I have a Stripe checkout page (https://stripe.com/docs/payments/accept-a-payment?integration=checkout) where customers can pay to providers. When I make a test payment, the money appears on the connected account's balance as Total balance, but it's not available to pay out (so Available to pay out amount is 0).
How can I make the money available?
Use the 4000000000000077 test card and the funds from any charges made on that test card will be immediately available.
https://stripe.com/docs/testing#cards-responses
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Pretty new to Stripe, we're building an online marketplace. Each user can buy assets from any other user. We also take fees for each payment.
We go with connected accounts. Seller goes through the onboarding flow (create connected account, create account link etc), while buyer is registered as a customer of our platform on Stripe.
Now, whenever buyer makes a payment we create a payment intent to pay to us (amount + 20% fee via):
stripe.paymentIntents.create(params)
Then we create new payout to seller (amount) using source transaction from payment intent above:
await stripe.transfers.create({
amount: payment.amount * 100,
currency: payment.currency,
destination: seller.stripeAccountId,
source_transaction: sourceTransaction,
});
Is this the preferred and best way of handling this? In terms of time, we need first to wait for payment to settle to our bank account to be able to payout seller?
Is there any better way of doing this instead of manual payouts?
Is there a way to make direct transfer to connected account when user does payment?
I tried with payment intent, specifying connected account id in request, but API is complaining that customer id is on our platform but account id is specified, so it's not possible obviously.
Also, manual payouts would come handy to simulate payment escrow/deposit. When user create a request for some asset, we would immediately transfer certain amount to our account, like reserving that amount. And if the seller accepts the offer, we would do a payout. If seller rejects the offer, we would do payout to the buyer, giving him back his money.
Does this make sense?
Thanks in advance
You don't need Payout (yet) in your use case. You are doing Separate Charges and Transfers, and fund simply moves from your Account's balance to Connected Account's balance. It hasn't been out of your Connected Account's balance to your Connected Account's bank account yet, which is called "Payout".
In another word, Payout is separated process than Charges and Transfers. Charges and Transfers can happen immediately, and Payouts normally happen later on a daily basis or manually.
Find more explanation on Connect Balance.
There is also Destination Charge which is simpler than Separate Charges and Transfers. I recommend Destination Charge unless you have specific reason to use Separate Charges and Transfers, ie. you need to transfer to multiple Connected Accounts on one payment.
First, we take money from customers and as soon as we get the profit on the customer investment we want to transfer it back to the customer, is there any way on Stripe. Please guide.
It sounds like you are building an investment platform and Stripe isn't a good fit, since you can't transfer back money to your customer.
You can somehow simulate by using Stripe Connect with each customer as a Connected Account, but it comes with different limitation on funds flow and fee, so it's not recommended.
I want to create a system in bubble.io app with stripe, in which:
the customer while purchasing products will pay though their credit balance but the invoice should not generate (or without invoice).
if it possible, then how? and if not then:
customer should transfer money to stripe platform balance and whenever they make a purchase the money should transfer from stripe platform balance to the seller.
any solution?
The customer's credit balance automatically applies toward the next invoice of the customer. So if you are not using invoices, it won't work. The alternative is to keep track of the customer's balance on your end, and change the amount they need to pay accordingly.
If you want the platform account to charge the customer, and then later send the funds to the connected account(s), then you should use separate charges & transfers.
I have account B connected to account A (both are standard accounts).
What I'm trying to do: accept a payment through A and send the full amount to B, which then gets charged the corresponding Stripe fees.
What I did: Created a webhook that fires on charge.succeeded and does a transfer to the connected account (B), using the charge id in source_transaction (As per https://stripe.com/docs/connect/charges-transfers)
What happens: The connected account (B) seems to get the full payment, without fees, the fees seem to be charged to account A
Could it be that it's because in test mode? The idea is to use account A to send/split a payment between other accounts (1 or more), as in a marketplace.
You'd usually simply use a Direct Charge — https://stripe.com/docs/connect/direct-charges. That's exactly how you platform A makes an API call on connected account B to facilitate a payment, and the fees are paid by B.
The link you posted is for a more advanced integration where the platform processes the payment(and therefore pays the Stripe processing fees) and then transfers money to a connected account(like a company like Lyft charging a rider, then transferring some of the money to the driver).
The idea is to use account A to send/split a payment between other accounts (1 or more), as in a marketplace
You can't use Direct Charges to split a single payment between multiple connected accounts such that they all pay the fees separately. The most you could do is make multiple separate charges — like take the card from the customer, clone it to each individual account involved, and do N separate charges (https://stripe.com/docs/connect/cloning-customers-across-accounts) on each of them. I wouldn't really recommend that since it likely leads to more declines and disputes(it's weird to have a shopping cart with 5 items from 5 sellers and get charged by the actual 5 sellers, I would expect to be charged once by the company that runs the marketplace).
If you really need to do this type of business model where you take a single payment and then split between multiple sellers then you do need to take the approach you linked to, and have the platform pay the fees, that's the only way, it's specifically discussed at https://stripe.com/docs/connect/charges#types in detail.
Is it possible with Stripe to perform a test transaction to ensure that an account is funded?
I would like to :
take the Credit Card ID at the moment of the booking (but no payment at that moment)
make the customer pay AFTER the service has been done
What you likely want is to place a hold on the card for the given amount, and then capture the funds later after the service has completed. When placing a hold the given amount is authorized and guaranteed by the cardholder's bank. You'll often see these types of transactions show up on your online bank statement when renting a car or when checking-in to a hotel room. When processing your payment with Stripe you would set the capture_method on the PaymentIntent to manual which tells Stripe to only authorize the given amount. Then, once the service is rendered you would capture the funds. The following guide covers the approach in detail:
https://stripe.com/docs/payments/capture-later