Vendor Stripe Payment Addon [M2]

About Vendor Stripe Payment addon

Vendor Stripe Payment Addon for Magento 2 allows you to accept online payments using Stripe Connect Payment Gateway. This addon is a marketplace addon that supports split payment functionality, which means when a customer makes the payment, Admin will get the commission amount to his account while each vendor will get his order amount according to the payout set by the Admin. This addon accepts all the cards that stripe supports.

Stripe Connect

Vendors can register themselves using stripe connect on Magento 2 Marketplace.

Split Payment

Split payment feature between Admin & Vendors on Marketplace.

Easy Checkout

It allows customers to save Card details for future purchases which lead customers to purchase easily.

What is the need for Vendor Stripe Payment addon?

The Stripe payment gateway has its presence in more than 30 countries. It allows a Magento 2 Marketplace owner to take secured online payments from customers on the website. Stripe is a PCI compliant payment method and supports various payment methods such as American Express, Master Card, VISA based on different geographical locations, For more information, please click here.

Using different widely used payment methods available on the Magento 2 marketplace will allow customers to purchase products very easily which helps the marketplace owner to reduce the bounce rates and increase the sales of the platform.

Vendor Stripe payment addon also helps Admin in development of a good relationship with the vendors, Admin can set the payout interval and after completion of that interval, vendors will receive their payment directly to their account so they don't have to ask for the payout manually from Admin.

Note -: Vendor Stripe payment addon depends upon CedCommerce Multivendor Marketplace Extensions & Stripe core Magento 2 payment extension.

Full control on the Stripe payment gateway for Magento 2 Marketplace owner

• Admin can enter Test Publishable API Key & Test Secret API Key to setup stripe payment gateway.
• Admin can set the Payout Type For Connected Account as well as No. of Payout Delay Days. After that, based on the set interval all the payments will be automatically transferred to the seller-connected account.
• Admin can rename the title of the stripe card payment for his/her Multivendor Marketplace on Magento 2.
• Store admin can enable/disable the card payments on the Website & also can set the countries for card payments.
• The admin can check the payment method as Stripe Payment Method in the order.

Various features of the Stripe payment gateway available for the Vendors

• Vendors can register themselves using stripe connect and get the amount directly in their bank accounts connected with stripe.
• The vendor will fill in their Bank Details and register for a connected account on stripe.
• After establishing the connection successfully with the stripe account, the vendor will get a successful message.
• Vendors can check the payment method which will be visible in the order details and the invoices too.

Develop trust with Customers using Stripe Payment Gateway

• Stripe Payment Gateway is Strong Customer Authentication (SCA) Compliance & includes 3D Secure 2 support for customer authentication.
• It is also Level 1 PCI DSS Compliance.
• Once the vendor stripe payment addon will be configured and enabled then, customers can make the purchase of Admin as well as the vendor's product using stripe payment gateway & will be able to pay by cards.
• Vendor Stripe payment addon depends upon Stripe core Magento 2 payment extension as well. If there will be any issue in default features of Stripe core payment extension then you may need to consult Stripe, if there will be an issue in our Vendor Stripe payment Addon, then we will provide support accordingly.

Vendor Stripe Payment Method Case Study - Success Story of Wyoming Deliveries (A premier food and liquor delivery service)

Online marketplaces delivering groceries, food, etc. are gaining immense popularity. Millennials especially rely on food delivery services to meet their odd-hour hunger pangs and fancies in their comfort zones. This is the success story of Wyomingdeliveries, a premium food and liquor delivery service that CedCommerce helped, with its marketplace solutions. For more information, please click here .