This article describes the benefits of new add-on of Marketplace Module ie; Marketplace Mass PayPal Payment For Magento 2.
Mass Payouts is an online facility that allows businesses to make payments to multiple individuals instead of doing it for particular individuals. Similarly, this module Marketplace Mass PayPal Payment For Magento 2 allows the admin to easily make the seller’s payouts using the mass PayPal payment option. This enables the admin to make hundreds of payments in a short span of time. This Module saves on:
- Time – as admin can do a mass PayPal Payment to 250 sellers in one attempt.
- Possible Errors – admin and seller can save their details.
- Allow business to provide better service to their customers.
- Payment convenience – short and hassle free payment process.
- Security – require no financial details.
Admin can easily configure the Seller Mass Payment once, the admin is done with the installation part. For this, the admin needs to navigate through the Stores>Configuration>Webkul>Marketplace>Seller Mass Payment Configuration.
Here, admin will
- Select the Sandbox mode as Yes(Testing Mode) or No(Production Mode).
- Feed the Merchant PayPal Id(Which will be used to send the payout to the sellers).
- Entering the PayPal Application Id, PayPal API User Name, PayPal API Password and the PayPal API Signature.
The admin can receive the App Id, Username, Password and Signature via your PayPal account. As this Marketplace Module supports PayPal payment only.
A seller also can configure his details from his seller panel. After installation, the seller will get ‘Manage PayPal Details’ option under ‘Marketplace block’.
Mass Seller Payouts
This module provides an innovative payment solution to help admin to disburse payments online to sellers. The admin can at a time make the payout to a maximum of 250 sellers which is an absolute advantage.
So, to make mass seller payout the admin will navigate to Marketplace>Manage Sellers.
Here, the admin can select the multiple sellers from the list and the PayPal mass payment option.
This module allows fund transfer to as many people as users want up to 250 without hassle. It is a fast, secure and convenient way to send funds to a large number of individuals. This helps in growing business with transparency, integrity, and simplicity.
Payout Transaction Details
This module also helps users by giving a quick view of the transactions through a list. The admin can check to whom he has made payments by navigating to Marketplace Management>Sellers Transactions.
Even sellers also can check the payout made by the admin by navigating to ‘My Transaction List’ menu option under the ‘Marketplace block’.
The seller can have a detailed view of the payout information by clicking on the ‘view’ link.
Marketplace Mass PayPal Payment For Magento 2 offers:
- Send payments to many recipients at once.
- Faster and easier than writing checks.
- Recipients get paid quickly online.
- Track payments easily.