#Att89-payouts

1 messages · Page 1 of 1 (latest)

west walrus
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Hi! What is your question?

narrow kettle
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Hi! Thank you! First I would explain the situation as short as possible:
We develope a rental platform (similar to AirBnb). The users who want to rent on our platform will be created a custom connect account, to receive payments. After a booking for a housing is made by a user, the money goes directly to the landlords connected account. For us it is legally not allowed to hold the money back on our account and pay it first out as the booking successful starts. We currently have concerns or worries about landlords who may have fraudulent intentions. They could pay out the money to their bank account and just run away before the booking even started. In this case we would have to refund the money to the booking person most likely. This is of course a huge risk for us.

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Therefore I have read about manual payouts, because of the custom connect accounts our customer do not have a direct access to their stripe dashboard. So we could only allow manual payouts and execute them only, if the booking was started successful. Unfortunately it is not totally clear to me from the documentation, how this works. In Europe it is possible to hold back payouts up to 90 days, but there is no explanation how this is calculated exactly.

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Here is an example: A landlord gets a booking on day 1, which starts 90 days later and then on day 2 which starts 90 days later and so on. My questions about this situation:

  • What exactly would happen on day 90? would stripe automatically start the payout on this day if we do nothing about it?
  • Can we pay out only the sum for the booking for day 1 on day 90 and then for day 2 on day 91 and so on?
  • Is there a way to wait even longer with the payout? Because it is possible to book a housing way earlier than 90 days before beginning of the booking.
heavy bane
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What exactly would happen on day 90? would stripe automatically start the payout on this day if we do nothing about it?
Yes, exactly
Can we pay out only the sum for the booking for day 1 on day 90 and then for day 2 on day 91 and so on?
Yep, with manual payouts you specify the amount to pay out! https://stripe.com/docs/connect/manual-payouts#regular-payouts
Is there a way to wait even longer with the payout? Because it is possible to book a housing way earlier than 90 days before beginning of the booking.
There's not, no

Using manual payouts

Sending manual payouts to your connected accounts

narrow kettle
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OK, thank you! So it is allowed to pay on day 90 only the sum out, which came in 90 day earlier and not everything?

heavy bane
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Yes, no accumulated balance can be held longer than 90 days

narrow kettle
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OK, many thanks!