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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.

jose
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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.

Ywain
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  • That worked - Thanks! Here's what I did - I created a customer on my Connected Platform and I added a Connected Account (both with bank accounts attached) then from the connected platform I ran: `\Stripe\Charge::create(array( 'amount' => 1000, 'currency' => 'usd', 'customer' => 'cus_9FCdtsYODtW0p8', 'destination' => 'acct_18vzqgLENUxVxWkk' )); ` – jose Sep 23 '16 at 01:45