how would bank transfers work exactly for end-users? are they provided with a Stripe bank account to transfer funds to?
#Tino-connect
odd mica
you'd need to read through https://stripe.com/docs/payments/bank-transfers but for example you get a virtual IBAN for each payment attempt, which you shows the customer for them to send a transfer to, and you get webhooks about when payments complete.
primal anchor
so if I'm understading it correctly: a virtual IBAN is shown to the customer (is this IBAN one-time or is it linked to the connected account and a reference code has to be included in the transfer?), user sends funds and when the payments complete it can also be parameterized so the fee is automatically collected and the rest of the funds transferred to the connected account, plus we get the webhooks, is it right?
odd mica
right
Is this IBAN one-time or is it linked to the connected account and a reference code has to be included in the transfer?
not sure exactly, I'd have to test. Really you just use our frontend library and it shows all the information the customer need to use, like the VBAN to send the funds to and any reference if needed. AFAIK though the VBAN is different for every payment attempt so that's how it's reconciled.
primal anchor
so no extra parameters such as reference number to identify customer and payment?
odd mica
there might be, I don't know off the top of my head
you can read through the docs and try it out in test mode to see what the flow looks like!
hi! yes, you'd need to use Connect for this. Express is likely a good fit.
https://stripe.com/docs/connect/collect-then-transfer-guide
What capabilities/payment methods can we handle through the platform?
For the vast majority, anything you can do or payment method you can accept on your own account works in a Connect context.
Can fees be collected during PaymentIntents automatically
yes, you generally use something like https://stripe.com/docs/connect/destination-charges#application-fee
primal anchor
is this fee scheme available for bank transfers/sepa as well?
thank you for your response!
primal anchor
great, thank you!