Integrate escrow account

  • Resolved dfreker

    (@dfreker)


    2 years, 7 months ago

    Hi there!
    I am considering using this plugin and have a questions. My client would like to have an escrow account for her marketplace site. That is, when a buyer purchases a product, the funds would go to an escrow account. Once the buyer receives the product, they would then indicate that they received the product and the funds would then be transferred from the escrow account to the seller. Of course, the site would receive a commission from the funds as well. Is this possible with wimp plugin?
    Thank you!
    Dave

    The page I need help with: [log in to see the link]

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  • Thread Starter dfreker

    (@dfreker)

    Or, said another way…is there a way to transfer funds to the seller only after the buyer has received and approved the delivery of the product? I mention an ‘escrow’ account above. Really, we just want to ensure the buyer approves the product before funds are allowed to transfer to the seller.
    Thank you!
    Dave

    Plugin Author MultiVendorX

    (@wcmp)

    Hi @dfreker , thanks for the query.

    Currently, we don’t have any such escrow payment module.

    However, you can use our code that will only pay vendors their commission if the order status is completed. I guess this flow might help you out with your requirements.

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