Public Ticket #3398709

Is Buyer can pay directly to seller wallets in online payment systems?

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1 Ticket

v0van started the conversation 3 years ago on June 22, 2023 at 7:24pm

Hello!

I want to create several small online stores on 1 domain.

- - -

I need to:

+ the seller can specify their wallets for online payment in different payment systems.

+ the buyer could pay directly to the seller's wallets in online payment systems.

+ online payment systems made it possible to connect several wallets of different sellers for one marketplace domain.

I'm not sure if marketplace plugins have this.

Does your plugin MarketKing https://wordpress.org/plugins/marketking-multivendor-marketplace-for-woocommerce/ have this feature?

- - -

Why is that:

Typically, marketplaces accept payment to their account and pay the seller after the buyer accepts the goods. I am not a company and therefore I cannot work as a marketplace on a par with Amazon, control all payments and deliveries.

Therefore, I need payment at all without the mediation of my marketplace site. While I'm getting promoted, I'll have few sellers, and I don't want to open a company account to accept and transfer money. A monthly subscription fee from each small online store will suit me.

2,762

KingsPlugins replied 3 years ago on June 22, 2023 at 8:36pm

Hi there,

Thank you for getting in touch!

Currently in our plugin this is only possible using the Stripe gateway: https://marketkingplugin.com/docs/marketking-stripe-connect-automatic-split-payments-refunds-3d-secure-2-stripe-integration/

It would be needed for you (the admin) and for each vendor to open a Stripe account. Then it would be possible for payments to be split automatically, everyone receiving their share of the money / commission automatically.

It is not currently possible with other payment options.

Let me know if I can help with anything, or if you have any questions,

Kind regards,

Stefan

1 Ticket

v0van replied 3 years ago on June 22, 2023 at 9:22pm

Thanks, I understand it posible!

The Stripe plugin for WooCommerce is free. So?

WooCommerce Stripe Payment Gateway - https://wordpress.org/plugins/woocommerce-gateway-stripe/ ?

Can I use Stripe with the free version of MarketKing?

do I have to pay to connect Stripe to an online store? - probably this - Recurring pricing models - https://stripe.com/docs/products-prices/pricing-models

Do I need any documents for stripe (to register a company)?

If you know, can you provide a link?

what is the percentage for stripe services? - I haven't found it yet. very big help - https://stripe.com/docs .

2,762

KingsPlugins replied 3 years ago on June 22, 2023 at 9:56pm

Stripe is available to vendors in the 46 countries here: https://stripe.com/en-gb-ro/global - you and your vendors would need to be based there or have a company there.

Our MarketKing plugin includes a Stripe module, you do not need any other Stripe plugin. This is part of MarketKing Pro, so only MarketKing Pro will work.

There is no fee to connect the store - but there is a fee per transaction, around 3% of each transaction. You can choose who pays the fee: the website admin or the vendor.

You would need to go through their registration process and submit any necessary documents, via this link: https://dashboard.stripe.com/register/connect