Overview
Back to topWallet System extension allows customers to pay for orders from their online store wallet. A customer can use wallet cash during checkout. Wallet points will be deducted from the customer's wallet account. Customers can add credit money to their wallet system. The store owner can make the refund for the order purchased by the wallet and the amount will be added to the customer's wallet. If the wallet does not have enough amount to make the complete payment then the customer can choose any secondary payment method with wallet payment to purchase the products.
Business Value
The wallet system works as a prepaid card. The customer doesn't need to enter their credit card sensitive information every time for the purchase. Buyers can periodically recharge their wallets to continue shopping. This process will save time and complexities of entering card/payment details during checkout. The wallet system helps to increase the sales and user experience for the merchant store. Top-up / Recharge procedure - Wallet recharge or top-up are simple. The existing payment methods in the store will be used for wallet recharge. No need to set up an extra 3rd party payment method. Although it will work all the payment methods, which are working fine at a store.
Features List
- The customer can easily add credit amounts into their wallet system.
- The admin can also do the refund with the help of the wallet system
- The admin can add or deduct an amount to the customer’s wallet.
- The admin can create multiple credit rules for crediting or debiting amounts in the wallet.
- The admin can view the customer details who are using the wallet system for making the online payment.
- On the checkout page, the customer can see the used wallet amount and the remaining wallet amount.
- Email notification is sent to the customer on each transaction.
- The wallet amount will get credited after the generation of the invoice.
- The admin can create cash back rules for the customer.
- The customer can get the cashback amount into their wallet.
- The admin can set the limit ( maximum and minimum ) for the wallet Amount.
How Does The Extension Work?
Customers will find the "My Wallet" tab in their account. The customer can enter the amount and then click on "Add Money to Wallet". A customer can make the payment and the amount will be credited to their account. The customer can also view the transaction of their wallet (credit and debit) and status. If the wallet does not have enough amount to make the complete payment then the customer can choose other payment methods with wallet payment to purchase the product. Here, credit card data will not be saved into the database.
The store owner can set the minimum and maximum limits for adding cash to the wallet. The store owner can view the wallet history of each customer and their transaction. If the store owner refunds any order whose payment is done through the Wallet System, then the refunded amount will be credited to the customer's wallet.
Add Wallet Balance
The customer can credit the amount to their Wallet by entering the amount in the credit field. When the customer clicks on “Add Money to Wallet”, it will redirect to the checkout page where they can see the amount which they want to add to their wallet and make payment. The amount gets credited to the wallet after the invoice generation.
Wallet System Payment Method
When the customer makes a payment through the wallet system, then the order status is "Pending". After the invoice generation order status changes to "Processing". The order status will become "Complete" after the shipment of that order. In case the admin makes any refund, the admin will generate the "Credit Memo". Then the amount will get credited to the "wallet" of the customer if the payment is made from the wallet system.
Add/Deduct Wallet Money
The admin can enter the amount, select what action they want to perform (Credit or Debit) from “Action want to perform on the amount” and add a note for the transaction. The admin can select the customer for which they want to credit or debit the amount from the list of customers with the name, email address, “Remaining Wallet Amount”, and “Total Wallet Amount”. There is a button called “Adjust Amount” for each customer in the list of customers. With the help of this button, the admin can add or deduct wallet amounts from any particular customer. When the admin clicks there, a pop-up opens where the admin has to enter Amount, select what action they want to perform (Credit or Debit) from “Action perform on the amount” and add a note for the transaction.
Wallet System Credit Rules
Wallet credit rules are for the efficient management of the credit amount process in the wallet system. From here, the admin can easily create multiple rules for the wallet credit and apply them as per the condition. Mainly, there are two types of credit rules- on the cart and on the product. The admin can see all the details for wallet system credit rules in a grid.
Credit Rule Based On Cart
The admin can enter “Amount”, and “Minimum Amount” for the Cart, select the date (to and from) and can set “Rule Status” as Enabled or Disabled. If the admin selects “On Cart” then Credit will be applied to the customer when his order value is greater than the set Minimum Amount for the Cart and if he orders between the dates set by the admin for that particular Cart Rule.
Credit Rule Based On Product
Here, the admin can edit any product, and enter the amount which will be credited back to the customer when they buy this particular product. There is another field called “Product Wallet Credit Amount Based On” in which the admin can either select “Product Credit Amount” or “Cart Rules”. If the admin selects “Product Credit Amount”, the amount entered for “Wallet Cash Back” will be credited back to the customer after the product purchase. If the admin selects “Rules Amount” then, the amount entered for Credit Rule Based on Product will be applied.
