Agile Stripe Marketplace credit card payment module
Posted: Mon Sep 21, 2015 1:15 amWe have released a new payment module - Agile Stripe Marketplace payment module.
Agile Stripe Marketplace 1.0.0.1
A new payment module Agile Stripe Marketplace module released today. This is an accessory module of Agile Multiple Seller module. It process customer credit card payment within your store/market place via Stripe Connect and it will automatically split the payment into sellers account. It support all payment collection mode of Agile Multiple Seller environment.
Customer benefit
- Authorize payment within store, do not need to go out side of the store/marketplace.
- Support all major credits all over the world
- Support in many countries(Check Stripe official website to find more details https://stripe.com/)
Seller/Vendor benefit
- Seller can authorize the marketplace(platform) to use seller's Stripe Account to collect payments on behalf of sellers.
- The "Stripe Connect" authorization is one time only
- "Stripe Connect" account information retrieved automatically, do not need to manually enter, it prevents from human error.
Marketplace (platform) benefit
- The payment module work under any agile multiple seller Payment Collection mode of following
A. Store collects payment(customer payment goes to store account)
B. Sellers collect payment(customer payment gores to seller account)
C. Both store and seller collects payment(customer payment goes to both store[seller commission] and sellers accounts[sales deducting commission])
- Store can charge seller "Payment fee" to cover the cost of payment processing(paid to Stripe).
- Seller payment process fee is configurable with following 2 parameters
Fee base: per payment/order, default is 0.30 (30 cents) the same of Stripe
Fee rate: in % and based on payment/order amount, default is 2.9%, the same of Stripe.
Total Fee = Fee base + Fee rate = 0.3 + x * 2.9%
- Configurable Maximum number of recipients in one payment
Marketplace(platform) administrator can adjust the maximum recipients in one payment (one shopping cart) based on server performance.
Agile Stripe Marketplace 1.0.0.1
A new payment module Agile Stripe Marketplace module released today. This is an accessory module of Agile Multiple Seller module. It process customer credit card payment within your store/market place via Stripe Connect and it will automatically split the payment into sellers account. It support all payment collection mode of Agile Multiple Seller environment.
Customer benefit
- Authorize payment within store, do not need to go out side of the store/marketplace.
- Support all major credits all over the world
- Support in many countries(Check Stripe official website to find more details https://stripe.com/)
Seller/Vendor benefit
- Seller can authorize the marketplace(platform) to use seller's Stripe Account to collect payments on behalf of sellers.
- The "Stripe Connect" authorization is one time only
- "Stripe Connect" account information retrieved automatically, do not need to manually enter, it prevents from human error.
Marketplace (platform) benefit
- The payment module work under any agile multiple seller Payment Collection mode of following
A. Store collects payment(customer payment goes to store account)
B. Sellers collect payment(customer payment gores to seller account)
C. Both store and seller collects payment(customer payment goes to both store[seller commission] and sellers accounts[sales deducting commission])
- Store can charge seller "Payment fee" to cover the cost of payment processing(paid to Stripe).
- Seller payment process fee is configurable with following 2 parameters
Fee base: per payment/order, default is 0.30 (30 cents) the same of Stripe
Fee rate: in % and based on payment/order amount, default is 2.9%, the same of Stripe.
Total Fee = Fee base + Fee rate = 0.3 + x * 2.9%
- Configurable Maximum number of recipients in one payment
Marketplace(platform) administrator can adjust the maximum recipients in one payment (one shopping cart) based on server performance.