#thefyrewire-connect
1 messages · Page 1 of 1 (latest)
hi! the options are at https://stripe.com/docs/connect/account-capabilities#transfers-cross-border
If you’re not covered by these scenarios, create a platform account in that same region and onboard accounts to that account. Depending on your business structure, this might require creating a legal entity in that region and additional work to onboard users to the new platform account.
Alternatively, you can facilitate international payouts by using the card_payments capability to make charges directly on the connected account.
(note that second paragraph is only applicable for US platforms sending to international destinations, it doesn't work for platforms in other countries)
ah sorry, was thinking of something else (https://stripe.com/docs/connect/cross-border-payouts)
as that paragraph says though, the alternative is to not do Transfers(Destination charge) and do Direct Charges instead, or do Destination Charges with on_behalf_of, (https://stripe.com/docs/connect/destination-charges#settlement-merchant) but those have their own implications.
Hmmm, we can't do direct charges, and I think we would probably need to keep the platform as the settlement merchant 🤔
yep! so usually the only option is multiple platforms
Do you know how many platforms would we need to make for the best international coverage?
nope since it depends entirely on your business
the EU is its own region( see the link I posted) and then as far as I know other countries are their own individual region(for example a US platform can't transfer to a CA connected account)
Does the cross border payouts thing you mentioned - https://stripe.com/docs/connect/cross-border-payouts - mean that if we re-make our primary platform to be in the US, that we can make transfers to all the countries listed on that page?
Generally yes, although some of those countries are in beta (and would require special gated access)
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@royal hill What's up?
Thanks! Just wanted to check about this. I created a US platform account and enabled Connect. I then went to set which countries could onboard and which countries have transfers/payments supported, etc, and saw this
But if I enable test mode, then the countries are supported
(for transfers)
Is this just because I didn't complete the platform setup?