In general, an e-commerce marketplace website allows customers to procure goods and services from multiple vendors under the cover of a marketplace owner. The owner facilitates the online marketplace and often charges the vendors a service fee.
Vendor Braintree Payment Method allows the Magento 2 marketplace owners to easily handle online transactions between the customers and the vendors by integrating Braintree Marketplace payment service. It allows you to split online transactions and pay your vendors(sub-merchants) through Braintree's gateway.
Integrating vendor Braintree payment method to your Magento store is easy. Just sign-up for free Braintree sandbox account to obtain Sandbox merchant ID, Public key & Private Key. When you're ready to go live, you'll need to replace your sandbox API credentials with production API credentials. Onboarding a new sub-merchant is as easy as collecting basic contact and account information which they will provide from their vendor panel and Braintree will take care of verifying their identity.
Accept Online Card Payments
Supports major popular cards like Visa, American Express etc. You can Choose the countries for which this payment method should be available. Payment is processed right on your online store without any redirection.
Test Before You Go Live
Supports Sandbox environment to test the payment integration to your store. And once you're ready to go live just replace the sandbox API details with production API details.
Multiple Payment Modes
Supports two payment actions: Authorize & Capture. Authorize mode will process vendor payment once the invoice is created and Capture mode will automatically create an invoice and start the disbursement process.
Hold Payment In Escrow
Lets you hold funds through Braintree's banking partner until you decide to disburse them; at disbursement, you will receive the designated service fee and your sub-merchant will receive their portion of the payment.
Save Customer Card Details
Customers can save their credit card details during checkout. This information is securely(encrypted) stored in Braintree Vault so your customers don't need to re-enter their information each time they make a purchase.
Flexible Service Fee
Set fixed, percent based or both type of service fee for each online vendor transaction through Braintree. This service fee is the portion of your sub-merchants transaction revenue that is routed to your account.