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.
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I have a subscription service for which free trials are allowed before signing up for the full payed service. I want to ask the customer to provide credit card details before gaining access to the free trial, to prevent abuse of the trial.
I'm using Stripe to handle payments so that I don't have to deal with storage of any sensitive payment information. This free trial scenario would seem to be very common, so I assumed there would be some way to query a card to make sure that it hasn't been used to sign up already. Just some API call that would accept the card number etc. and return a boolean.
I haven't seen anything like in the API docs. I know that fingerprints of cards are accessible after creating a card source, so is it advisable to store them myself and query them? Or have I missed something in the docs?
Just to be clear... I'm not looking to search a card for a particular customer. I know I can iterate over the cards to do that, but I'd have to iterate over the cards of every customer to accomplish what I want, which is not feasible.
Here you probaly want to contact the support team and suggest this as a new feature.
A possibility is the fingerprint you mention, in my opinion this would be the way i would do it too.
One single card should never be associated with one customer in a platform.
No, there is no way to check whether a credit card is used for another customer or not. And there shouldn't be. Because a customer has right to use his/her single credit card to maintain more than accounts.
You can easily integrate trial feature of a Subscription in Stripe which is best way to implement Trial feature using Stripe. If any customer's payment failed after trial expired then you will be notified by Stripe.
And Stripe and any other payment gateway is not advise to store any card info due to security issue.
Is it possible to move money between Stripe customers through ACH without having to use the merchant, myself, as an intermediary?
To facilitate payments through Stripe between users of product, you'd need to have them create Connect accounts. You can read about the process of making payouts in the stripe docs. It is currently impossible to transfer money between Customers.
It may be worth going through Stripe's list of prohibited businesses as "Money Transmitters" generally aren't allowed. Where here that is defined as transferring money without the sale of a good or service. If you want to know whether you'd run afoul of this, I recommend writing into Stripe's support.
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.
OK, I am a little confused on the best way to setup Stripe for customer to customer direct bank transfer. Here's what I want to do.
I am building a rental platform where a tenant and landlord can enter their bank information (routing and account) and then on a monthly basis transfer money from the tenant to pay the landlord directly (ie, bank to bank transfer) for that months rent.
I think Stripe Connected account makes the most sense to make this happen. But I guess I am not fully understanding the flow, even after reading the docs. Any insight will be greatly appreciated.
You need to use Stripe Connect to accept payments on behalf of others. In your scenario, you'd create customers for the tenants and connected accounts for the landlords, then create charges to move funds from a tenant to a landlord, with your platform optionally taking a cut out of the transaction.
Since you want the tenant to pay via bank transfer, you'd need to use ACH rather than cards.
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.