Vendor Payment

1.Payment Overview #

Vendor payment gateways are most essential component for vendor commission payout. Vendors are allowed to withdrawal their commission via these payment options.

Vendor payment options –

  • PayPal
  • Stripe
  • Stripe Split Pay
  • Skrill
  • Bank Transfer
  • Cash Pay

You may setup this from WCFM Admin Setting -> Payment Setting Tab

Admin may enable any of these payment options, and Vendor may set any of these as their preferred withdrawal payment method.

Yes No

2.Electronic Payment Methods #

Electronic payment options are allowed you to transfer payment from Admin account to vendors’ account via online transfer (using API)

Electronic payment options –

  • PayPal
  • Stripe
  • Stripe Split Pay
Yes No

2.1.PayPal #

Enable PayPal from payment list and hence you will see PayPal configuration fields –

You may enable “Test Mode” for testing purpose.

Yes No

2.1.1.PayPal Account Setup #

Read this know how you may get PayPal client ID and Secret Key – https://www.appypie.com/faqs/how-to-obtain-api-client-id-and-secret-key-within-your-paypal-account

Yes No

2.1.2.Vendor PayPal Connect #

Vendors will have PayPal account connect option at their Store Manager -> Setting -> Payment -> Preferred Payment Method 

Yes No

2.2.Stripe #

Enable Stripe from payment list and hence you will see Stripe configuration fields –

You may enable “Test Mode” for testing purpose.

Yes No

2.2.1.Stripe Account Setup #

Sign up or Log in

At first, you have to visit stripe.com and sign up. Follow their verification process. If you already have a Stripe Account, just sign in.

Generate (Test and Live) API Keys

You will find your dashboard after log-in. Now click on the API option from the left menu.

You will find the Secret and Publishable Keys for both Test and Live. Copy and paste the keys to the credential fields. If you are testing, use the Test credentials. For live transactions, use the live credentials.

Connect Your Marketplace and Get the Client ID

Now, you have already entered the API Keys and the only thing required is the Client ID for live transaction or Test Client ID for Testing.

Click on Connect from left Menu. Now, click on the Platform Settings. Enter the following details-

  • Name of your Marketplace
  • URL
  • Logo and Icon (if any)
  • Redirect URL(s) (You have to set two URLs here –  WCFM Dashboard page setting URL and for Setup Widget https://yourdomain.com?store-setup=yes&step=payment)

Finally, copy the Client ID under the Development section. This is the credential you have to put under the Client ID.

Know more about this from here – https://www.appypie.com/faqs/how-to-get-live-publishable-key-live-secret-key-and-client-id-from-stripe

Yes No

2.2.2.Vendor Stripe Connect #

Vendors will have Stripe account connect option at their Store Manager -> Setting -> Payment -> Preferred Payment Method 

 

On click “Connect with Stripe” button vendor will redirect to Stripe site to connect their account with Admin’s stripe account –

After successful connect vendor will redirect back to their dashboard payment tab and will see connect information.

Vendors may disconnect their account anytime from here as well.

Yes No

2.3.Stripe Split Pay #

Stripe Split Pay is payment option using which you may pay vendors instantly, as soon as customer pay for the order. Total order amount divided into parts – vendor commissions and admin fee. Vendor commissions go into vendor stripe account and rest in admin’s stripe account.

Enable Stripe Split Pay from payment list and hence you will see Stripe configuration fields –

You may enable “Test Mode” for testing purpose.

Stripe has different type of charges/fees for Split payments –

  • Direct Charges
  • Destination Charges
  • Transfer Changes

Know more about charges from here – https://stripe.com/docs/connect/charges

When you are using this payment method you do not require any other Stripe plugin for WooCommerce. It will work as Stripe payment gateway.

This will work as Stripe payment method at WC Checkout.

On successful payment order status change into “Processing”.

Yes No

2.3.1.Stripe Account Setup #

Sign up or Log in

At first, you have to visit stripe.com and sign up. Follow their verification process. If you already have a Stripe Account, just sign in.

