Multi Vendor Marketplace Plugin | WCFM Marketplace › Forums › WC Marketplace › transaction FEES
- April 19, 2020 at 2:52 pm #120587karl ohinParticipant
I am looking for some guidance on the transactions fees, as i have yet to find my answer reading through the posts.
I discovered recently i have to get Paypal Payouts activated to make it work – this took me ages to find as it wasnt in a document I could find.
This is my store setup
I dont have stripe split pay activate
I have paypal standard checkout & standard paypal
I have stripe credit card formI have apple and google payVendorI have withdraw setup for paypal and stripe for my vendors
My Questions / Scenarios are
When a customer pays with paypal what are the transaction charges for the vendor and marketplace owner ? ( ignore different countries )
If a sale is done on stripe and the vendor is registered with a paypal address , how is the vendor paid is it via paypal payout and what is the transaction rate ?
if a sale is done on stripe and the vendor is registered with stripe connect ,what is the transaction rate ?
I have checked out STRIPE and PAYPAL and found the following
Stripe has a transaction fee and for the marketplace owner a fee to take the money to the bank.
Paypal has a Payout fee 2% for EUR on the value of the transaction. ALSO this transaction fee money needs to be in the paypal account before the transaction according to paypal.
If anyone running a WCFM store at the moment can help me out trying to understand this i would appreciate it .
- June 8, 2020 at 8:56 pm #139665alberto.tonelloParticipant
Hi karl ohin, I have EXACTLY the same questions: could you get them at last? can you share your experience?
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