Vendor Paypal Adaptive Addon

Vendor Paypal Adaptive Addon strengthens the payment section of the marketplace by providing an online payment feature. The payment will be received easily and instantly by the vendors as per the commission rule set by the admin. Admin will also get his commission and shipping amount for the orders. Using this addon merchant can smoothly manage the admin to vendor commission transaction.

Features :-

• Simple Configuration Settings
• Activate/Deactivate sandbox mode
• Splitting and Transfer of Payments to admin and vendor
• Admin commission calculation and vendor payment is done smoothly
• Easy payment refunds to customers is also possible
• Chained payment(Instant)- Instantaneous transfer of funds to the vendors
• Chained payment(Delayed)- Transfer of funds from admin to vendor can be done after the shipment of the product
• Customers need not have paypal account to place an order
• Simultaneous payment dispatch to multiple receivers is also possible
• Payment can be held by the admin until the customer’s order is completed
• Useful in the case of money back guarantee scheme
• Note: If Vendor Order Addon is installed and Split Order feature is enabled then redirect payment methods will not work. Therefore, PayPal Adaptive payment method will also not work in this case.

Paypal Adaptive Payment types :-

3 types of payments can be done with this extension.

• 1. Simple Payment

  This is an old payment type where only one sender expects only one receiver to receive the payment. This becomes helpful if you are running a site having orders with only one vendor's products and the payment directly goes to that specific vendor only. In such a case, the merchant gets the commission either manually or by some other means.

  

• 2. Parallel Payment

  It lets the admin allow the customers to pay directly to different vendors whose products have been added to cart. This feature allows the customers to clearly see that how many vendors are going to get the payment. Calculation is based as per CedCommerce Multi-Vendor Marketplace method and the payment will be made simultaneously to all the vendors.

  

• 3. Chained Payment

  In this type of payment there is one sender (customer) and multiple receivers. But there is only one primary receiver (admin) and multiple secondary receivers will get the payment after the release of payment from the primary receiver.

  

Chained payment is further divided in two sections :-

-Instant Chained Payment

The payment is released instantly by the primary receiver. As soon as the payment is done by the customer it gets transferred to the secondary receivers (vendors).

-Delayed Chained Payment

The delayed payment is intentionally held by the primary receiver after receiving the payment by the customers. Admin will dispatch the payment to the vendors only after the customer properly gets the product.

Requirements CedCommerce Multi-Vendor Marketplace Extension

This addon doesn't works without the above extension.

NOTE: Please purchase the extension only when you have Paypal Adpative credentials, as Cedcommerce Inc. will not be responsible for getting adaptive credentials for customer.

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