harisabbasi12-payouts | Stripe Developers | Page 1

hollow moss Jun 10, 2022, 11:02 AM

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hi! can you expand on the use case some more?

The way it works is you add your bank account to your Stripe account and any charges you process get paid out to that bank account.

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you can use Connect to create Stripe accounts for other people(partners/contractors etc) your business needs to pay money to and they add bank accounts to those accounts, to pay out any money you transfer to them.

open yoke Jun 10, 2022, 11:06 AM

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Actually when any customer pays for ride and i charge them by stripe.charges.create and money gets added to my stripe account as you see in Balances. Now my next task was to send some of the money to driver bank account. How can i send money from my stripe account to to bank account of my provider?.

hollow moss Jun 10, 2022, 11:09 AM

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you have to use Connect then

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the driver has to have a Stripe account connected to your platform(your current Stripe account), and your platform transfers funds to them; the driver has their own Stripe account and linked bank account for payouts https://stripe.com/docs/connect

open yoke Jun 10, 2022, 11:12 AM

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So i have to create stripe connected account for Driver and link bank account of driver then i would be able to payout, right? . Btw can you tell me difference between manual and automated payout?

hollow moss Jun 10, 2022, 11:17 AM

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it's very complicated but yes at a high level that's what you'd do!
manual payouts are that the money sits in the Stripe account and accumulates until you call the API to pay some of it out. Automatic is that we pay the money out to you immediately each day as soon as it's available.

open yoke Jun 10, 2022, 11:19 AM

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Okay thanks, so what i need to do is manual payout

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