fadi - connect transfer | Stripe Developers | Page 1

frail pilot Apr 18, 2022, 8:12 PM

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What kind of connect account do you have?

olive cypress Apr 18, 2022, 8:14 PM

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I am doing a research, to select one, but I prefer to use standard as it has no monthly fees

frail pilot Apr 18, 2022, 8:14 PM

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Well with standard, the funds settle on the connected account not the platform

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The platform can charge an application fee though

olive cypress Apr 18, 2022, 8:16 PM

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I mean standard connected account, so we can not transfer money from platform account balance to standard connected account

frail pilot Apr 18, 2022, 8:17 PM

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Oh I see. You want to create a transfer that's not tied to any transactions?

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Yeah you can do that with this API endpoint: https://stripe.com/docs/api/transfers/create

Stripe API reference – Create a transfer – curl

Complete reference documentation for the Stripe API. Includes code snippets and examples for our Python, Java, PHP, Node.js, Go, Ruby, and .NET libraries.

olive cypress Apr 18, 2022, 8:21 PM

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oh, good and for this transfer operation is there any fees applied ?

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or do we have a restriction regarding the country of the platform and connected account, like the platform in USA and connected account country is Australia?

frail pilot Apr 18, 2022, 8:25 PM

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I don't believe there will be a fee on just a transfer (not attached to a charge), but I would reach out to support to confirm as I'm not an expert in pricing/fees: https://support.stripe.com

Stripe: Help & Support

Find help and support for Stripe. Our support center provides answers on all types of situations, including account information, charges and refunds, and subscriptions information. Get your questions answered and find international support for Stripe.

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If the connected account has transfers enabled, then I don't believe the country should matter. You can try all of this out in test mode too

warped viper Apr 18, 2022, 8:30 PM

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(NOT with Stripe) I think you'll find cross-border matters VERY much with transfer...

frail pilot Apr 18, 2022, 8:33 PM

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Your platform is US, right @olive cypress ?

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https://stripe.com/docs/connect/cross-border-payouts

Cross-border payouts

Transfer and pay out funds around the world

olive cypress Apr 18, 2022, 8:35 PM

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No it is Canadian

frail pilot Apr 18, 2022, 8:41 PM

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Ah my bad. From your example I thought you were a US platform

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Ok let's take a step back. If you were to use standard accounts and the funds were to settle on the connected account, why do you still need to transfer funds to the connected accounts?

olive cypress Apr 18, 2022, 9:32 PM

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the fund would be settled on the platform account, and after a while i want to transfer revenues to a standard connected account that maybe based in USA or Canada.

broken dagger Apr 18, 2022, 9:33 PM

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Hello! I'm taking over and catching up now...

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The flow you're describing is not recommended for Standard accounts. For Standard accounts you would use direct charges, where you create the payment on the connected account and, optionally, take part of the funds as an application fee: https://stripe.com/docs/connect/direct-charges

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Can you tell me at a high level what you're trying to build so I can recommend the best Connect options for you?

olive cypress Apr 18, 2022, 10:22 PM

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I am trying to build a payment service that has client apps of the following pattern:
for each app (market) I have an application stripe account,
client app has several sellers and each seller can organize his product selling events,
after selling event is completed, revenue should be distributed to client application and seller and payment service,
let's say
client app account should take 2% of payments
payment service should take 1%,
and pay the remaining balance to seller.

broken dagger Apr 18, 2022, 10:23 PM

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Okay, but you want to hold funds at some point? Can you walk me through an example payment flow?

#fadi - connect transfer