WC Vendors Stripe Connect

WC Vendors Stripe Connect is a premium payment gateway that addresses a core challenge for every e-commerce marketplace: the automated splitting of funds (split payments) between the marketplace owner and the vendor at the moment of customer checkout. This solution completely eliminates the need for manual reconciliation processes and minimizes the financial management workload.

Key Features

• Flexible Payout Schedules: Marketplace owners can choose from instant/automatic payouts, fixed schedules (weekly, monthly), or manual approval.
• Refund Support: Allows marketplace owners to approve full or partial refund requests; Stripe automatically recovers funds from the vendor’s account to issue the refund to the customer.
• Automated Onboarding: Vendors simply click a connect button on their Vendor Dashboard to link their Stripe Standard accounts, eliminating the need for manual intervention by the marketplace owner.
• Subscription Support: Fully compatible with membership packages or recurring product subscriptions.
• Transaction Fee Handling: Vendors can bear the full cost of Stripe transaction fees, or these costs can be shared between the marketplace and the vendor.
• Mandatory Connection Feature: Prevents vendors from publishing or editing products until they have connected their Stripe accounts.