them

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So we're not making any of that 12.5% in this situation, they just want to be able to break apart payouts to another party

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in this case, the referral

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Let me know if this makes sense - I'm open to doing this the simplest way possible

mild swan
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Ah okay thank you for clarifying.

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What type of Connected Accounts are you using and what type of charges currently?

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And where are your Connected Accounts located compared to your platform (are they in-region or international)?

restive depot
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Both domestic USA - I think they are normal connect accounts (online ordering for restaurants)

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standard connect accounts

mild swan
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Got it.

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Okay so really the easiest way to do this then is going to be to take a larger Application fee and then transfer those "commission funds" to the other Stripe Account separately.

restive depot
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Gotcha - so we would just have both stripe accounts (merchant + referral provider) as& merchants under our platform

mild swan
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Exactly

restive depot
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gotcha ok

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Forgive me for not knowing this, would this require any dev work to accomplish?

mild swan
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Yes it would.

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You will need to add logic for when to calculate a higher application fee, and then a separate API request to create the transfer to the commissioned account

restive depot
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I see. Is there a solution that they could do themselves via 3rd party? I know there's apps like 1st promoter that handle referral payouts, plus that would make sure the routing is on their end since we don't necessarily support what they want to do

mild swan
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Your Standard Accounts can be a platform as well for their own Connected Accounts so you can have them handle this all on their end if you want to.

restive depot
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Hmm, I'm not sure I follow. How does that work exactly?

mild swan
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Just like you created a platform, they would create a platform and have their own Connected Accounts and then they would transfer their commission to those accounts.

restive depot
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so they'd have a connect account under our connect account

mild swan
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Correct. You can't manage their Connected Account at all, but they can handle it themselves.

restive depot
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Can that be done without the API?

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on their end?

mild swan
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Yes, they can send their 3rd party an onboarding link via the Dashboard and they can create transfers via the Dashboard.

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It is highly manual though.

restive depot
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Gotcha - so if it takes off they would want to write some sort of integration at that stage

mild swan
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Yep

restive depot
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Well I guess this could work but it sounds a little painful

mild swan
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Yeah I wouldn't really recommend it.

restive depot
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Is there like a 3rd party app that they can use that does this?

mild swan
restive depot
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Alright - will do. Thanks @mild swan for the answers! I'll chat with my team and see if we have any additional questions. Is there a way we can keep this thread open for a little longer?

mild swan
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Yep I'll leave it open!

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And if it gets archived feel free to just jump back into the main channel and ask it to get re-opened.

restive depot
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Sounds good 👍

restive depot
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Hey @mild swan , is there a way we can just redirect funds inside of a stripe balance to another account, after the fact?