Paypout process question

[justin.doerre]

Hello,

i’m currently setting up my first online marketplace. I have a question regarding to the payout process for the vendor.
Im not really sure how different payment methods work together.

If a customer purchases a item (digital only) and pay via credit card par example. The money will arrive at my stripe account.

1. Is it now possible for the user to request the payout via paypal or bank transfer? Or does he need a stripe account for payout?
More concrete: Does the vendor need to have the payment method with which the user purchased the item?

2. Do the vendor has to request the money for each order or can i “collect” it in some kind of an total account balance and send the money once to him?

Thanks
Justin

[WCFM Forum]

Hi,

1. Is it now possible for the user to request the payout via paypal or bank transfer? Or does he need a stripe account for payout?
More concrete: Does the vendor need to have the payment method with which the user purchased the item?

– Vendor payout gateways are different than customer payment option. You have to enable vendor payout payment gateways from WCFM Admin Setting -> Payment Setting
Vendor may choose their preferred payment option form their setting panel. Check this for setup – https://docs.wclovers.com/vendor-payment/
Stripe is not essential.

2. Do the vendor has to request the money for each order or can i “collect” it in some kind of an total account balance and send the money once to him?
– Vendor may request for withdrawal multiple orders at a time and you may process those as a whole.
Check this for withdrawal setup – https://docs.wclovers.com/withdrawal/

Thank You

[Author]

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