Multi-vendor eCommerce system

[Nishanth]

Hi,

We are a strat-up multi-vendor ecommrce website company. We are looking for some payment gateway options. The way we are looking is - We should take payment from customers on behalf of our vendors, take our commision and transfer rest of money back to their registered bank account. Since we are a start-up company we are looking for options that will be cheaper to handle. 

I would kindly request you us if you can.

Looking forward for your reply.

Nishanth

[PayPal_Rachael]

Hi

Welcome to the community forum.

We have a feature called adaptive payment that might work for you.

The Adaptive Payments API enables merchants and developers to configure the way money is sent in many different scenarios, from simple to complex; for example, you might build a small send money application for a social networking site or a robust payroll system.

Adaptive payments include simple payments, parallel payments, chained payments and preapproved payments.

• Simple payments enable a sender to send a single payment to a single receiver
• Parallel payments enable a sender to send a single payment to multiple receivers
• Chained payments enable a sender to send a single payment to a primary receiver who may keep part of the payment and pays other, secondary, receivers with the remainder
• Preapproved Payments enable a sender to permit a service provider to send money to any receiver on their behalf with specified constraints

Most Adaptive Payments API functionality is available to all API callers. Access to certain features maybe granted based on the application submitted.

It is the chained payment part that I feel would suit what you need as the buyers could pay you and the payment minus your fee could continue on.
We recommend you visit our developers website at https://developer.paypal.com to view more product details or to get started with Adaptive Payments.

I hope you find this useful.

Rachael

[sakthiganesh]

The paypal has the solution for your requirmeents called ,paypal adaptive payments.To integrate this feature you need a paypal adapative payment supported shopping cart solution. Like Multi vendor Dokan. This will makes your job easier ,splits the vendor commision from the original sales amount and credits the funds accordingly (vendors and site owner).

Yes you have to make changes(create/edit) credentials to make this paypal adaptive payments work.You can get more information about Paypal adaptive payments Page from Paypal

Hope this helps.