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Setting up – Vendor Commission and Payments for WCMp

The Payment tab lets you control all payment related settings of your site.

Following are the main set of settings in this tab:

  1. Revenue sharing mode: (Vendor commission or Admin fees).
  2. Payment calculation mode: (Fixed amount and/or percentage amount).
  3. Disbursal mode: (Automatic disbursal or Withdrawal by request).

You can also set a whole range of other payment related settings, which have been explained in details in this document.

Revenue sharing mode – Vendor Commission Vs Admin Fees

Vendor Commission is what you, the site admin, pay the vendor. Admin Fees is what you, the site admin, charge.

You can choose any one of the above as your revenue sharing structure in your site.

Some examples of Admin Fees mode

  • You charge a fixed sum of $5(per unit) plus 10% of the transaction value from each sale and pay rest to the vendor.
  • You charge a fixed sum of $5 (per transaction) plus 10% of the transaction value and pay rest to the vendor.
  • You charge a fixed sum of $5(per unit) and pay rest to the vendor.
  • You charge 10% of the transaction value as your admin fees.

Some examples of Vendor Commission

  • You pay the vendor 75% of the transaction value.
  • You pay the vendor $22 per unit sold.
  • You pay the vendor $22(per unit sold) plus 75% of the transaction value.
  • You pay the vendor $22 per transaction plus 75% of the transaction value.

Payment calculation mode: (Fixed amount and/or percentage amount)

WCMp supports the following types of calculations:

  1. Percentage of transaction/sale value.
  2. Fixed amount per unit.
  3. Percentage of the transaction/sale value + a fixed amount per transaction.
  4. Percentage of the transaction/sale value + a fixed amount per unit.

Note: These calculations are available for both the revenue sharing mode.

typecommission

 

Disbursal mode: (Automatic disbursal or Withdrawal by request)

As the site admin, you can choose to disburse accumulated commissions automatically, or allow vendors to request withdrawals. To select your option, go to WooCommerce>WCMp>Payments.

Select your preferred mode from the dropdown menu at “Disbursement mode”. Click on “save” button after the you have selected your choice.

disbursal mode

 

Automatic Disbursal Settings – Others

Activate MassPay

– Mark it checked. Set schedule – Select the frequency at which you wish to disburse the payable amount.

masspay

 

Withdrawal by request settings – others

When you select this option, a new page is created in the Vendor dashboard where vendors can select from a list of unpaid commissions(of completed orders) and request a withdrawal. That means, the requested amount has to be sum of all or few of the unpaid commissions, and not any random figure. The vendor can choose among PayPal MassPay, Stripe (available through a paid-on) or bank transfer.

For PayPal MassPay or Stripe, the payment is released automatically. In case of “bank transfer”, all details are mailed to the site admin, and the site admin has to manually transfer the payment.

Note: There is NO automatic payment for “bank transfer”.

Transaction limits and Charges

Transaction limits and charges are triggered ONLY when you choose “Withdrawal by request” mode. You can choose to allow unlimited withdrawals free of cost, or charge a fixed amount per withdrawal request after the vendor has exhausted the free quota of free withdrawals. To enable this feature, go to

WooCommerce>WCMp>Payment.

Enter the number of free withdrawals you want to permit in “Number of free withdrawals”. If you leave this blank, there will be no withdrawal charges whatsoever. Enter the amount you want to charge per withdrawal (after the quota of free withdrawals is over) in “Withdrawal charges”

 

withdrawal charges

 

Coupons, Taxes and Shipping charges

To pass on the shipping charges and taxes collected from a sale to a vendor, mark the corresponding boxes ticked.

shipping

You may choose to share the “cost” of a coupon with the vendor, or shoulder it all by yourself. To share the cost of a coupon, mark the following field checked

couponcost

 

Example: A product that costs $100, with the vendor commission set at 70% and a coupon that gives a discount of 20%. In the case you choose NOT to share the cost of the coupon, the vendor will be $70, and you will get $10, as the $20 discount will be deducted from your share. In case you share the cost of the coupon, the corresponding calculation will be as follows: Net revenue after deducting the discount – $80. The vendor will get 70% of $80, that is $56 and you get the rest $14.

 

PayPal MassPay API settings

In order to integrate PayPal MassPay functionality into the website, Application programming interfaces (API) are used.

Setting up PayPal MassPay

The user must have a valid PayPal MassPay id to facilitate the payment process. On obtaining the PayPal id, go to Users> all users

Select a user and click on edit.

edit vendornew

Enter the PayPal MassPay email id.

paypal email

 

Setting up PayPal MassPay API

Obtain your PayPal MassPay API credentials from PayPal.

Go to: Woocommerce> WCMp> Payments

Scroll down and enter the API details – API username, password and signature.

paypal api

 

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