With the help of WePay Payment Marketplace Add-On module, the sellers can provide WePay payment gateway method to their customers
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.
WePay is an online payment service provider founded in 2008 available in the United states that provides an integrated and customizable payment solution through its API is to platform businesses such as crowdfunding sites, marketplaces and small business software companies. WePay payment method is the most trusted, secure and makes the payments effortless. This third-party payment gateway allowed eCommerce sites to complete transactions, non-profits to accept donations, and individuals and groups to transfer money. In addition to processing payments, the merchant account alternative verifies security and compliance for all transactions.
If you are using WePay Payment and want to integrate your wePay with your Magento store then use this simple WePay payment gateway extension on your Magento store. WePay payment gateway module allows the admin to add the wepay payment method for the Magento store products. This enables the customers to select WePay payment method on the checkout page and make a payment. This module accepts payment from all kinds of credit cards and bank account.
The admin can also make automatic card refunds for any placed order. If any of the customers cancel the order and wants a refund then it is easy to make refunds using this WePay payment gateway module.
The admin can enable/disable the WePay payment gateway module.
WePay costs nothing to setup and doesn’t charge an application fee or monthly fee.
The service takes a flat 2.9% + $0.30 for each processed transaction(with credit cards) regardless of the number of sales you complete per month. And the payments made through buyer bank accounts WePay reduces its rate to 1% + $0.30 per transaction. Chargebacks for disputed transactions cost $15 per. For the wepay account, the users can register here.
Securiry and PCI Compliance -
WePay take a variety of safety and security precautions to ensure your personal data and payment data are kept safe at all time. To protect the security of the customers, WePay uses state-of-the-art cryptographic algorithms during data transmission and in the databases.
PCI-DSS stands for Payment Card Industry Data Security Standards. PCI-DSS certification is designed to ensure card holders' information is well-protected and managed by payment companies like WePay. To earn a PCI certification, WePay undergoes an annual third-party audit of the security process and procedure. WePay has been certified at the highest level of PCI compliance as a Level 1 PCI Compliant Service Provider.
For additional information, you may visit the Security Page on WePay site.
Use Case of WePay Payment Marketplace Add-On -
WePay payment marketplace module support 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 WePay Payment Marketplace Add-On -
- The admin can enable/disable the WePay payment marketplace module.
- The admin can set the limit for minimum and maximum order total for WePay payment method application.
- The admin can set allowed countries to use WePay payment method.
- Supports split payments and transfer the funds to the respective seller's WePay account.
- Accept credit cards and bank accounts details with greater security and reliability.
- Automatic card refund by admin for any placed order.
- Provide secure, trusted and fast payment to your buyers.
- The sellers can link their WePay account to their marketplace account.
- The sellers can transfer money to their bank account from their linked WePay account.
Workflow of WePay Payment Marketplace Add-On -
After the successful installation of the module, the admin can enable/disable the WePay payment marketplace module. Proceed further by configuring the module settings like title, set limit for minimum and maximum order total for WePay payment method application, set allowed countries for which WePay payment method gets enabled, sort order, and set Client Id, Account Id, Client Secret Key and Access Token for test and live mode provided by WePay.
After this, the sellers will link their WePay account to their marketplace account. The sellers will login to their wepay accounts and verify the information link bank account to wepay so that payment can be transferred to the bank account successfully.
Now, the customer can choose the marketplace WePay payment method available on the checkout page for making the secure and fast payment. After making the successful payment, the payment gets split and transferred to the respective receiver's WePay account. The receivers can transfer money to their bank from their WePay account.
The admin can check placed orders details like invoices and seller transaction.
Benefits of WePay Payment Marketplace Add-On -
- This module provides a way to collect payments online without any hassle.
- Offers a fast and secure payment method by splitting payments between the sellers.
- support split payments by collecting credit card information once and transfer funds to more than one seller.
- Process online payments and drop all funds into the seller's WePay account directly.
Demo - You can check the live demo here.
Release NotesBack to top
- Compatible with CE: 1.6 1.6.1 22.214.171.124 1.7 1.8 1.8.1 1.9 1.9.1 1.9.2 1.9.3
- Stability: Stable Build
-------------------------------- Version 0.1.0 --------------------------------------
+ Provide split payment to all your vendors for his products as well as for admin for his commission and products.
+ Accept main credit cards and bank accounts .
+ Automatic card refund by admin for any placed order.
+ Enable/disable payment method from admin panel.
+ Provide Secure, Trusted and Fast payment to your buyers .