Vendor Advance Transaction Addon [M2]

Vendor Advance Transaction Add-on allows the admin or shop owner to charge multiple fees on vendor orders apart from commission and shipping fee.The total levied fees will be called as Marketplace Fees which includes : Fixed Fee, Collection Fee & Refund Fee. The fee amount can be decided by admin. Apart from these fees admin can add multiple fees which will be deducted from vendor payable amount at the time of payment to vendor.

Key features :

• Admin can set marketplace fees which will be adjusted from total payable amount of vendor.
• Proper invoice will be generated and sent to vendor.
• No restrictions on the number of fees which is to be charged.
• Decided fee will be applied on all vendors.
• Fee will be payable only for orders with status completed and also completed their payment cycle

Overview

Vendor Advance Transaction works differently when it comes to Postpaid payment and Prepaid payment. In case of prepaid payment mode, customer payment will be credited to admin's account while in case of postpaid payment mode, customer payment will be credited to vendor's account. Marketplace fees will be adjusted from prepaid amount when payment is done through postpaid.

Features

Fee will be deducted only after payment cycle gets completed

Service tax and some other taxes can be applied on total fees

Fee can be charged either in percentage or fixed mode.

Prepaid and Postpaid payments will be treated separately

Admin can add multiple taxes apart from service tax from admin configuration.

Admin can select postpaid payment from all available payment methods.

Have a look at

CedCommerce Multi-Vendor Marketplace Extension