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by kevinr
3319 days ago
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tav, have you looked at Stripe's Connect product (https://stripe.com/connect)? Stripe already is a payments company, and Connect is built to let you use it somewhat like your own payments company, to pay others. Lyft uses it to pay its drivers for example, who also tend to be distributed and dynamic. (Disclaimer: I work for Stripe, as of like last week. :) |
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* Most developers didn't want to handle matters like global VAT reporting individually, so ideally the money would flow through a central entity which took care of that for them so that they only have to deal with a single source of income.
* The need to support ad-hoc transfer of funds between standalone accounts when maintainers approved transfers to other developers they are collaborating with.
Stripe Connect with managed accounts helps to solve some of these issues, e.g. by creating charges on the platform account and then creating individual transfers to connected accounts. But according to https://stripe.com/docs/connect/charges-transfers:
"This approach is only fully supported when both your platform and the connected account are in the U.S. If your platform or the connected account is outside of the U.S., you can only use this approach for less than 10% of your total volume."
So, is there some other method that's available? Because right now, I'm looking at handling the payouts myself and using Stripe to handle just the incoming payment processing. And it'd be great to use Stripe for both instead!
(P.S. Congrats on the new job!)