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Marketplace Vendor Recurring Payments in Magento® with Paypal

Marketplace Vendor Recurring Payments in Magento® with Paypal


Sam here from Creativeminds. The Multi-Vendor
Marketplace Extension just got even better. With the new PayPal integration add-on, store
managers can pay vendors automatically through PayPal. Saving you time and hassle. Set up
couldn’t be simpler. Store managers just add their PayPal email address to their supplier
profile and the account will automatically link with the marketplace system. Let’s take
look. After installing the add-on, navigate to system,
configuration, where you will find new configurations for PayPal. The admin can choose one of three
payment options. The admin can choose to manually pay vendors or the admin can choose to pay
vendors when the order is created. This means that a payment based on the defined commission
fee is automatically sent to the vendor’s PayPal account upon order creation. Finally,
the admin can choose to pay a vendor when the order status changes to complete. This
means that after the order has shipped and been invoiced the payment with admin fees
deduced is automatically sent to the vendor’s PayPal account. To pay a vendor manually,
admin’s can go to the billing table, where all payments, whether pending, processing
or complete or listed. You can click a vendor and click the pay vendor button. This will
result in the transfer of all pending payments to that specified vendor. Also on the billing
report, admins can see how much payment is due to vendors for particular orders. Red
means that payment is still due and green means that the payment is complete. If you
click on this column you can enter an amount and date of a payment to the vendor. Which
will transfer directly to the vendor’s PayPal account. So in order to connect supplier PayPal accounts
with the marketplace system, suppliers can easily navigate on their supplier dashboard
to settings and then my profile page. And here, along with their other profile info,
they’ll find a field called PayPal email and all they have to do is enter the email address
associated wit their PayPal account and it will be automatically linked to the marketplace
system. As you can see the PayPal Integration Add-on
for the Multi-Vendor Marketplace Extension makes it easier and faster to pay your vendors.
Visit cminds.com to download the add-on today.

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