#youngjunwoo92-connect
hushed dragon
Hello! Starting a thread so I can answer your questions
- How long you can hold the funds depends on your country - you'll want to read https://stripe.com/docs/connect/account-balances#holding-funds
- You're welcome to use both, it really depends on your integration. Some folks may find it easier to manage just using one funds flow
- I'm not sure what you mean by "is it legal to bring back funds from their bank account"? Are you asking whether Stripe debitting the connected account is legal?
leaden gull
I think I've read in the document that Stripe requests refund amount to the seller's bank account if seller
's connect account does not have sufficient balance
is this correct?
leaden gull
Thank you, and do you have answer to my question number 4?
hushed dragon
- It depends on the funds flow. So for example if you did destination charges the refund would come from the platform account and you'd reverse the transfer to get back the $90 (see https://stripe.com/docs/connect/destination-charges#issuing-refunds)
I'm heading out, but if you need more help @vapid fern can answer questions
leaden gull
okay, in the docs @hushed dragon posted, it says "If a connected account balance is negative, Stripe debits their external account on file." Does this mean Stripe brings necessary amount from seller's bank to stripe connected account?
vapid fern
That's correct. If the funds are available in the external bank account, a debit is created to pull funds into their negative balance to reconcile it
leaden gull
I understood.
If you don't mind, could you explain typical integration of separate charges and transfer for platform like ours.
I just wanted to know lifecycle step by step such as:
buyer buys 3 items that are sold by different seller -> platform collects funds -> when shipping status is changed to "delivered" platform transfer funds to each sellers -> etc