I am working with a marketplace website. Initially, I will be charging a customer for buying a product and the money will be credited to my stripe account. After that, I want to transfer some money from my stripe account to two different standalone connected stripe accounts in. How can I achieve this using stripe?
The exact feature you are looking for is Transfer. Before April 6, 2017, transfers also represented movement of funds from a Stripe account to a card or bank account. This behaviour has since been split out into a Payout object, with corresponding payout endpoints.
This link has detailed guide of how to create Transfers.
I know this was asked long ago but I couldn't find any satisfactory or to the point answer.
You need to use the "Separate Charges & Transfers" flow described here: https://stripe.com/docs/connect/charges-transfers.
I also recommend that you write to Stripe's support at https://support.stripe.com/email to explain your business model and desired payment flows to make sure that it's something that Stripe can support.
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So when I run a charge, I'd like to be able to have 15% go to a secondary bank account of mine. What's the preferred way to do this now?
I found a great article on exactly this, using recipients and transfers (https://unicornfree.com/2013/using-stripe-to-divvy-up-revenue), but that's been deprecated and replaced with Managed Accounts. But those docs don't offer a clear way to do what I need.
Anyone seen a working example out there?
It sounds like you're trying to setup a "marketplace" type scenario, in which you would use the Stripe Connect platform and have the application_fee parameter in your request which to collect your 15%.
In that scenario, you create a charge request for $100 from customer A, you can specify an application_fee of 1500 (stripe requires the value in cents) in the API call. Documentation on this can be found here.
The result is that the $85 goes to your recipient, and $15 goes into your personal stripe account, and can be transferred to the bank account of your choosing. On hidden "gotcha" to this is that the stripe processing fee will be taken out of your application fee that you charge, so you won't be getting a true 15% from the transaction.
Note, you will need to have a connected or managed account registered through your connect account in order to properly setup the transaction. A general overview on the pros/cons of connected vs managed can be found here.
I have a site where I am using Stripe API to collect payments. I would like to send some amount of the money I collect to a user's bank account. How would I go about doing this?
You can't simply send funds to any bank account from your own Stripe account.
You can use Stripe Connect to accept payments on behalf of others (and optionally take a fee for yourself), then send funds to their bank account. But there a lot of things to consider when using Connect and it's quite a lot more complex than simply using Stripe for yourself.
If it sounds like Connect is a good fit for you, I greatly recommend you spend some time to read the docs as well as this article.
I am working on a software that is to be used by businesses which make about $0.5mil revenue per year. I would like to incorporate into the software the option for my users to accept card payments from their clients. So far it seems I have the following options:
Manage multiple merchant accounts on behalf of my clients, however this has a few drawbacks. I would, for example, like to charge some small fee to cover the costs (about 0.1%) which I cannot accept if the payment to my user doesn't go through some stage that I can control where I can deduct the fee and send it my way. Also, about 50% of the mentioned revenue is paid for by credit or debit cards so a volume of $250,000 might not be enough to cover the fees set by the account provider.
Send everything through a merchant account that I control and then distribute the funds to the users. This, however, seems like a very small scale solution at best with the average number of payments per user per day being around 15.
The end result should be that the user enters a price in the software, this gets sent to a card reader where the user's client inserts their card and makes the payment. The amount charged includes all the fees associated. The amount paid will then be sent to some merchant account where my fee will be sent to me and the merchant fee will be deducted, the rest will be sent to my user's account. The whole point being that the user doesn't have to bother with setting up merchant account or card reader and simply gets a card reader from us which connects to the software and can immediately accept payments.
I sincerely hope I am missing something but I would appreciate any help with finding a way how to charge clients of my users and take some small fee.
So as it turns out, the best way to do this is using Stripe after all. If anyone is ever concerned, this is how I solved the problem.
Stripe is currently rolling out Managed Accounts of their Stripe Connect which can be used to effectively manage Stripe accounts for my customers. Therefore, once a user registers for my payment program, I create a managed account for them without the user knowing at all. For incoming Stripe payments I can then use the destination property as the id of the account where the money should go and specify an application fee which will be charged to my own account.
From there on the only problem to solve is that Stripe only supports online payments which can be overcome by using for example Payworks, however so far their service has been pretty terrible so this may be a weak point in the system.
I implemented Stripe connect which provides token and other useful property of the signee(user). From the tokens provided, is there a way transfer payment from my account to the user Stripe account? This an option https://stripe.com/docs/connect/collecting-fees#charges for me right now because I would like to collect the payments first then transfer it later to the user(recipients).
there does seem to be support for this now:
https://support.stripe.com/questions/how-can-i-migrate-to-a-new-stripe-account
Right now (September 2014) Stripe does not support Stripe account-to-Stripe account transfers in any way. If you have a US Stripe account, you'd be better off using our transfers API, which would allow you to accept the payments and then transfer them to a third-party bank account when appropriate:
https://stripe.com/docs/tutorials/sending-transfers
Cheers,
Larry
PS I work on Support at Stripe.
I am using Stripe for online payments but also users can pay offline (cash or check). I want to centralize all my invoices/charges in one place (Stripe).
I am not sure if I can add offline payments (cash or check) to stripe or not. I guess I can if I created customers, invoices, charges with livemode=false for my live keys.
Is this feasible and will Stripe accept having some (customers, invoices and charges) with livemode=false and others with livemode=true?
If yes, should I fill fake credit card info or should I set it as nil?
Stripe does not allow you to create a Subscription on a Customer if you don't have a credit card setup. More accurately, it does not allow you to create a subscription if a customer does not have a way to pay for the next invoice. So for offline payments, you could update the 'account_balance' on the customer to have a negative value equal to the amount the customer wired (credits). Stripe will then allow you to create a subscription for the customer because it knows that the customer has enough account balance to pay for the next invoice. This post has more details.
We don't currently support offline payments, so you'll want to look at a separate accounting system for those payments.
That said, it's totally understandable that you'd want to keep this data in one place. You might be interested in using our webhooks system to offer live updates to your accounting system without directly touching the code that creates the charge in Stripe.