#marcoprouve-fees

1 messages · Page 1 of 1 (latest)

wicked patrol
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Hello 👋
Give me a moment to catch up here

latent hill
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awesome thank you!

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A second separate request...

I want to have the organizations on our platform set up with bank account on stripe so that they can request payouts from us to their corporate bank accounts. Do you have a B2B integration or API you would recommend for this? We would either send funds directly from our stripe account or send funds from our bank account set up through stripe

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@wicked patrol any update?

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Thanks for taking the time

wicked patrol
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Still catching up
Appreciate your patience

wicked patrol
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My expectation is that the rveenue for our team should be $25. Can you explain this a bit more?
do you mind breaking down the calculation for me where you're getting 27.09 as the p(charge)?

I want to have the organizations on our platform set up with bank account on stripe so that they can request payouts from us to their corporate bank accounts. Do you have a B2B integration or API you would recommend for this? We would either send funds directly from our stripe account or send funds from our bank account set up through stripe
Yup we have a guide here
https://stripe.com/docs/connect/bank-debit-card-payouts

latent hill
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Awesome I figrud that was it but wantd to make sure

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E.g. I want to charge a user for a product that costs $25:

p(goal) = 25
f(fixed) = (.029 * 25) + .3
f(percent) = f(fixed) / (p(goal) + f(fixed))
P(charge) = (25 + p(fixed)) / (1 - (f(percent))

p(charge) = 27.09
wicked patrol
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Hmm I am getting the same on my end. Weird. I would suggest you reach out to our support about that as I believe they'd able to provide exact and more reliable answers for this
https://support.stripe.com/?contact=true

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.

native hamlet
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I'm pretty sure that formula assumed F(fixed) = 0.25 (i.e. the flat per-charge fee) and f(percent) = 0.029% (the percent fee)

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or F(fixed)=0.30, or whatever it is

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your formula is using the combination of the fixed amount (0.30) and the percentage amount (0.0029)

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...and calling that "fixed" - which it isn't

latent hill
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Ohhh

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that would make way morew sense

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I was using the combined total..

native hamlet
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so:
p(goal) = 25
f(fixed) = 0.30
f(percent) = 0.029
p(charge) = (25 + 0.30)/(1 - 0.029)

latent hill
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It would help to have a bit more explanation on this page tbh. I get it now, but obviously that was not immediately clear. Im also assuming this calculation works for charging the tax fees to the customer

native hamlet
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p(charge) = 26.06 (rounded up)

latent hill
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Thank you guys. i was struggling with that for a bit haha

native hamlet
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sort of; depends on what the Tax is charged against. You'll have to do the algebra

latent hill
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ok sounds good ill obviously tackle that if i have to

wicked patrol
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Thanks @native hamlet 🙂