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PayPal Fee Question

WCMp Vendor Membership

PayPal Fee Question Resolved

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    • #9869
      Anonymous
      Inactive

      I’m trying to figure out how to price a marketplace.

      Let’s say one buyer purchases (1) unique $25.00 product from 4 different vendors (4 Products A,B,C,D from 4 Vendors A,B,C,D) = $100 total order.

      Paypal charges 2.9% + .30 in the U.S.

      Who pays the PayPal fee? For example:

      1) Admin pays the full cost = $3.20 for the full order
      2) Automatically divided among the 4 vendors = $0.80 per vendor
      3) Each vendor pays 2.9% +.30 for each product they sell = $25 x 2.9% (.725) + .30 = $1.025 per vendor

      Thank you

    • #9916
      WCMp Admin
      Keymaster

      @pstore
      As per our flow, all the payment goes to admin only. Then Admin should pay to all the vendors. So in our current flow, all the PayPal commission comes from the marketplace owner only.

      Means, this case – 1) Admin pays the full cost = $3.20 for the full order

      But in our future release, we will implement this feature – “Payment gateway charges”. Where Admin can define the percentage of each payment gateway. And this cost will be deducted from all the stakeholders as per their proportion.

      Let us know if you have any further query.

    • #10078
      WCMp Admin
      Keymaster

      @pstore I presume my last solution has helped you with your query.

      With this hope, I am marking this topic as “resolved”. If you face any other issue please let us know by opening another thread.

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