Benefits
The wallet system is popular and almost all the popular commerce services are using wallets. For example - Uber is using Paytm as the wallet in India. There are a huge amount of benefits of using a wallet system-
- It saves a huge amount of time in entering payment information every time.
- It reduces cart abundance as the payment process will be super smooth.
- No need to confirm OTP (one-time-password) every time.
- Refund management is easy and fast. Refund takes place in minutes as no real payment will be involved. As in non-wallet refunds, every time customer checks their bank account and spend a huge amount of time in it.
Live Demo
You can check the live demo from here.
Support Policy
Please reach out to our technical support team, in case you face any issues related to this extension or the workflow. Our team will surely assist you and resolve the issues and make the extension work as described.
- You get free 3 months of technical support included.
- You can buy additional 6 or 12 months extended support agreement.
- For issues, please create a ticket or send an email to support@webkul.com
- Free lifetime updates of the module.
Technical Specifications
Back to topSeller profile
Webkul Software Private Limited
Seller contact
Current Version
4.0.2-p1
Adobe Commerce platform compatibility
Adobe Commerce (cloud): 2.4 (current)
Adobe Commerce (on-prem): 2.4 (current)
Magento Open Source: 2.4 (current), 2.1 (obsolete), 2.2 (obsolete)
Type
Stable Build
Updated
05 October, 2023
Categories
Extensions, Payments & Security, Checkout Enhancements, Payment Integration
Quality Report
Back to topAll tests were conducted on the latest versions of Adobe Commerce that existed for the compatible release lines at the moment of the extension submission. Latest versions of all other software were used, as applicable.
Release Notes
Back to top4.0.2-p1:
- Compatible with Adobe Commerce (cloud) : 2.4
- Compatible with Adobe Commerce (on-prem) : 2.4
- Compatible with Magento Open Source : 2.4
- Stability: Stable Build
-
Description:
+ Add Wallet payment For multi-shipping
- Bugs fixed.
4.0.2:
- Compatible with Adobe Commerce (cloud) : 2.4
- Compatible with Adobe Commerce (on-prem) : 2.4
- Compatible with Magento Open Source : 2.4
- Stability: Stable Build
-
Description:
+ Compatible With Magento 2.4.6 and above.
- Bugs fixed.
4.0.1-p1:
- Compatible with Adobe Commerce (cloud) : 2.4
- Compatible with Adobe Commerce (on-prem) : 2.4
- Compatible with Magento Open Source : 2.4
- Stability: Stable Build
-
Description:
- Bugs fixed.
4.0.1:
- Compatible with Magento Open Source : 2.4
- Stability: Stable Build
-
Description:
+ Compatibility issue fixed with Magento 2.4.4.
+ Currency issue fixed on the wallet system details and credit rules page.
2.0.3:
- Compatible with Magento Open Source : 2.2
- Stability: Stable Build
-
Description:
-------------------------------- Version 2.0.3 --------------------------------------
+ Separate email template for all emails.
+ Cashback amount is managed in a refund of an order.
+ Composer.json updated for Magento 2.2.0 version.
-------------------------------- Version 2.0.2 --------------------------------------
+ Customer can transfer amount to other customers.
+ Customer will get a monthly statement mail for the wallet amount.
-------------------------------- Version 2.0.1 --------------------------------------
+ Admin can create cash back rules for the customer.
+ Cashback rules are based on product or on the cart.
+ Admin can deduct wallet amount from customer's wallet.
-------------------------------- Version 2.0.0 --------------------------------------
+ The customer can use Wallet Cash during the checkout.
+ The customer can easily add credit to their wallet system.
+ Admin can set the credit limit for the Wallet System.
+ Admin can also do the online refund with the help of Magento Wallet System and credit the amount into the customer’s Wallet System.
+ Admin can view the customer details who are using Wallet System for making the online payment.
+ Email notification is sent to the customer on each transaction.
+ Admin can configure the Magento Wallet System to set the limit (maximum and minimum) for Wallet amount.
+ Admin and Customer/User can view credit and debit details.
+ Admin can add custom wallet amount to customer's wallet.
2.0.1:
- Compatible with Magento Open Source : 2.1
- Stability: Stable Build
-
Description:
+ Admin can create cash back rules for the customer.
+ Cash back rules are based on product or on cart.
+ Admin can deduct wallet amount from customer's wallet.
Support
Back to topThe best place to start if you need help with a specific extension is to contact the developer. All Adobe Commerce developers have both a contact email and a support email listed.
Contact Vendor