Paypal Parallel Payment Marketplace Add-On allows the sellers to add the paypal parallel payment method for their products.
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.
PayPal is an American company established in 1998, operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. PayPal is one of the world's largest Internet payment companies. Paypal parallel payment is a payment method. A parallel payment method enables the user to make payment in a single request that is split dynamically among the multiple receivers.
Paypal Parallel Payment Marketplace Add-On integrates the PayPal Parallal Express Checkout Payment Method with your marketplace store. This module allows the sellers to add the paypal parallel payment method for their products. This enables the customers who intend to make a single payment for the items from multiple sellers in a single checkout session and has insight into how the payment is disbursed among those multiple recipients. The payment will get splits dynamically among the multiple sellers and the admin. The admin will get the commission based on the sellers. Basically, with the help of this module the customers can order from multiple sellers with a single shopping cart.
The admin can enable/disable the Paypal parallel payment marketplace module.The admin and the seller can also make easy refunds to the customers.
The user can create the paypal account from here . PayPal does not charge a fee to open a PayPal account, no monthly fees to maintain a PayPal account, no setup fees, no gateway fees and no fees for multiple eBay and merchant tools. There is a fee to send money as a personal payment using a debit card or credit card. The fee in the U.S. is 2.9% plus $0.30 USD of the amount you send. There’s no fee to use PayPal to purchase goods or services. However, if you receive money for goods or services, the fee for each transaction is 2.9% plus $0.30 USD of the amount you receive. For more information regarding fees and charges click here .
Security and PCI Compliance -
At PayPal, security is the most important thing. PCI compliance is to ensure the customers’ information is protected while processing the payments. PCI DSS(Payment Card Industry Data Security Standard) is a set of comprehensive requirements that all businesses who handle credit and debit payments must comply with, regardless of size and number of transactions they process. PayPal has achieved PCI DSS compliance certification under various programs and standards. And maintained the PCI compliance which includes completion of an PCI self-assessment questionnaire and a quarterly network scan.
Use Case of Paypal Parallel Payment Marketplace Add-On -
Paypal Parallel Payment Marketplace Add-On module allows customers to pay multiple receivers in a single checkout session. For example – customer purchase the items related to an event, such as a trip that requires airfare, car rental, and a hotel booking together and pay the total amount in one checkout session. Using Paypal parallel payment marketplace module that amount will get split between the multiple sellers and the admin. The funds will be transferred to the respective receivers PayPal account.
This module automatically splits the payments between the admin and the sellers. So, there is no need for manual efforts for splitting the payment between the multiple receivers.
Features of Paypal Parallel Payment Marketplace Add-On -
- Admin can enable/disable the Paypal parallel payment marketplace module.
- Admin can enable/disable the sandbox mode.
- Using this module, payment will be split between the seller and the admin.
- Multiple sellers support.
- Admin will get commission based on sellers.
- Easy payment refunds.
- Allow admin and the sellers to do full and partial online refund.
- Customers can make payments via PayPal account or credit/debit cards.
- Multi language support.
Workflow of Paypal Parallel Payment Marketplace Add-On -
After the installation, the admin can enable the Paypal parallel payment marketplace module. While enabling the module, the admin can also enable the sandbox mode and will provide the merchant PayPal id, PayPal application id, PayPal API user name, Paypal API password and the Paypal API signature.
After this, the sellers will configure and provide their PayPal account details PayPal Id, PayPal API User Name, PayPal API Password and the PayPal API Signature into their seller account. The seller can receive the App Id, Username, Password and Signature via his PayPal account.
Now, the customers can select the PayPal parallel payment method on the checkout page. The customers can make payments either via PayPal account or credit/debit card. The payment will get split among the multiple receivers and funds will transfer into the respective receiver’s account.
The admin can check the transaction status by clicking on the transaction whose transaction details the admin wants to check. The admin/sellers can make prompt payment refunds effectively with ease which benefits the customers.
Benefits of Paypal Parallel Payment Marketplace Add-On -
- This is an exclusive marketplace add on allows customers to make parallel payment at once, for the products purchased from multiple sellers.
- Eliminates gradual payment process by enabling the customers to make a payment in a single checkout session.
- The customer knows the receiver details and what amount to be paid to each one.
- Offers the prompt refunds to the customers.
- The admin gets a particular amount of commission based on the sellers.
Demo - You can check the live demo here.
Release NotesBack to top
- Compatible with CE: 1.6 1.6.1 18.104.22.168 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 --------------------------------------
+ Online Refund Management at both end - seller and admin
- minor bugs fixed
-------------------------------- Version 1.0.1 --------------------------------------
- Checkout review page issue fixed
- Seller paypal information on seller profile page issue fixed
-------------------------------- Version 0.1.0 --------------------------------------
+ Using this module add-on payment will be split into seller and admin.
+ Multiple seller supports found.
+ Admin will get the commission based on sellers.
+ Full payment method at Magento admin.