Generate (Test and Live) API Keys

You will find your dashboard after log-in. Now click on the API option from the left menu.

You will find the Secret and Publishable Keys for both Test and Live. Copy and paste the keys to the credential fields. If you are testing, use the Test credentials. For live transactions, use the live credentials.

Connect Your Marketplace and Get the Client ID

Now, you have already entered the API Keys and the only thing required is the Client ID for live transaction or Test Client ID for Testing.

Click on Connect from left Menu. Now, click on the Platform Settings. Enter the following details-

  • Name of your Marketplace
  • URL
  • Logo and Icon (if any)
  • Redirect URL(s) (You have to set two URLs here –  WCFM Dashboard page setting URL and for Setup Widget https://yourdomain.com?store-setup=yes&step=payment)

Finally, copy the Client ID under the Development section. This is the credential you have to put under the Client ID.

Know more about this from here – https://www.appypie.com/faqs/how-to-get-live-publishable-key-live-secret-key-and-client-id-from-stripe

Yes No

2.3.2.Vendor Account Connect #

Vendors will have Stripe account connect option at their Store Manager -> Setting -> Payment -> Preferred Payment Method 

 

On click “Connect with Stripe” button vendor will redirect to Stripe site to connect their account with Admin’s stripe account –

After successful connect vendor will redirect back to their dashboard payment tab and will see connect information.

Vendors may disconnect their account anytime from here as well.

Yes No

2.4.Payfast #

To have Payfast payment gateway for your store you will need  the followings along with WCFM Marketplace and WooCommerce:

Yes No

2.4.1.Payfast- Admin setup #

Admin has to enable the payfast gateway from their own dashboard, they can do the same from here: Goto WCFM admin Dashboard-> Settings -> Payment settings-> Check Payfast option.

 

Yes No

2.4.2.Payfast- Vendor Setup #

Vendor’s will have to enter the merchant id of their Payfast gateway and select the preferred payment system as Payfast as shown below:

The above section can be navigated from here: Goto WCFM Vendor dashboard -> Settings -> Payment. Once this is done, the configuration of Payfast gateway is completed and vendors can receive payment using Payfast.

Yes No

2.5.Paystack #

To have Paystack payment gateway for your store you will need  the followings along with WCFM Marketplace and WooCommerce:

Yes No

2.5.1.Paystack- Admin setup #

Admin has to enable the Paystack gateway from their own dashboard, they can do the same from here: Goto WCFM admin Dashboard-> Settings -> Payment settings-> Check Paystack option as shown below.

You will also have to place the Paystack Test secret key and public key as shown in the image above, check how to generate those keys from here

 

Yes No

2.5.2.Paystack- Vendor Setup #

In addition to admin, vendors will also have to configure their payment system accordingly, the vendors can do so from – WCFM Vendor Dashboard -> Settings -> Payments  as shown below:

They will need to fill-up the necessary details and this will ensure that the amount gets paid through Paystack as required.

Yes No

2.6.MangoPay #

For MangoPay payment gateway in your store you will need the followings along with WCFM Marketplace and WooCommerce:

 

Yes No

2.6.1.Mangopay- Admin settings #

Admin has to enable the MangoPay option for his/her store and that can be done from payment settings as shown below from Admin Dashboard.

This will allow the vendors to setup MangoPay settings from their dashboard to accept payments.

 

Yes No

2.6.2.MangoPay- Vendor Settings #

The vendors will also have to configure their Mangopay settings by entering details with few identity proves as shown below. This can be seen under payments option in settings menu of WCFM Vendor dashboard. Here’s a screenshot of the same along with details:

Yes No

3.Manual Payment Methods #

Manual payment methods are for transact payment manually from Admin account to vendors’ account. Here vendors may insert their account details for receiving payment but admin has to pay commission amount manually in vendors’ account.

Manual payment options –

  • Bank Transfer
  • Skrill
  • Cash Pay
Yes No