Payouts

Description

Payouts for WC Vendors enables you to effortlessly pay vendor commissions with PayPal Payouts, the successor to the deprecated Mass Pay and Adaptive Payments APIs. With flexible payment scheduling options, affordable transaction fees, and support for nearly 25 currencies, it is the ideal vendor payment solution for marketplaces accepting PayPal.

Features

Flexible payment options

Payouts offers a variety of payment options. You can pay commissions:

• When the customer pays for an item
• When a vendor marks their items as “Shipped”
• On a set schedule (daily, weekly, bi-weekly or monthly)
• Whenever you want, via a manual payment option

Delayed payments

Build in an automatic delay in vendor commission payments, to ensure customers are happy with their items before vendors receive their commissions. This delay can range from as little as 1 day to weeks or months. You’re in total control!

Payout fees

Choose whether to pay PayPal fees or pass them on to vendors. Optionally charge an extra fee for each vendor payout.

Full and partial refund support

Easily recover refunded commissions with our PayPal integrated refund system. The refund system will invoice vendors any time you create a refund, and automatically refund the customer once all vendors have returned their commissions. You can even keep tabs on vendors who haven’t paid their refund via the WooCommerce Order page!

Payout monitoring

For administrators

Monitor in progress and scheduled payouts from the WordPress dashboard. Easily keep track of the status, amount, and fees for each payout batch and vendor payout.

For vendors

Vendors can keep track of both their commissions earned, commission payment status, and their batch payouts from the frontend or backend vendor dashboard.  By clicking “Commission” from either the Pro Dashboard or back end dashboard, vendors will get access to two reports.  The first is a report of the commissions they have earned, along with the status of the commission.  The second report will show the payout batches, along with those batch statuses.  Vendors can toggle between the commission report, and their payout report by selecting which report they want to view:

Commissions Report:

Toggling to the Payouts Report, vendors can click on the payout total to view a breakdown of the payout.

Mousing over the payout line will also give vendors the option to open a detailed view of the payout:

Payout review

Review manually created payouts before they are processed. Check payout amounts and review estimated fees before any funds are transferred.

Low transaction fees

Pay a low, fixed rate fee for payments to vendors in the U.S., and a capped 2% fee for payments to vendors outside of the U.S. See the PayPal fee schedule for more information.

Support for 24 currencies

Payouts supports 24 major currencies, including USD, EUR, GBP, CAD, and AUD. See the PayPal fee schedule for more information.

Q&A

Are there any fees for sending payments?

Yes. For payments to vendors with PayPal accounts in the U.S. you pay a flat fee equivalent to $0.25 USD, and for vendors outside of the U.S. you pay a capped 2% fee. For more information, please consult the PayPal Merchant Fees.

I want my vendors to cover the payout fees. What can I do?

Reviews

Awesome Plugin

By malavika-prav on February 4, 2020 at 1:17 pm

The Plugin is very helpful for payouts to vendors. The authors keep adding new features and are open to new feature requests. Very good support.

1 of 2 people found this review helpful.

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