CODEWITHSUNDEEP
stripe-connect
Nunu Yoo
Nunu Yoo

Reputation: 51

Stripe connect calculate application fee with a fixed fee in different currency

In my application users can connect their stripe account. Then for each transaction in connected account, the application fee is taking as 3% plus a fixed fee $1 of charge amount. ie 3% + 1$.

When a customer get charged, 

Charge amount : $10
Application fee : 3% of 10 + $1
Here the application fee is calculated as (10*3/100) + 1  ie
$1.3



$charge = \Stripe\Charge::create(array(
   "amount" => 1000,
   "currency" => "usd",
   "source" => "tok_visa",
   "application_fee" => 130,
 ), array("stripe_account" => "{CONNECTED_STRIPE_ACCOUNT_ID}"));*

The above will works well for usd. But for currency other than usd say for eg gbp , the correct value for application fee is $1.39

ie 10 gbp = 13.05 usd So fee = (13.05*3/100) + 1$ = $1.39

Here the fixed fee is in usd. So 3% should be calculated from the converted amount (gbp to usd) and then add the fixed fee of $1.

How can I set the correct application fee in this case?

Please advise.

Upvotes: 0

Views: 849

Answers (1)

dgolman
dgolman

Reputation: 196

Stripe has nice documentation explaining your use case in the following section.

https://stripe.com/docs/connect/currencies#converting-balances

Also, check out there "example scenario" section.

https://stripe.com/docs/connect/currencies#example-scenarios

Upvotes: 0

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