This Setting will ensure that the commission funds are disbursed periodically. Admin can schedule the payment disbursal by “Schedule interval” such as every 7 days, 15 days, 30 days etc from the dropdown.
Similar to manual withdrawal, admin can select the order statues which are to be permitted for withdrawal by the vendors as well from the options here:
However, the entire mechanism of periodic withdrawal is automated and the payment is disbursed to the vendors as per the time schedule set.
WCFM provides flexible modes for withdrawal and this serves as the most important criteria for withdrawal disbursal. Following modes are allowed by WCFM currently:
i) Manual Withdrawal
ii) Periodic Withdrawal
iii) By order Status
One can select the mode from the drop-down available here: WCFM Admin Dashboard >> Settings >> Withdrawal settings.
Commission disbursal is one of the most important features for any multi-vendor site and WCFM Marketplace allows this by withdrawal mode wherein vendor has to request for payment and you ( or admin) can process the funds accordingly.