Sell your products online and split the incomes with your partners automatically
In the online business era, where always more stores and companies offer their products and services in a network, the way to launch a commercial activity also evolved. Sometimes, to start an online business, all you need is the right idea and one or more partners with whom you are sharing the same point of view.
So, when your e-commerce is ready to be launched and you took everything into account, here’s the problem arising: alright, you have planned to share by 50%, but how will you put it into practice? Who will receive the payment when the first customer purchases one of your products with a credit card? How will it be split based on the commissions you have agreed upon?
If you are already tearing your hair out thinking about checking every single order, a calculator in your hand, and managing all percentages and commissions manually, take a deep breath and read what our YITH Stripe Connect can do for you.
YITH Stripe Connect is the most efficient tool to split payments made on your store by credit cards among your business partners in an automatic and immediate way. Conceived to deal with any possible scenario, the plugin allows the administrator to:
Insert an unlimited number of receivers, such as partners or collaborators, from dashboard
Assign fixed (e.g. $5 per sale) or percentage commissions (e.g. 25% on the amount) to each receiver
Associate commissions to the sales of all e-commerce products or only to specific ones
Set a delay-time for commission payments
From the dashboard, the receiver can monitor every single commission and data related to the payment made by the administrator.
Hi Michael! Stripe fee usually applies to each payment that you receives on your account. Transfers to connected accounts shouldn't require an additional fee. However, we suggest contacting directly Stripe service for the right information about their fees.
Hi Mainul! At the moment, our plugin can be integrated only with YITH Multi Vendor allowing to split the vendors' commissions automatically. To let vendors create and sell booking products, you need to integrate YITH Booking and Appointments.
I'm afraid is not possible, unfortunately. The plugin would need to be activated and configured separately on each site. Besides, currently the main account receives the entire sum of the purchase, and then payouts commissions to reciever.
So, if the admin sets up his account, he would receive the charges from purchases, and then would forward transfers to receivers.