MangoPay Payment Marketplace Add-On

MangoPay Payment Marketplace Add-On
M2

TOTAL:
$199.00
Compatible With: Community 2.1

Tech Specifications

Integrator:
Current Version:
2.0.0
Type:
Stable Build
Updated:
11 July, 2017
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:

Overview

This module allows the Store owner to accept multiple currencies and multiple payment methods online, including cards and direct debit, via MangoPay.

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.

MangoPay Payment Gateway accepts payments and pays out worldwide. It accepts payments in a lot of currencies such as EUR, GBP, CAD, SEK, NOK, DKK, CHF, ZAR, PLN, USD (Beta). Mangopay Payment gateway is completely safe and secure. It has 3D Secure triggered on demand (“Verified By Visa” and “MasterCard SecureCode” networks). It has Real-time anti-fraud rules. It follows the rules of Payment Card Industry (PCI) Data Security Standard (DSS) and sensitive details are not stored by Mangopay.

MangoPay Payment Marketplace Add-on is one of the best payment solutions for the Marketplace stores. It enables the store owner to accept multiple currencies and multiple payment methods like cards and direct debit. This module will split the payment from the customer to multi sellers and admin. It allows the buyers to make payment using cards Carte Bleue (CB), Visa, Mastercard, Maestro and Diners(currency allow as per Mangopay) and Direct Debit. This payment module follows PCI DSS and does not save any sensitive data of the customer. The seller and the admin can do Full or Partial online refund as well. It also allows the seller and admin to transfer payment from their wallet to their bank.

There are no set-up and subscription fees even for setting the production account on Mangopay. The user can create their free sandbox account here. for getting the MangoPay ClientId and a passphrase. No fee is required for setting up the free sandbox account. The user can create production account here. There are no fees for KYC management, chargeback fees, fees for failed payments and no extra fees for refunds. The CASH-IN (per transaction) for Visa/Mastercard is 1.8% + €0.18 and CASH-OUT (per transaction) within SEPA zone is Free. You can check the worldwide pricing in details here.

MangoPay Pricing -

CASH-IN (per transaction) -

Visa/Mastercard - 1.8% + €0.18

Maestro, Diners Club & BCMC - 2.5% + €0.25

Sofort - 1.8% + €0.30

Giropay - 1.8% + €0.30

iDeal - €0.80

Cash-in Bank wire - 0.5%

SEPA Direct Debit - €0.80

CASH-OUT (per transaction) -

Domestic - Free(within SEPA zone)

Non-domestic - €2.50 (per cash-out outside of SEPA)

Domestic - £0.45(per cash-out)

Non-domestic - £1.90(per cash-out)

Other currencies (USD/CHF/SEK/NOK/DKK/PLN/CAD) 

Domestic - €2.50 (billed in your currency)

Non-domestic - €2.50 (billed in your currency)

For more details please check MangoPay Pricing Details here.

MangoPay provides Volume Discount on monthly cash in. You may also check MangoPay Worldwide Pricing.

Use Case of MangoPay Payment Marketplace Add-On - 

Most of the Marketplace follows Revenue or Pricing Model in which the amount from the customer goes directly to the admin ( store owner). The admin keeps the commission and then transfer the seller's amount. Now, this is a lengthy process and the seller does not get the order's amount. The benefit of this model is that the admin has full access to the seller's payment flow and the admin can ensure that seller provides good service to the customer and the admin can transfer the money. The disadvantage is that this is a time-consuming process where the admin has to manage the payment for each seller and if there are 100 of sellers then management can be difficult as well. So, the admin can install MangoPay Payment Marketplace Add-on if they want to provide MangoPay Payment services to their customers and the split payment functionality.

Features of MangoPay Payment Marketplace Add-On - 

  • Provide split payment to all sellers for an order.
  • Enable/disable payment method from the admin panel.
  • Provide split payment to sellers for your Marketplace store.
  • Allow buyers to make payment using cards Carte Bleue (CB), Visa, Mastercard, Maestro and Diners(currency allow as per Mangopay) and Direct Debit.
  • Allow seller to do Full or Partial online refund.
  • Allow the admin to do Full or Partial online refund.
  • Allow seller and the admin to transfer payment from their wallet to their bank. 

Workflow of MangoPay Payment Marketplace Add-On - 

When MangoPay Payment method is enabled from the back-end, then the buyer can see this payment method inside the “Payment Information”. After the successful checkout, the amount goes to MangoPay Escrow’s wallet and seller’s wallet. If any error occurs during the transaction then the order will be created with order status “Pending Payment” otherwise status will be “Processing”. In the transaction list, if the admin sees the remaining amount in the wallet then the admin transfers that amount into their bank account.

For transferring money from store to account, the seller can request for withdrawal from the seller end. The seller can request only for the orders for which payment has been done using Marketplace MangoPay Payment Gateway. The “Transfer To bank” button is hidden up to the set validation time(For example 10 days as set by the admin in the backend) and only after the 10th day, the button appears here in this section of the seller for requesting a withdrawal.

For doing a refund, the seller will go to “My Order History” and then click on the order for which they want to do a refund and then click on the Credit memo tab for the refund. Once seller clicks on Credit Memo button, a page will open where the seller will have an online refund option. After clicking on Refund button, the seller will complete refund process. When the seller does the online refund, the amount from the Seller’s Wallet and Admin’s Wallet transfers to the Buyer’s Wallet.

Benefits of MangoPay Payment Marketplace Add-On - 

This payment module splits the payment from the customer among the seller(s) and the admin at the time of making the payment. So, the admin does not have to transfer the seller's amount for each order which saves a lot of time and energy. None of your sensitive card details are stored by this payment module. It also supports full and partial refund, by which the amount from the Seller’s Wallet and Admin’s Wallet gets transferred to the Buyer’s Wallet.

Release Notes

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2.0.0:

  • Compatible with CE: 2.1
  • Stability: Stable Build
  • Description:

    + Provide split payment to all sellers for an order.
    + Enable/disable payment method from admin panel.
    + Provide split payment to sellers for your Marketplace store.
    + Allowed seller and admin to transfer payment from wallet to bank.
    + Allowed seller To make partial refund.

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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