Stripe Connect charge types

[@motowninvestor]

I have been waiting for YEARS for a graphical interface for Connect Charges.

[@rajeshkhumatnthem9179]

How do you set your own pricing for connect account. The default integration always charges 2.9 %+ .30cents as stripe fees. I want to test the 0.25% + 25¢ (+ $2 active account) model.

[@mtalsi1]

This is great. Thank you. I have a question: I want the full $10 to hit the 'author's account. So that means we take the upfront 'payout' fee from the reader of the newsletter. Can that be done? in other words, we need to take £10+platform fees+payout fees from the reader and then process the volume through to their bank account. We expect micro payments of between $3-$5....would you recommend Express of Standard accounts?

[@StripeDev]

Hey there-yes this should be possible, and it sounds like you'd want to look int o Stripe Connect, where authors would open a Stripe Express account to receive their payouts. You can find more on this here: stripe.com/docs/connect/collect-then-transfer-guide?platform=no-code

[@ManojSahu-m2d]

Can you please provide the link to next video?

[@IAMTHEMUSK]

Hi. Can I just programatically create an account for the sellers of my marketplace and just send to their bank account their money, without having them to do anything out from my website? What is the info required, and what's the process? I feel Stripe documentation is not clear for the connect flows. Is there a documentation for marketplace only?

[@insaneboarder02]

One thing for our gig economy app we are looking to do is charge a small percentage to the customer, and the rest of the application fee to the service provider. For instance, if the total fee is 18%, we would want to collect 3% from the customer and 15% from the service provider. Does stripe support that workflow? Thanks.

[@StripeDev]

Great question! You can do this by separating out charges and transfers: stripe.com/docs/connect/separate-charges-and-transfers. When charging customers, set the application fee-then, transfer the leftover balance to the service provider's account, enabling you to collect 3% from customers and 15% from providers through separate charges.

[@jdchannelviewer]

How bad of an idea would it be to use this in the inverse, ala an affiliate program? So the platform delivers the product, takes the bulk of the payment and pays out a minority percentage to the partner? Thanks.

[@atthecuspoffreedompodcast]

Quick Questions: While Implementing Stripe Connect with destination charges so I can distribute the payments accordingly with clients after taking out stripe fees + my platform fees... 1: Does the client receiving distribution from me get charged stripe fees upon withdrawal ? 2: For a feature that collects payments from multiple users to validate a transaction: Can the main business account receiving and distributing all transaction handle refunds effectively: is there docs I can follow for this? 3: Given I feel a need for both Destination + Separate Charges and Transfer types : Is it feasible? What's the best solution I can take given these scenarios and can one please point me to documentation I can follow to complete this. Thanks!!!

[@StripeDev]

Hi there-to better answer your questions without any loose ends, would you mind going through these docs here stripe.com/docs/connect/charges#destination and here stripe.com/docs/connect/destination-charges. Do reach out again if you still have any further doubts and we'd be happy to help!

[@reyad9959]

​@@StripeDevthe docs still did not help with the first question that he asked, can you please answer this question for me, after deducting the commission the connected account gets 8.77$ in that example, so does he also needs to pay 2.9% + 0.30¢ to sends his money to his Bank account ?

[@reyad9959]

@atthecuspoffreedompodcast did you get the answer for the first question ?

[@johndoe-cd9vt]

Hello, I'm struggling to understand what kind of account type and charge and TRANSFER type I should use if I want to create a marketplace like Upwork where the sellers can be anywhere in the world ?...

[@Typescape]

In this case, you have two options: 1. Express account with Destination Charges (or Separate Charges and Transters) US-based marketplaces can make cross-border transfers to a limited list of countries via destination charges with Express accounts. If you are not based in US, this becomes tricky because the platform and connected account HAVE to be in the same country to use destination charges. If you use Express accounts in this case, you will have to create a platform account in the US (ie. register a subsidiary company in the US) to get access to cross-border transfers for destination charges, or create a platform account in every country you hope to operate if you don't take the US approach (here you can use destination charges, or separate charges and transfers). 2. Standard account with direct charges As an alternative, you can use direct charges and specify an application fee. In this case, no transfer is require but it has its considerations. - Your sellers can only take card payments. - Your sellers take on the liability of disputes, chargebacks etc. - Your sellers are charged the Stripe fee instead of your platform. We have a similar business challenge on our side and these aren't exactly ideal. We would love to use Express accounts but having to set up a subsidiary is something we would rather avoid. However, putting the dispute burden on the seller is not great either - what a pickle.

[@SiddharthaKapoor]

Can I charge a flat application fee like $10 irrespective of the transaction amount?? (Direct charges with application fees would be applicable here. Am I right?) Secondly if there's a chargeback or refund then is the connected account responsible for it or the platform also has to bear the chargeback/refund fee For example: If platform was thumbtack and the end customer was using services from any one service provider and if thumbtack wanted to charge a flat fee $10 and avoid any consequences of refund or chargeback.

[@StripeDev]

Hey there-you can see how to set the application fee here: stripe.com/docs/connect/direct-charges#collecting-fees. In regards to disputes, the platform is ultimately responsible for any disputes that occur: stripe.com/docs/disputes/connect.

[@SiddharthaKapoor]

@@StripeDev My bad I didn't mention that I was referring to Standard account and in that case what would happen to application fee in case of chargeback or refunds. As I understand platform is responsible for disputes that occur in case of express or custom.

[@StripeDev]

For Standard accounts using direct charges, those accounts are responsible for disputes and any funds are withdrawn from their balance-not the platform.

[@SanoKei]

"Want to get rid of the different accounts" They now charge more for specfic account types. Engineers and sales fought and sales won.

[@MegaGmoney13]

Can Connect split the charges 3 ways and push the value for each into 3 connected accounts at the same time…instead of doing the application flow and having the full amount go into a single connected account then be distributed to the other 2. For example, a food delivery platform - Customers meal total is $24.98. The restaurant gets $15.98, the driver gets $8.00 and the platform gets a $1 fee. All dispersed at the same time.

[@StripeDev]

Thanks for the great question Grant! There's nothing fully automated for this-if you'd like to split the funds between more than one connected account you have to use the "Separate Charges and Transfers" flow documented here: stripe.com/docs/connect/separate-charges-and-transfers. You can then write custom come code that will create a Transfer to each connected account.

[@MegaGmoney13]

Great and thank you! We will code it out.

[@StripeDev]

Hi there-we have a no code solution that will allow your connected accounts to collect the funds as soon as an object is purchased through a payment link. This has more info about that: stripe.com/docs/connect/collect-then-transfer-guide?platform=no-code. If you're looking for a more customized solution, please fill out this form: stripe.com/contact/sales.

[@notfadeaway6617]

how to do international transfer?

[@StripeDev]

Hey! Can you clarify what you mean by International transfer? Are you looking to take international payments?