Yes, that was actually the original plan. It all seemed so easy! Let developers connect their standalone Stripe accounts and have sponsors pay directly into those accounts. But this proved problematic for a few reasons, e.g.
* 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!
tav, I'm sorry for my delay getting back to you. I just sent you an email at your profile address to introduce you to someone on our New Business team, who may be able to help.
Open source funding is a cause near and dear to my heart, and I hope something is able to work out.
* 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!)