Taxes and Fees with Stripe Connect

  • Posts: 324
  • Thank you received: 4
  • Hikamarket Multivendor Hikashop Business
3 years 10 months ago #329544

Hi there,

I plan to use Stripe Connect to pay my vendors.

Should I set the payments up as Store Paid Directly or Vendor Paid Directly?
What does "Vendor Price with Tax" mean? Of course my vendors will be putting their prices on the site with tax, BUT how does this affect my settings here?
What does "Vendor payment content" mean?

When I use the Stripe Connect payout option, will I still have to manually process payments, or will my fee automatically be deducted and then payment sent to the vendor?

Some more info about how your plugin works is required.

Thanks.

Please Log in or Create an account to join the conversation.

  • Posts: 26166
  • Thank you received: 4029
  • MODERATOR
3 years 10 months ago #329549

Hello,

1 - Market mode
You should always use "Store paid directly" unless you're only using "collect on delivery" and your vendors receive the money directly from the customer (hand by hand)
In all other cases, you must use "Store paid directly". Including payment methods with HikaMarket support.

2 - Vendor price with tax
It means that the fee is applied on the price with taxes ; which is a very very particular case.

3 - Vendor payment content
Where did you read that ? Without a context I can't give you an answer.

4 - Stripe Connect is an adaptive payment methods.
It means that your vendors, while "connected", receive directly their payments (minus your fee)

Regards,

Jerome - Obsidev.com
HikaMarket & HikaSerial developer / HikaShop core dev team.

Also helping the HikaShop support team when having some time or couldn't sleep.
By the way, do not send me private message, use the "contact us" form instead.

Please Log in or Create an account to join the conversation.

Moderators: Obsidev
Time to create page: 0.060 seconds
Powered by Kunena Forum