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    Multivendor Marketplace App for Shopify- Payment Flow

    Multivendor Marketplace app for Shopify app is a great tool to convert your shop into a fully functioning marketplace.

    This user manual perfectly guides you to understand the payment flow in Multivendor Marketplace app for Shopify from setting up the payment methods to sending the payments to your sellers.

    So in Multivendor Marketplace app for Shopify, the flow of payment goes like this:-

    By default, Admin receives the complete amount of order paid by buyer/customer and then admin transfers it to the seller after deducting his/her commission.

    Admin can pay to sellers/vendors by four payment methods in the multivendor app in which two payment methods are online and two payment methods are offline.

    Online Payment Methods:-

    By these payment methods, admin can pay to sellers online through the app. Both admin and sellers must have a business PayPal account.

    • PayPal
    • PayFast

    Offline Payment Methods:- 

    Admin can use these payment methods offline and can just track the amount in the app and can have a record the way you pay the seller.

    • Internet Banking
    • Bank Wire Transfer

    Now, let’s understand its workflow:-

    WORKFLOW

    Payment Methods Setup:-

    Firstly admin needs to set up the payment methods for the payment to the sellers from the admin panel of the Multivendor app.

    Admin end of Multivendor app->> Configuration->> Payment Configuration->> Configure the payment methods from here >> Save

    Now the same payment methods will be available at seller end and seller can choose the payment methods from which he wants to be paid from admin.

    Seller end of Multivendor app->> Profile->> Payment details->> Here choose any payment method from drop-down menu->> Save

    Payment Methods added by the sellers from their respective panels can be edited/changed by the admin from his panel.

    Steps using which admin can change the Seller’s Payment Methods:

    Multivendor Admin Panel>>Sellers>>Select the Seller whose Payment method needs to be changed>>Click on the “Edit” button in Action menu.

    Now, Click on “Seller Payment Details” from drop down (More Action menu)>>Edit/change/add seller’s payment method>>Save.

    This way admin can update Seller’s Payment Methods from his end.

    HOW ADMIN PAYS TO SELLERS

    Now to pay to sellers admin needs to visit the “Seller Payments” section under the “payment” menu in the admin panel of multivendor marketplace app

    Admin Panel of Multivendor app->> Payment->> Seller Payments->> Click on “View” in front of seller ID->> Select Payment resource (Click PayPal/PayFast if you want to pay online through the app or Click Manual(in case of offline payment) if you want to make a record that you have paid to seller ->> Now enter the amount->> Pay to seller

    This way admin/merchant can pay to the sellers/vendors.

    How to Manage Payments in the Case of COD?

    In case the order amount is paid via COD or the payment status is in the “Pending” state, You can choose whether you want to receive the order payment by yourself or you want your sellers to receive the order amount.

    You can visit the “Payment Configuration” menu of the app and configure the settings accordingly.

    Click the Save button.

    By default, the configuration is set to “Payment Received by Admin” but in case the admin wants the seller to receive the total order amount then, this can be done with this configuration.

    This is mainly the case when the customer has paid for the order via COD.

    From the Seller Payment section of the Multi-vendor admin panel, you can view your commission, the seller’s earning & total due amount (amount to be paid to the seller).

    There will be two cases here:-

    Case 1. The total due amount is Positive.

    Suppose $300 USD i.e You need to pay $300 USD to the Seller.

    Once an order amount $100 is paid via COD and the seller will receive the complete order amount as per the admin’s configuration.

    In this case, the total due amount reflected on the admin side will be $200 USD i.e previous total due amount ($300 USD) current order amount received by the seller via COD ($100 USD).

    Clicking the View button, admin can pay the due amount to the seller.

    So, this is the simple case when you can simply pay the due amount to the seller.

    The seller can view the transactions in the “Order Payment” section of his/her seller panel.

    Case 2. The total due amount is Negative.

    Suppose it’s -$300 USD i.e Seller needs pay $300 USD to the admin.

    This is the case when the seller has received most of the payment via COD payment method. Thus, the seller needs to pay the admin’s share (as Seller has received the complete order amount received via COD).

    So, if the total due amount is negative then, the seller will get the option to pay to the admin from his/her seller panel.

    The seller can follow this procedure to Pay to the admin:

    Go to Multi-vendor Seller Panel>>Visit Order menu>>Click Order Payment from the drop-down menu>>Click the Pay to Admin button.

    From the Seller Payment section of the app, admin can view the complete details of all the transactions that take place.

    AUTOMATIC PAYMENT TO SELLER

    If you as an admin want to pay to the seller automatically then you can check this feature apps name “Stripe Connect”  in which once the customer pays the amount for the order, the amount will go to respective seller account as well as admin account automatically as per the share configured on the basis of commission. Please refer the user manuals below:-

    Stripe Connect:- https://webkul.com/blog/shopify-multi-vendor-marketplace-stripe-connect-integration/

    PAYPAL PAYOUT: AUTOPAY TO SELLERS

     In case you want to pay out the seller’s earnings automatically just after seller fulfills/deliver the orders then you can use “PayPal Payout”.

    In this, the admin receives the complete order amount and when seller fulfills/delivers the order then seller’s earnings will automatically payout to sellers after deducting the commission.

    For complete details, do refer to this blog: PayPal PayOut

    Note: PayPal Payout also works for batch payments & orders with multiple seller products. In this case, the Seller earning will go to respective Seller accounts.

    SUPPORT

    Furthermore, if you need any kind of support/Consultancy then please raise a ticket at http://webkul.uvdesk.com/ or drop a mail at shopify@webkul.com

    Thanks for reading this blog!!! 🙂

    . . .

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