SuperFly-Bank

[dense ravine]

Hi, are you referring to sending fund to your customer, or sending fund to your Connected Accounts?

[dusty solar]

Okay well first of all, how familiar are you with card tokens?

can you answer a few api functionality questions about those?

[dense ravine]

It depends on the API you are asking TBH. I am a developer and I will try my best

[dusty solar]

Okay so like, when you create a token, that is a one time use, correct?

[dense ravine]

To charge the customer? Yes

[dusty solar]

Okay BUT what we are doing is tokenizing a debit card, then adding that as the external account info to a Stripe Connected Account

Which we are then using to transfer funds to them

Does that mean we can only do that one time?? Or does that mean we can only connect it to an external account one time?

above is our current code

[dense ravine]

You only need to do it one time AFAIK. Why do you want to do it multiple time?

https://stripe.com/docs/api/external_account_bank_accounts/create#account_create_bank_account-external_account

Here are the bank parameters

Or you can create a Bank token first, to pass the token id here instead. It's the same process

[dusty solar]

No no, I am asking if we can transfer money to them multiple times with that card information that we tokenized

So once they create an account with us, we will transfer money to them several times, to the account they registered

[dense ravine]

You should be able to , yes

[dusty solar]

Okay, so what does the page mean by "single use"

[dense ravine]

Hmm sorry, which page are you referring to?

[dusty solar]

Is that saying that we will not be able to transfer money to our customers more than once?

[dense ravine]

I think that only refers to credit card token to charge the customer. In your use case, it's the debit card tighted to an external account and it's different. Sorry for the misleading word.

To clarify, each time you make a Transfer API, the fund is moved into your Connected Account balance. After a while, Stripe will create a Payout, taking fund from their balance and transfer to their registered bank or debit card

[dusty solar]

Okay so I think I misunderstood transfers as well, so that money is not transferred directly to the customer?

It is sent to their stripe connected account balance?

[dense ravine]

Yes

[dusty solar]

Okay so do you know how long the process is for stripe payouts to take place?

Should we have used the payout api instead?

[dense ravine]

https://stripe.com/docs/connect/account-balances

Payout is a different thing. There are Automatic Payout and Manual Payout

for Automatic Payout you can specify the delay days : https://stripe.com/docs/connect/manage-payout-schedule

[dusty solar]

Okay okay good deal thank you

[dense ravine]

For Manual, you call it whenever you want: https://stripe.com/docs/connect/manual-payouts

[dusty solar]

And are you pretty sure that tokens will work more than once in the way we're doing it?

[dense ravine]

Yes. it should. It's just the target registered for Payouts, and should works across multiple Payouts

[dusty solar]

Beautiful

Thank you

[dense ravine]

To give an example what was "single-use" means, if you try to create a Token for charging Customer

token = Stripe::Token.create({
  card: {
    number: '4242424242424242',
    exp_month: 4,
    exp_year: 2023,
    cvc: '314',
  },
})

ch = Stripe::Charge.create({
  amount: 2000,
  currency: 'usd',
  source: token.id,
})


ch2 = Stripe::Charge.create({
  amount: 1000,
  currency: 'usd',
  source: token.id,

Something like this won't work. It will error on "can not use Token multiple times"

[dusty solar]

ohh okay I think I understand

[dense ravine]

Happy to help 🙂 Good luck!

[dusty solar]

Thanks!