Iyzico Payment Marketplace Add-On

Iyzico Payment Marketplace Add-On
M2

TOTAL:
$199.00
Compatible With: Community 2.2

Tech Specifications

Integrator:
Current Version:
2.0.0
Type:
Stable Build
Updated:
20 March, 2018
Categories:
Extensions, Payments & Security, Payment Integration
Supported Browsers:
Chrome Linux: 42, 43, 44 Mac: 39, 44 Windows: 39, 40, 42, 43, 44 Firefox Linux: 31, 38, 39, 40, 41 Mac: 31, 38, 39, 40, 41 Windows: 31, 38, 39, 40, 41 Safari Mac: 7, 7.1, 8, 9 IE Windows: 10, 11, 8, 9
License Type:
Policy:

Overview

It allows the customers to select Iyzico payment method on the checkout page and make a payment. The customers can pay via multiple kinds of cards.

Other Extensions by WebKul SoftWare Private Limited

Overview

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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.

Iyzico is a payment receipt system management platform that offers ePayment solutions. And is the easiest way of accepting payments online in Turkey. This payment service provider is transforming the payment processing experience for businesses through it’s bank-integrated, fraud-protected payment platform. Using Iyzico Payment Marketplace Add-On, the sellers can provide Iyzico payment method to their customers. This enables the customers to select Iyzico payment method on the checkout page and make a payment. The customers can pay via multiple kinds of cards like American Express, Visa Electron, Visa Debit, MasterCard, MasterCard Debit etc. 

The module accepts complete single payments from customers and transfers the funds to the respective receiver’s Iyzico account. The amount will split between the admin and the sellers as soon as the customer made payment. The seller’s share will be transferred to seller’s account and the admin’s share into admin’s account. Both the admin as well as sellers can process the refund of an order.

Iyzico costs nothing to setup and doesn’t charge an application fee or monthly fee, however, there are standard transaction fees and commission fees. For the Iyzico account, the users can register here. Check the pricing details for transaction fees and commission rates here. 

Security and PCI Compliance -

All personal data collected by Iyzico is transmitted and stored in compliance with reasonable security standards as adopted by the industry. The security of payment data is ensured with our PCI DSS Level 1 Compliant infrastructure and all connections where personal data is transmitted are protected with encryption.

For additional information, you may visit the Privacy Policy on Iyzico site.

Use case of Iyzico Payment Marketplace Add-On -

Iyzico Payment Marketplace Add-On supports split payments by collecting credit card information once and send money to more than one seller.

For example: If the customers are having multiple products of different sellers in their carts. The customers will make a complete single payment at once instead of making payments to each seller individually. This module will automatically split the payment and transfer the payment to the respective seller’s account.

Features of Iyzico Payment Marketplace Add-On -

  • Admin can enable or disable the Iyzico Payment Method from admin panel.
  • Supports Payment Split Functionality due to which both admin and seller receive the payment at the time of Checkout.
  • The seller can become a sub-merchant by entering the necessary information to receive funds when payment is done using Iyzico Payment Gateway.
  • Admin can refund the invoiced amount.
  • Sellers can refund Iyzico transactions online.
  • Fully PCI Compliant, no card details submitted to the client server.

Workflow of Iyzico Payment Marketplace Add-On -

After the successful installation of the module, the admin can enable/disable the Iyzico payment method. Proceed further by configuring the module settings like enable/disable testing mode, method title, Iyzico API key, and Secret key, sort order, and select payment form as Popup or Responsive.

After this, the sellers will link their Iyzico sub-merchant account to their marketplace account. The seller has to enter his name, email id, address, international bank account number, mobile number. After entering all the required details, the seller has to Accept Iyzico Platform User Agreement and then click on save button. It is mandatory for all the marketplace vendors to register as sub merchants because if the vendors do not register themselves, then they will not receive the payment from Iyzico Payment Gateway and the admin has to manually transfer the payment into seller’s account. 

Now, the customer can choose the marketplace Iyzico payment method available on the checkout page. After making the successful payment, the payment gets split and transferred to the respective receiver’s Iyzico account.

The admin can check placed orders details like invoices and seller transaction.

Benefits of Iyzico Payment Marketplace Add-On -

  • Provides a convenient payment method to collect payments online without any hassle.
  • Support split payments by collecting credit card information once and transfer funds to more than one seller.
  • A reliable and secure way for splitting payments between the multiple receivers.
  • The customers can pay via multiple kinds of cards like American Express, Visa Electron, Visa Debit, MasterCard, MasterCard Debit etc. 

Release Notes

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2.0.0:

  • Compatible with CE: 2.2
  • Stability: Stable Build
  • Description:

    -------------------------------- Version 2.0.0 --------------------------------------
    + Build with iyzico checkout
    + Fully PCI Compliant, no card details submitted to the client-server
    + admin can refund the invoiced amount.
    + admin can refund invoiced amount partially
    + Enable/disable payment method from admin panel
    + seller can refund iyzico transactions online
    + seller can partially refund the order
    + payment automatically splits to sellers at the time of checkout
    + seller can become sub-merchant by providing some details, to be able to receive funds if payment is done by marketplace iyzico payment method

Support

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The best place to start if you need help with a specific extension is to contact the developer. All Magento developers have both a contact email and a support email listed.

Q & A

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Reviews

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