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Stripe split payments

Stripe split payments2019-03-26T10:40:46-05:00

Home Support Forum WCMp Stripe Marketplace Stripe split payments

WCMp Stripe Marketplace

Stripe split payments Resolved

  • Author
    Posts
  • alex
    Participant
    Post count: 49

    Dear support team,

    We have WCMP and Stripe installed. We have linked our existing Stripe account.

    Maybe some silly questions, but just so that we understand it correctly:

    1. Do all vendors need to have a vendor account in order to receive split payments?

    2. When vendors do have a Stripe account, the split payments will be carried out automatically? Or do we need to change a setting?

    3. When vendors do not have a Stripe account, will in that case the entire payment go to our Stripe account?

    4. There are some other payment providers that offer split payments, like Bluesnap and Nummuspay. Can we use these providers together with WCMP for split payments?

    Many thanks for your help,
    Alex

  • alex
    Participant
    Post count: 49

    Hi Moumita, perhaps this question escaped your attention?
    I am just peeking around the corner 😉
    Thanks!
    Alex

  • NerdySupportExpert Moumita
    Keymaster
    Post count: 3864

    @alex, sorry for the delayed response.

    Our replies are inline :
    1. Do all vendors need to have a vendor account in order to receive split payments?

    >> Yes, because our plugin will only send vendor the commission.

    2. When vendors do have a Stripe account, the split payments will be carried out automatically? Or do we need to change a setting?

    >> If you are using WCMp Stripe Marketplace plugin, then vendor will be paid automatically from checkout page directly.

    3. When vendors do not have a Stripe account, will in that case the entire payment go to our Stripe account?

    >> Yes, if vendor doesn’t have stripe account, then admin will get the whole money.

    let us know if you have any further query.

    4. There are some other payment providers that offer split payments, like Bluesnap and Nummuspay. Can we use these providers together with WCMP for split payments?

    >> You can use them, but you need to make them compatible with WC Marketplace, so the vendor can receive the money automatically.

    Let us know if you have any further query.

  • alex
    Participant
    Post count: 49

    Thank you very much Moumita!

    >> If you are using WCMp Stripe Marketplace plugin, then vendor will be paid automatically from checkout page directly.

    In the forums and documentation we found different message about the WCMp Stripe Marketplace plugin:
    – some state that the plugin needs to be installed for split payments
    – others state that split payments is already built in WCMp and just needs to be enbled through the settings.

    Please see for example: https://wordpress.org/plugins/marketplace-stripe-gateway/
    “No need to install Marketplace Stripe Gateway plugin separately. Marketplace Stripe is now merged with WC Marketplace core from version 3.1.0.”

    I hope you can shed some light on this?
    Many thanks,
    Alex

  • NerdySupportExpert Moumita
    Keymaster
    Post count: 3864

    Alex, we have included the Marketplace Stripe Gateway in WC Marketplace. But, the default flow of WC Marketplace only handles the payment from admin to the vendor. Hence WooCommerce handles the payment from the customer to admin, therefore admin will get the whole amount.

    Now as per WCMp Schedule and payment mode (see this screenshot – https://prnt.sc/m7tciu), the vendor will get their part of the commission.

    If you want the vendor to get paid directly when the customer pays for the order, then you may use WCMp Stripe Marketplace (https://wc-marketplace.com/product/wcmp-stripe-marketplace/). Hence, admin and vendor will get their part of the money instantly from the checkout page.

  • alex
    Participant
    Post count: 49

    All clear now, the ‘marketplace’ labels were confusing us, but now we understand it: there is Marketplace Stripe and there is Stripe Marketplace and there is a difference 🙂

    Thank you so much for enlightening us!
    Cheers,
    Alex

  • NerdySupportExpert Moumita
    Keymaster
    Post count: 3864

    We are happy to help @alex

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