#wyounis-connect

1 messages · Page 1 of 1 (latest)

robust compass
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Hi! Yes this is possible with Stripe Connect

frail oyster
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but as far as I understand, in this case the Platform account collects the payment, take the commission and then forward the rest to the merchant, which we want to avoid

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am I right that this is how it works?

robust compass
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There are three types of payments you can do with connect, listed here: https://stripe.com/docs/connect/charges
If I understand correctly, you want all the money to go to the connected account, and for the platform to just keep a fee? In this case you should probably use Direct Charges.

frail oyster
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So with direct charge, we "the platform owners" don't receive the entire payment at any point of time, we only receive our commission and the rest is paid directly to the merchant, correct?

robust compass
frail oyster
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ok, sounds great, thanks for your help soma

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Direct charges are supported only for connected accounts with the card_payments capability.

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does that mean the connected account can only collects card payments not bank transactions? like SEPA payments

robust compass
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This means you need the card_capability on the connected accounts. But you can still process payments with all supported payment method, like bank transactions.

frail oyster
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and can we "the platform" create an express connected account with this capability?

robust compass
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Technically yes. However direct charges are meant for Standard Account, as mentioned on the link I shared earlier

Using direct charges is recommended for Standard accounts. The connected account is responsible for Stripe fees, refunds, and chargebacks.
https://stripe.com/docs/connect/direct-charges
So I would strongly recommend using Standard Accounts, or keep Express accounts but don't use Direct Charges