Stripe connect: how to keep funds more than 90 days?

Question

I'm developing and application with stripe connect. It's required that an user S can send funds to a stripe connect managed account user MA. It's necessary that those funds remain in the MA Stripe account for more than 90 days, but the documentation says that this is not possible: Stripe documentation

Am I missing something? Is the only possible solution to have user S send funds to the App bank account via Stripe and then when necessary transfer those funds to the MA stripe account? Because I think this is not a clear approach. Thank you

score 1 · Answer 1 · answered Sep 18 '18 at 21:49

I've spoken with stripe support about this.

Because separate charges and transfers are not available in some countries, another method would be to check if the date is greater than 90 days. If it is than you do not charge the card. Instead, you save the card. Then using some kind of scheduled cron job, charge the card in the future when it is less than 90 days from payout. Use manual payout to payout the funds within the 90 day limit.

Hope this helps

score 0 · Accepted Answer · answered Jun 17 '17 at 15:56

0

Yes, I was missing something. For you guys in the far future, this is how you do it: Stripe Transfers

answered Jun 17 '17 at 15:56

Azephiar

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But then are the money marked as yours until you transfer those to the users account? – Jonatan Lundqvist Medén Sep 28 '17 at 14:24

Stripe connect: how to keep funds more than 90 days?

2 Answers2