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.
Sell your products online and split the incomes with your partners automatically
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, Iori! About VAT number, this applies only to vendors if using the plugin in combination with our YITH WooCommerce Multi Vendor. About the second question, yes, company 1 receives the full amount, increasing its balance. Obviously, commissions count as a transfer from that balance.
Answered by the admin Hello Ian,
you can configure different settings for different receivers, including giving them a commission on one product only. You can read more about it here. Yet, if you want it to work like a marketplace, I would suggest you consider using both YITH Stripe Connect and YITH Multi Vendor, which have been integrated exactly to let you achieve something like that.