mrelliot69-payout | Stripe Developers | Page 1

steel rune Jul 1, 2022, 7:14 AM

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👋 Happy to help

tawny cove Jul 1, 2022, 7:15 AM

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My question is in order to implement instant payouts using express do i need to change the settings on the platform account to manual payouts insted of auto?
Also i would like to understand what exacly the instant payout/payout do. From what i understand the payout basically will move the amount avaiable on balance to the connected account bank

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are you there?

steel rune Jul 1, 2022, 7:23 AM

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Yes, payout should be set to manual for instant payout [0].

[0] https://stripe.com/docs/connect/manage-payout-schedule

manual prevents automatic payouts. You will have to manually pay out the account’s balance using the Payouts API (acting as the connected account). You also set an account to manual to use Instant Payouts.

tawny cove Jul 1, 2022, 7:24 AM

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1- So in order to use instant payouts i would have to set both the connected account and the platform to manual on the payouts schedulle settings?

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2 -could you elaborate on the "acting as the connected account"

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3 - Also i would like to understand what exacly the instant payout/payout do. From what i understand the payout basically will move the amount avaiable on balance to the connected account bank

steel rune Jul 1, 2022, 7:31 AM

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1- So in order to use instant payouts i would have to set both the connected account and the platform to manual on the payouts schedulle settings?
For payout to connected account, manual payout setting is only required on connected account. Platform payout is from Stripe to platform's account

2 -could you elaborate on the "acting as the connected account"
As mentioned in Instant Payout doc, you will need to use Stripe-Account header to payout for the connected account. https://stripe.com/docs/connect/instant-payouts#creating-an-instant-payout

3 - Also i would like to understand what exacly the instant payout/payout do. From what i understand the payout basically will move the amount avaiable on balance to the connected account bank
It's instant that the funds typically appear in the associated bank account within 30 minutes.

tawny cove Jul 1, 2022, 7:34 AM

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1 - So i can have the platform payout shedulle settings in auto - to pay to x connected account on the time that is defined on the platform and then have y connected accounts with their settings on payouts to manual to pay whenever i define ?

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2 - alright, i tought since the payout is made by the platform i would do it like the other calls

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3 - right what i'm trying to understand is the flow of funds

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because from what i understand when a charge is made on the platform using destination charges, then the defined on the destination amount is transfered as balance to the connected account

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and then when a payout is made this balance is "converted" to money with a transfer to the connected account associated bank

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any news on this?

steel rune Jul 1, 2022, 7:41 AM

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Sorry, the server is busy now; looking into the questions now

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Platform payout and connected account payout are two different things. Platform payout is from Stripe to platform bank account whereas connected payout is from Stripe to connected bank account. Can you elaborate what you want to achieve here?

tawny cove Jul 1, 2022, 7:47 AM

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i have some clients that dont mind being paid for example on 3 days and i have others that whant to receive the funds right away when a charge is processed

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so what i'm trying to understand is how i can accomplish this

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and define their payouts schedulle "custom"

steel rune Jul 1, 2022, 7:55 AM

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What kind of charge type are you using? Destination charge or Separate charges and transfer?

tawny cove Jul 1, 2022, 7:55 AM

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destination charges

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any news?

spiral river Jul 1, 2022, 8:15 AM

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Hi! I'm taking over this thread.

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Can you summarize your question?

tawny cove Jul 1, 2022, 8:21 AM

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tawny cove i have some clients that dont mind being paid for example on 3 days and i have o...

here, but i would appreciated if you check the entire topic since will give you context

spiral river Jul 1, 2022, 8:24 AM

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You can set the payout schedule differently for each individual account. You can learn more about this here: https://stripe.com/docs/connect/manage-payout-schedule

Managing payout schedule

Manage the automatic payout schedule to your connected accounts.

tawny cove Jul 1, 2022, 8:32 AM

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can you explain what a payout do when using express/destination charges
the payout is made only to pass the money from the connected account balance to his bank account?

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also i'm confused with the payouts shcedulle from the platform and the connected accounts... i tought that the payout schedulle globally was managed by the platform payout settings and not the connected account

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can you explain this

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