#Dev Shev-BankTransfers

1 messages · Page 1 of 1 (latest)

tiny panther
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Hi, I'm unsure what you mean here. Are you asking if you can transfer funds to a connected account?

round minnow
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Let explain you my problem, I'm trying to solve since two weeks.

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Our website is a platform:
It has Principals: Wo take investments
It has Investors: Wo get profit share every month.

Our website have stripe account
Principal and Investors don't have stripe account.

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Principal have to distribute money to investors every month.

tiny panther
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'Principal and Investors don't have stripe account.' -- so how are you using your Platform?

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With connect, I'd assume the Principal and Investors would be your connected accounts

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Can you shed some light here?

round minnow
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We are trying to use strip connect -> custom

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Principal can have stripe account, if we want.

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Payment should go to investors bank account.

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Ok forget it what we are doing:
Suggest a solution:
Principal want to send amount to multiple investor's bank accounts. what's best solution in stripe.

tiny panther
round minnow
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Using which service I can transfer to bank accounts?

tiny panther
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So the Principal account can send funds to their connected accounts via that API

round minnow
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Is refund works without deposit ?

tiny panther
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You cannot directly transfer funds to the connected accounts' banks. However, you can send funds to the connected account which they would have external bank accounts and receive those funds as payouts.

round minnow
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Ok

tiny panther