Stripe Payment Marketplace Add-On

Stripe Payment Marketplace Add-On
M1

TOTAL:
$199.00
Compatible With: Community 1.6, 1.6.1, 1.6.2.0, 1.7, 1.8, 1.8.1, 1.9, 1.9.1, 1.9.2, 1.9.3

Tech Specifications

Integrator:
Current Version:
1.0.3
Type:
Stable Build
Updated:
03 February, 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

Integrates your marketplace store with the Stripe payment gateway. It works at checkout by accepting payments through customer's credit/debit 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.

Stripe is an Irish technology company operating in over 25 countries that allows both private individuals and businesses to accept payments over the Internet. Stripe focuses on providing the technical, fraud prevention, and banking infrastructure required to operate online payment systems.

Stripe Payment Gateway is a PCI compliant payments system. Stripe has achieved PCI DSS compliance certification under various programs and standards. Payment Card Industry (PCI) is a set of security standards designed to ensure that all companies that accept, process, store or transmit credit card information maintain a secure environment.

Stripe Payment Marketplace add-on is a wonderful extension if you are looking to integrate stripe payment gateway into your marketplace for receiving the payments. This is because all sensitive data completely bypasses your web store and goes directly to Stripe, then Stripe simple give you a unique token which relates to the transaction.

You need to have a Stripe account for this add-on. The Stripe account creation is free of cost. The only thing you’ll need to do before taking your Stripe account live is activating your account. To do that, you’ll need to fill out a form in the Stripe dashboard under your account panel.Stripe is a payment gateway with a very simple pricing model. In the United States, the pricing would be a simple 2.9% +30¢ per transaction with no monthly fees, refund costs or other hidden fees. You can check the pricing for your country by clicking here. Stripe is one of the most cost-effective, reliable and user-friendly payment gateways in the world.

 

Use Case of Stripe Payment Marketplace Add-On -

This add-on integrates the Stripe payment gateway with your marketplace web store.This add-on is useful in providing the customers a safe and secure way of making payments over the Internet. The customers can save their cards for future payments. This will be super useful when the customer often makes purchases on your store. The customer just has to select the saved card at the checkout page and then they can quickly make the payment. If the customer wants to add or delete any card they can do this also on the checkout page. As this add-on is implemented based on stripe standalone connected accounts, so the seller can manage refund to buyer from their stripe account and a full or a partial refund can be made as may be the need.

 

Features of Stripe Payment Marketplace Add-On -

  • Latest stripe library is used.

  • Enable/disable payment method from admin panel.

  • Provide split payment to sellers for your Marketplace store.

  • Supports all the cards that stripe supports.

  • Allow sellers to register themselves using stripe connect.

  • Customers can save their card for the future purchase.

  • Customers can delete their saved card from their account section.

  • Fully open source and easy to use.

 

Work-Flow of Stripe Payment Marketplace Add-On -

Admin Configuration - The admin will have to configure this add-on for proper functionality.

  • The admin can enable/disable the module.

  • The admin has to enter API Test key, Access token and Client Id for connecting Stripe Payment Gateway account.

  • The admin can set the Payment name that will be displayed on front-end.

Seller Management - Here the sellers need to connect with Stripe to receive payments from the customers. If a seller does not have the Stripe account or has not entered correct account details then all the payment will go to the admin only. The admin will pay the transaction fee and then transfer the seller's share of money manually. 

The seller can register with Stripe through “Connect To Stripe” menu in the seller panel. After successful connection with Stripe, the sellers will be redirected back to their payment page with the success message. Now if the sellers want to update their Stripe account details then they can update them.

Stripe Refund Management  - As Stripe Payment Marketplace Add-on is implemented based on stripe standalone connected accounts, so the seller can manage refund to the customers from their stripe account. Stripe offers the following type of Refund payments.

  • Full Refund

  • Partial Refund

 

Benefits of Stripe Payment Marketplace Add-On -

Admin/Vendor Benefits - This add-on allows the admin and the sellers to easily setup Stripe Payment Gateway by which receiving payments from all over the world is made safe and secure.

Customers Benefits - The customers can make online payments through this add-on. They can also save their credit/debit cards for future use. The customers can also receive refunds online.

Demo: You can Check the live demo here.

Release Notes

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1.0.3:

  • Compatible with CE: 1.6 1.6.1 1.6.2.0 1.7 1.8 1.8.1 1.9 1.9.1 1.9.2 1.9.3
  • Stability: Stable Build
  • Description:

    -------------------------------- Version 1.0.3 -------------------------------
    + Updated according to latest stripe library
    + Now supports all the cards that stripe supports
    + Customer has the ability to save the cards for future payments
    + Customer can remove the cards any time they want from there account
    + Stripe checkout js used better security( PCI compliance issues fixed)
    + Fixed seller connected standalone account payment issue
    + Enable/disable payment method from admin panel.
    + Provide split payment to sellers for your Marketplace store.
    + Accept main credit cards worldwide: Visa, MasterCard, American Express,
    Discover, JCB and other credit cards for payment from buyers.
    + Allow sellers to register themselves using stripe connect.

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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