but here, its explained that we can transfer money to third party user accounts
my requirement is, from my appplication, user can put items for sale and others can buy it.. The application will ask the buyer to login to stripe and I will get access token and I need to transfer that money to recipient. Recipient may not be having stripe account. At the time of registration the application is storing his bank details.. So, how can I transfer the amount to recipient ?
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hope this type of transfer is possible with stripe.. please help me.. I got stuck with this for last 1 week and I didn't get any reply from stackoverflow or support@stripe.com
My requirement is, from my application I want my user to transfer the amount to another user of my application. Assume that both user have stripe account. I have gone through stripe docs, and I understood that in order to do transfer from one user account to another I need to use stripe connect. I could able to do authentication and I'm getting access token successfully for the sender. How can I make a transfer to a recipient ? I hav
Woet
okay
march 1st was a saturday
so they will reply somewhere today
probably in a few hours when it's monday morning/noon
your user needs to sign up through stripe connet
and then you have to use their token on the creditcard payment
ok.. but no where I have seen transfering money to a stripe account..
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Woet
as mentioned a few times now
you don't transfer money to their stripe account
you process payments on their behalf
the money goes straight to their account - it never gets to your account, you don't have to transfer anything.
Anoop_
that I am clear.. my doubt is should the recipient also have a stripe account ?
but no where I have seen transferring money from a stripe account to another stripe account..
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kai_
Hi, I got a question about stripe subscription, if there are multiple subscriptions for one customer, only default card can be used to charge for those subscription? could it be possible that one card for one subscription? coz, user may want to use different credit card for different subscriptions. Thanks
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Woet
Anoop_: why do you keep repeating your question?
i've literally told you about 5 times now, you cannot and do not send money from a stripe account to another
kai_: yes, you can add new cards to the customer and then specify that specific card when creating a subscription
Stripe submits transfers every day, but most banks will only process the transfer on business days. This means that if Stripe sent you money on a holiday or a weekend, you will probably see the money in your bank the next day your bank is open. For transfers sent on business days, you should see the money for it by the next day.
redditor_
For transfers sent on business days, you should see the money for it by the next day.
Woet
yes
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redditor_
ok Woet sorry for sounding extreme Layman
Woet
you don't :)
redditor_
so stripe paid out our transfer today
Woet
so it should be there tomorrow
redditor_
yes i know
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but from experience do you recieve next day, when they tranfer to you today
personal expierence with stripe
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Woet?
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Woet
i don't do finance so i have no idea to be honest
if their site says so i assume it's reliable information.
redditor_
oh isee , your not a customer of stripe?#
Woet
i am
i just don't handle finance.
so i don't know when money actually comes in
redditor_
ok they transfered to us today nothing yet
since it says 7 days
am just wondering you see as today is day 7
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thier statement where it says "transfers sent on business days, you should see the money for it by the next day."
is contradicting with, 7 days, this is a total of 8 days
Woet
it doesn't contradict
payments made on Monday get transferred to you the next Monday
redditor_
It does, they should transfer on day 6, for bank deposit day 7
Woet
i'm not sure why they should do that
the 7 day period is there for chargebacks
redditor_
monday payment transfered to u will be recieved next monday
Woet
if your bank processes payments the same day then that would be the case
if your bank takes 1 business day then that won't be the case
not really up to Stripe how long your bank takes
redditor_
they should say transfer will be initiated following monday
for delivery tuesday
Woet
well the information is clear for me
redditor_
i suppose first time using them
Woet
payments received on monday get transferred to you on monday
and how long it takes until it actually shows up in your account is up to your bank
redditor_
am with you
thats much better layman english to understand
Woet
my personal bank processes payments on the same business day
if it's sent before 10 pm
redditor_
yeah different regulations, i think this will be recieved tomorrow