Braintree Payment Marketplace Add-On is the most reliable and secure payment gateway for accepting online payments from the customers.
OverviewBack to top
Note- This module is an add-on of Webkul's Marketplace Module. To use this module, you must have purchased and installed Multi Vendor Marketplace first.
Braintree is a payment method. Braintree payment gateway is the most reliable and secure payment gateway for accepting online payments from the customers.
Braintree Payment Marketplace Add-On allows the seller to add Braintree Payment for their products. This module is designed to simplify the payment process for online Magento store. Using this module customer can do the transaction with the reliable and secure payment gateway. This enables the customers to make online payments without redirecting to the payment gateway site and can pay using their credit cards details while staying on the store page. Braintree payment marketplace module allows the admin to enable and configure Braintree payment method for the seller's products.
Braintree payment marketplace module provides easy refund process to their customers. This module has escrow method which makes refund transactions more simple. Also, the admin can put payments made by customers on hold in escrow for certain period of time. The admin can cancel a payment transaction using the Void option available in the admin panel. Once the transaction is Cancelled the payment is refunded to customer's account. By enabling the vault, the admin can store the customer's information.
Braintree does not have setup fees or monthly charges. The user can create their free sandbox account here. No fee is required for setting up the free sandbox account. The user can create production account here. The rates and fees charged by Braintree Payment Solutions are incredibly simple, More details about pricing click here.
2.9% + $0.30 transaction fee for everything except Bitcoin
1% for Bitcoin (after the first $1 million processed)
There are no surcharges, no fees. That means:
No monthly minimum
No monthly fee
No annual fee
No PCI Compliance fee
No early termination fee
No set-up fee
No gateway fees (monthly or setup)
No statement fees
You’ll be responsible for chargebacks, though, which come with a reasonable $15 fee.
Security and PCI Compliance :
At Braintree, data security is of enormous importance and take security vulnerabilities very seriously. They take vital steps to safeguard the customers’ information. Braintree environment meets the highest industry standards and guidelines like level 1 PCI compliant, industry recognition, no prohibited data storage, data encryption via the Braintree Vault, authentication & session management, and activity monitoring and testing. Cardholder data is managed in the Braintree Vault, using multiple encryption keys with split knowledge and dual control. Also, Braintree requires users to authenticate every time they log into the Control Panel. Passwords are never stored directly in the database. Braintree is a validated Level 1 PCI DSS compliant service provider. PCI Compliance is an industry-mandated security standard that applies to all businesses that handle, process or store credit cards.
For additional information, you may visit the security page on Braintree site.
Use Case of Braintree Payment Marketplace Add-On :
This module allows admin to enable "Hold in Escrow" for sellers means payment will be held by admin and will be transferred to the seller after the order is complete. Also, the admin can cancel the payment without any hassle using the void option available in the admin panel. The payment will be refunded to customer's account directly.
Features of Braintree Payment Marketplace Add-On :
Allow the sellers to add Braintree Payment for their products.
Allow all types of cards supported by Braintree payment gateway.
Provide secure, trusted and fast payment to your buyers.
Customers are not required to redirect to Braintree payment gateway's site while making payments.
Secure storage of customer payment details in the PCI-compliant Braintree Vault.
Admin can enable " Hold in Escrow" for sellers.
Admin can enable auto release amount from escrow.
Admin can't hold the funds in escrow for longer than 30 days according to Braintree escrow guidelines.
Provide split/escrow secure payments for the sellers.
Admin can choose the countries for which this payment method should be available
Online refund/partial refund for placed order from seller and admin's end.
Online void transaction on cancel and void order from admin panel.
Separate Braintree Transaction order grid.
Checkout is done by using Braintree hosted fields.
Webhook notification to update Braintree order comment status on marketplace Braintree transaction disbursement, disbursement exception, dispute lost, dispute opened, dispute won, sub-merchant account approved, sub-merchant account declined, transaction disbursed.
Allow activating cron job using C panel for automatic capture invoice on transaction settled.
Workflow of Braintree Payment Marketplace Add-On :
After the installation, the admin will enable the Marketplace Braintree payment module. Then, configure the Braintree payment method settings like title, enable vault, hold in escrow, auto release amount from escrow, release amount from escrow after days, minimum and maximum order total, choose the countries for which this payment method should be available, set order status and sort order.
Admin will also provide merchant account id, merchant id, public key, private key which will be provided by the Braintree payment gateway after creating the Braintree account.
Furthermore, the users will enter their business and funding information during the seller registration to become the sub-merchant seller. After this, the Braintree payment method will get enabled for the seller's products.
The buyers can opt for the Braintree payment method on the checkout page for making the payment.
The admin can see the list of all the seller's transaction in the marketplace account as well as in the Braintree account also. The admin can void or cancel the order online and can check the void order transaction detail also. The admin can generate an invoice if the marketplace Braintree transaction status is settled. If “Hold in Escrow” option is enabled from admin panel then admin can release the payment to the seller.
The seller and the admin can do online refund by Magento marketplace Braintree payment method and can generate credit memo.
This module also offers real-time notifications for the sub-merchant seller regarding sub-merchant account approved, sub-merchant account declined, transaction disbursed, disbursement, disbursement exception, dispute opened, dispute lost, dispute won via webhooks.
Benefits of Braintree Payment Marketplace Add-On :
The customers are not redirected to any payment gateway while making online payments.
Accept payment from almost all kinds of cards.
By enabling vault, the admin can store the customer's information.
Admin can hold payments in escrow accounts.
Allows automatic payment splitting between the sellers and the admin.
The amount of canceled transaction will be refunded directly to the customer's account.
Demo - You can check the live demo here.
Release NotesBack to top
- Compatible with CE: 1.6 1.6.1 184.108.40.206 1.7 1.8 1.8.1 1.9 1.9.1 1.9.2 1.9.3
- Stability: Stable Build
-------------------------------- Version 1.0.2 --------------------------------------
+ Payment via Braintree hosted fields
+ Online refund management from seller and admin end
- Fixed minor bugs
- Online Refund/Void for an order was not working.
+ Accept main credit cards worldwide: Visa, MasterCard, American Express,
Discover, JCB and other credit cards for payment from buyers.
+ Provide Secure, Trusted and Fast payment to your buyers.
+ Does not save any buyer/sub-merchant sensitive information in a database.
+ Allow admin to enable vault to store information about the buyer.
+ Allow admin to enable “Hold in Escrow” for sellers.
+ Allow to admin to enable Auto release amount from Escrow.
+ Provides split/Escrow secure payment.
+ Allow activating cron job using C panel for automatic capture invoice on
+ Buyer and sub-merchant sensitive information doesn’t save in our Database.
+ Online void transaction on Cancel and Void order from admin panel.
+ Webhook notification to update Braintree order comment status on
marketplace Braintree transaction Disbursement, Disbursement Exception,
Dispute Lost, Dispute Opened, Dispute Won, Sub Merchant Account
Approved, Sub Merchant Account Declined, Transaction Disbursed.
+ Separate Braintree transaction order grid.
+ Ability to Online Refund for placed order.
+ Accept main credit cards worldwide: Visa, MasterCard, American Express and
other credit cards for payment from buyers using Magento credit card form
+ Automatic card refund by admin for any placed order
+ Enable/disable payment method from admin panel
+ Enable vault to store information about the buyer