#corzah-payment
wide sapphire
Thank you
warm nest
The flow of payment via Stripe is:
- Customer buys some goods or services.
- Business gets the money in their Stripe account.
- Depending on how Payout is setup, the money will be transferred to the business's bank account.
coarse jolt
Thanks a ton!
warm nest
You can trigger an instant payout to request for money to be in bank account within 30 minutes: https://stripe.com/docs/payouts#instant-payouts
wide sapphire
So on my app each user would need to create a stripe account?
warm nest
Do you mind sharing your business case please?
wide sapphire
Basically I’m creating an app and on my app there are two types of accounts a user can make which is a normal account or a business account.
The normal account is a where a user is looking to buy goods and a business account is where a user sells goods
When a normal user buys something from a business user I want that payment to go straight to the business owner
warm nest
Do you charge any commission (application fee in Stripe's terminology lol) on your users?
wide sapphire
no I don’t
warm nest
Sure
wide sapphire
To be honest I don’t know what that means
warm nest
I was thinking of recommending Stripe's Connect product where you can handle the users' accounts on your end.
I was trying to understand your use case to recommend the best type for you 🙂
wide sapphire
Yeah I just want a user to be able to buy a service from another user and have those payments instantly reflect the bank account
warm nest
I recommend creating Express accounts for your users, as you will be handling the code and flow on their behalf.
You as the Platform account can then manage their accounts, and perform API requests on behalf of these accounts.
In the future if you would like to consider changing your business model to start charging application fees, this is also flexible.
wide sapphire
What are application fees?
warm nest
This is the "commission" you can define, to allow the settled payments to have a certain amount or percentage going to your platform account. https://stripe.com/docs/connect/destination-charges