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WCFM-Payments Tab

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Viewing 3 reply threads
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    Posts
    • #23930

      Hi,

      I’m just curious what can the vendors do on the Payments tab?
      What are the functionalities of this tab? What does it mean by Withdrawal and transactions?
      I wasn’t able to find any documentation on the functionalities.

      Thanks

    • #23935
      WCFM Forum
      Keymaster

      Hi,

      Thanks for get in touch with us.

      Well, as I understand you are using WC Marketplace as multi-vendor plugin.

      Now, WC Marketplace has a withdrawal request module for vendors, which allow vendors to request payment from their commissions.

      Whenever a commission paid out a transaction generated. Even if for automatic disbursement WC Marketplace generates a transaction.

      You are also allowed to disable Withdrawal for vendors two way –

      1. WCFM admin settings -> Modules -> Withdraw Request
      2. wp-admin -> WCMp -> Settings -> Payment

      You will be more know about this from WC Marketplace documentation, check this for reference – https://wc-marketplace.com/knowledgebase/setting-up-commission-and-other-payments-for-wcmp/

      Please know me if you have any other queries regarding this.

      Thank You

    • #23938

      OK, so for example I set my vendors to get an 80% commissions for every product they sold. That means whenever the customer paid for the product, the vendor can request a withdrawal to me by clicking the withdrawal button is that correct? Then I will receive a notification of some sort letting me know that my vendor is requesting for a withdrawal. Then I can proceed to process the request either by Paypal Payout or manual Bank transfer. Is this correct?

      Thanks

    • #23943
      WCFM Forum
      Keymaster

      Hi,

      Yeah absolutely right.

      You may set some threshold parameters for withdrawal request from WCMp -> Settings -> Payment as well

      Thank You

Viewing 3 reply threads
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