PayPal Payment Method Addon For Marketplace[M2]

Why use PayPal for Marketplace?

Payment Method is one of the most essential aspects of any Marketplace platform, as secure and easy online Payment solutions are essential to its smooth functioning While starting an online e-commerce marketplace, payment methods and Payout processes are every merchant’s major concerns. Considering which PayPal ensures a a secure and hassle free experience.

CedCommerce’s PayPal for Marketplace Addon enables third party vendors to transform the Magento store into a fully operational e-commerce marketplace platform. It allows the marketplace owner to offer a secured online payment process to customers on their website by just configuring the client Id and secret key to use PayPal services by login into the PayPal account.

CedCommerce’s PayPal Marketplace addon also helps Admin in developing good relationships with the vendors, Admin can set the payout interval, after completion of which vendors will receive their payment directly eliminating the need to to ask for the payout manually from the Admin.

Note -: PayPal Marketplace addon depends upon CedCommerce Multivendor Marketplace Extensions & PayPal Commerce API credentials are required to use this module.

Admin’s control on PayPal for Marketplace Addon:

• Admin can enable or disable PayPal Payment for their customers and enter the Admin Business Email ID associated with the PayPal Business Account.
• For using PayPal commerce services, store admin has to first gather the client id and secret key.
• Admin can select the mode of vendor payouts. select INSTANT option to automatically disburse vendor amount at the time of order placement or select DELAYED to disburse the amount manually or automatically after 28 days.
• Admin can process online refund for the customers by creating a credit memo of the orders.

PayPal Authentication for Seller Onboarding

• The seller will get a PayPal configuration option in the seller dashboard menu under the transaction settings section.
• By clicking on PayPal configuration, sellers will get the PayPal connect option to enable the PayPal payment method that will redirect the sellers for the PayPal authentication process.
• In the first step of authentication, sellers need to provide their email Id and Country / Region. - Sellers need to provide the password and then click on “allow” in the next step of authentication.
• The seller will get a PayPal configuration option in the seller dashboard menu under the transaction settings section.
• Seller will get an email for the confirmation of their PayPal account and then seller can login into PayPal account to take payment via PayPal.

Hassle free checkout and Refund process with PayPal

• Customers will get an easy checkout process with PayPal, where they will get Checkout with PayPal and Pay with PayPal Later option.
• Once a customer clicks on the PayPal option, they will have a Pop-up to login their PayPal account and once they log in they can pay for their products.
• Both admin and sellers can process the online refund by creating a credit memo.