User Guide For Seller Payout in Multivendor App for Wix

Multivendor App for Wix, when the orders will be placed for the seller’s product all the payments will be received by the store admin first.

After that store admin can transfer the payment to the sellers through PayPal.

Before the final payout to the seller through PayPal, the seller’s plan charge and the admin’s commission will get deducted, and then the remaining payment will get transferred to the seller.

General :

• • In general settings, the admin needs to set the details of the Paypal for the payout system i.e., Client id, and Secret Key, and also needs to set the mode of the payment as a sandbox or live.

• • Admin can enable auto-payment to the seller option so that the payments will be transferred automatically to the seller’s PayPal account for their orders.

Note – The auto payout works on behalf of order status only, so while setting up the payout system admin needs to set an order status on which the admin wants to transfer the payment automatically to the sellers.

As soon as the admin will change the order status to the particular status from the order section of Wix end the payment will get transferred to the sellers automatically.

After all the settings, click on save to save the settings.

In the second case, if the admin does not wants to automatically transfer the amount.

Then the admin needs to select “No”, and in that case, the admin needs to transfer the account from the manage seller commission section by clicking Pay Now Button as shown in below screenshots –

Screenshot for the second case –

How to get the client id and secret key –

To get these credentials, go to your Paypal account dashboard. Now click on My Apps & credentials, here you will get the client id and secret key for both sandbox and live mode as shown below –

To create the credentials, click on Create the app as shown below and enter the required details.

Accounting:
From the accounting section, in the case of manual payment to the seller, an admin can create a “Payout” to send the amount (after deducting his commission) to the seller for the sale of his product. After completing “Payout” an admin can change the status to “Approved”. Here you can find total sales, commission, total payout, and total withdrawal.

Note – The payout is only created if the admin is paying manually to the sellers.

Because if the admin will create a payout or if the vendor creates a withdrawal and the admin approves it then the application will consider that payout to the seller has been made manually by the admin, not through the application so it will reflect the remaining payment only.

The accounting section manages the details of transactions done between the admin and seller. In summary, the admin can view the overall accounting between the admin and the seller.

• • Total Sale: This is the total amount of the sale done on the admin’s store.

• • Commission: This is the total approved amount of the commission, that admin gets from sellers.

• • Total payout: This is the total amount an admin can transfer to a seller, after deducting his own commission.

• • Total Withdraw: This is the total amount that a seller requests an admin to pay after an order is completed.

Seller Commission:

In Seller Control >> Seller Commission, the admin will find all the seller commissions which he needs to pay to the seller in the seller commission tab, the admin needs to click on the pay now button to pay the seller through Paypal as shown below –

If the admin wants to enable the automatic payout system to pay the sellers then the admin can enable auto-payment to the seller.

So that the payments will be transferred automatically to the seller’s PayPal account for their orders.

Note – The seller commission will be created after deducting the admin’s commission and the seller plan fee. And the seller commission will include approved and payment failed entries only from accounting.

Payout Transactions:

The payout transactions include all the transactions made for the seller’s payout.

In Seller dashboard under settings, the vendor can add the email address of their PayPal account in which they want to receive their amount from the admin as shown –

I hope this blog will help you to understand the complete process involved in the setup of seller payout settings, If in case you have any queries please generate a ticket https://webkul.uvdesk.com