Multi Vendor Marketplace for Shopify has got an add-on by the name Seller Membership. This app lets the Admin create different membership plans for his sellers. Sellers can subscribe to the one they want.
These membership plans can differ on prospects like:
- The number of products allowed.
- Commission by membership plan.
- Time duration as monthly, yearly or half-yearly.
- Billing grace period.
- Trial days.
- Setup fee
- Membership type as prepaid or postpaid.
So, as mentioned above, we can create two different types of seller membership plans, i.e., Prepaid & Postpaid Membership Plan.
Based on the same, the Admin has to enable payment method(s) to receive subscription payments from his sellers.
In this blog, we are going to discuss the seven different payment methods regarding the same.
If you want to learn more about the Seller Membership app (installation, configuration or other settings), then visit the following link:
Multivendor Marketplace for Shopify: Seller Membership
(This blog is specifically to explain the payment methods in depth.)
Enable this add-on from the ❛Feature App❜ section of Multi Vendor Marketplace.
Once, you enable this feature, you’ll have all the seven payment methods in the Multi Vendor Admin Panel > Configuration > Payment Details section:
On the ‘Payment Details’ page, the Admin will have the following payment methods:
- Braintree
- Deduct From Total Earning
- Manual
- Payfast
- Payfast (recurring)
- PayPal
- Stripe
Let’s divine into each payment method that you can enable for prepaid or postpaid plan respectively.
Payment Methods Available for PrePaid Membership Plans:
In the case of Prepaid plans, your sellers have to pay before using the service. In other words, as soon as your sellers subscribe for your added prepaid plan, they have to pay first using the payment methods enabled by you.
There are two kinds of payment methods, i.e., Recurring Payment Method & Non-Recurring Payment Method.
Recurring Payment Methods
These payment methods auto-deduct the payment from Seller’s account at the end of his/her billing period.
There are two recurring payment methods:
Braintree
Braintree is a PayPal service used by merchants to accept payments from different providers. This allows sellers to Auto-Pay for their bills.
The admin needs to provide his account ID to process transactions for different businesses or currencies within your Braintree gateway. Similarly, the seller needs to provide his card details so that at the end of his billing period, the amount will be auto-deducted. Thus, performing a recurring payment process.
Stripe
Stripe software helps with online payment processing for internet businesses. This is also an auto-pay method.
To use this particular payment method, the Admin needs to first enable the ‘Strip Connect’ feature app:
Enable this add-on from the ❛Feature App❜ section of Multi Vendor Marketplace.
After enabling this feature app, the Admin needs to activate Strip Connect by visiting Multi Vendor Admin Panel > Orders > Checkout Payment Method:
Now, enter the required details to set up the following payment method:
After activating Stripe Connect, it will be visible on the Payment Details page from where you just need to click on activate button.
So now, your seller needs to provide their card details at the time of activating their subscription plan to get auto-charged.
An Important NOTE
For instance, if the Admin has enabled both the recurring payment methods, i.e., Braintree as well as Stripe then Stripe will be visible to your sellers as the payment method to pay with. This is because the priority of Stripe is more than Braintree.
Non-Recurring Payment Methods
Non-Recurring Payment Methods are the ones which will not auto-deduct money at the end of the billing period. Instead, the Seller needs to login using his credentials every end of the billing period to pay the amount.
For this, we have PayPal.
PayPal
For the most secure payment, go for PayPal as it is one of the largest and most well-known payment processors out there.
Check out the currencies supported by PayPal:
To activate PayPal, you just need to click on the Activate button in the Payment Detail section. Further, enter the email ID associated with your PayPal account to complete the setup.
Payment Methods Available for PostPaid Membership Plans:
In the case of Postpaid plans, the sellers will receive a bill at the end of each month (or the subscription cycle set by you). Sellers don’t need to pay for the service before using it.
There are three kinds of payment method that you can enable, i.e., Offline Payment Methods, Recurring Payment Methods & Non-Recurring Payment Methods.
Offline Payment Methods
There are two ways using which the Admin can take money from his sellers without activating any online payment method:
Manual
While activating this method, make sure to provide all the necessary details (Example: type of payment, i.e., money order, bank wire transaction, internet banking, etc.) so that the seller will be able to pay you manually.
Similarly, to activate this method, click on activate button from the Payment Details section & provide the required details:
This method is only available for Postpaid Plans!
Deduct From Total Earning
Enabling this option will let you as an Admin deduct the seller payment from his/her total earnings.
To activate this, click on activate button from the Payment Details section & you’re done. You don’t need to provide any kind of information for the following method.
This method is only available for Postpaid Plans!
Recurring Payment Methods
As explained above, recurring payment methods auto-deduct the payment from Seller’s account at the end of his/her billing period.
There are three recurring payment methods available for Postpaid plan cases:
Braintree
To enable the following method, click on activate and set the required details:
Stripe
To enable Stripe, follow the steps given above in this panel.
Payfast (Recurring)
Payfast is only available for South African websites.
Enable this by clicking on activate button and then providing all the required details regarding your Payfast account:
Non-Recurring Payment Methods
Non-Recurring Payment Methods are the ones which will not auto-deduct money at the end of the billing period. Instead, the Seller needs to login using his credentials every end of the billing period to pay the amount.
For postpaid plans, we have PayPal & Payfast as non-recurring payment methods.
PayPal
Similarly, to activate PayPal, you just need to click on the Activate button in the Payment Detail section. Further, enter the email ID associated with your PayPal account to complete the setup.
Payfast
PayFast is a payments processing service for South Africans and South African websites only.
Enable this by clicking on the activate button and then providing all the required details regarding your Payfast account:
The billing day flow of Seller Membership App goes like this:
Suppose the Admin has selected the billing Day to 10th of each month and a seller has signed-up on 2nd March then he will have to pay the fee for (2nd March to 9th March). Then on the 10th March, he has to pay the amount for the complete following month, i.e., 10th March – 10th April.
In other words, irrespective of any signup date, billing will be generated on 10th of each month (as you have set the billing day to 10th).
💡 Need Help?
Drop your query at shopify@webkul.com or Webkul UV Desk.