#Andrew - Payouts

1 messages · Page 1 of 1 (latest)

neon turtle
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Hello! If the Payouts were automatic you can use this method: https://stripe.com/docs/expand/use-cases#charges-in-payout

However, for manual Payouts there's no way for us to know what's inside. For example, if three $10 payments come in and $15 is paid out, what does that mean? Is it $5 from each payment? $10 from one and $5 from another? Something else? There's no way for Stripe to know.

atomic schooner
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Yea i guess this brings up a question about why i chose manual payouts. I wanna know if my decision is warranted or not. I'll explain:

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So the app i'm building is leveraging connect for barbers to get paid. My rationale was "if money becomes available in my stripe (connect account) balance , as a barber i'd wanna see it immediately." which is reasonable so i opted for using webhooks to initiate a payout right away. Which in my mind makes sense. I guess now that i'm thinking about it my question now is: "Why not do automatic payouts on a daily schedule frequency?" this gives the benefit of actually seeing what charges are in a payout AND i could add an experience for people to adjust their payout schedule.

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Also for more context i don't remember if instant payouts are supported with automatic so maybe that's why i went with it in the beginning.

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But i also remember in one of my threads in this chat that there was a special feature for accounts to request doing automatic payouts mixed with instant because i've seen platforms like lyft and others offer a schedule while also supporting instant payouts.

neon turtle
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Instant Payouts are compatible with both automatic and manual Payouts.

atomic schooner
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Holy...was this always the case?

neon turtle
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Well, that may not mean what you think it means. Sorry, I should have provided more context. Instant Payouts are compatible with automatic Payouts in that you can create a manual Instant Payout while you're on an automatic Payout schedule. Once funds are bundled into an automatic Payout you can't pay those funds out with an Instant Payout.

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I think you may want to explore defaulting to automatic daily Payouts with an option for Instant Payouts when requested.

atomic schooner
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Yea currently i offer instant payouts. And thanks for confirming. What i want is automatic payouts, where a user can set a schedule that stripe offers and when balances accrue Stripe will tell me if it's available as an instant or not. I need to re-read up on the flow because currently i just get the balance and if automatic balance is populated i offer it up as an option. This is helpful but i might have more questions soon thanks for the direction!

neon turtle
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Sounds good!