Running a multi-vendor store can be difficult and time consuming. Tracking merchant sales, working with complex revenue distributions, dealing with refunds, and that is all before even worrying about disbursing revenue to all necessary parties. Commissions for iThemes Exchange makes this simple.
Commissions adds a new Product Feature to the Advanced tab of the Product Editor. From here you can easily add any number of merchants to a product, and configure their various percent rates. You can even watch in real time as the dollar amount earned is dynamically adjusted as you increase or decrease individual rates. Powerful logic prevents you from accidentally dispersing more revenue than you’ve earned, both via the front-end interface and verification behind the scenes.
When a product is purchased, a Commission record is created for each merchant earning a commission. All commission records can be seen at any time from the WordPress admin. The corresponding order number, merchant, product, amount earned, and the commission status are all easily accessible.
Each commission has its own details page where you can manually update a commissions status, and Pay Out the commission instantly. If the original transaction was refunded, this will be noted here. Along with its payout history. Commissions comes with built in support for paying out commissions via Stripe and PayPal. Or, if you’d like you can schedule payouts to be made every n days, or instantly when an order is cleared for delivery. Merchants can configure their payouts on the front-end of your website thorough use of a Shortcode and can be seen by you on their merchant profile.
Each merchant has their own profile in the iThemes Exchange Customer Admin Area. Here you can easily see the amount of revenue a merchant has generated over a period of time and manage their payout settings. This particular install is setup for payouts being made via Stripe. But if you wish, you can offer merchants the choice of PayPal or Stripe. You can also easily view all of this merchant’s commissions from a convenient link at the bottom of the merchant’s profile. All of this information is also exposed via a shortcode that you can use anywhere on your website.
No longer does multi-vendor eCommerce have to be a painful ordeal, let Commissions for iThemes Exchange take care of the heavy lifting. What are you waiting for?