Home Forums General Ideas Dokan: Payment Escrow

This topic contains 4 replies, has 2 voices, and was last updated by  Lahcen B. 4 years, 7 months ago.

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  • #27068

    Lahcen B.
    Member
    Post count: 16

    I want to use this plugin in a marketplace site based on woocommerce and make myCRED balance the only payment method between sellers and buyers.
    The features that i am asking for is to
    1- Make an escrow system so that when a buyer pays an order the amount will first go to an escrow account of the seller and this amount is unusable. After the buyer confirms the reception of the items then the amount in the escrow account will be transferred to the balance of the seller.
    2- Add chaining payments so that if a sellers receives a payment, then a percentage will be deducted from that payment and added to account of the site admin.

    I have posted a post about this here:
    http://mycred.me/support/forums/topic/escrow-and-paiment-chaining-for-woocommerce-marketplace/
    I posted it here for you to consider it and see how to implement it if possible.

    #27334

    Sekander Badsha
    Member
    Post count: 2067

    Hello Lahcen,
    Did you noticed Dokan's payment system? The primary receiver of payments and admin can decide the minimum withdrawal limit for sellers. So that quite resembles to the escrow system you are talking about.
    I need to discuss more with the developer team about this idea.

    Let me know what do you think about the existing system of Dokan.

    #27337

    Lahcen B.
    Member
    Post count: 16

    The minimum withdrawal will be on top of the escrow system. With the escrow system the seller will see two kinds of balances, the balance of pending payments, and the balance of completed payments. the seller should not be able to withdraw from the pending balance even if it is bigger than the minimum withdrawal.

    I have discussed this with the developer of MyCred plugin (http://mycred.me/support/forums/topic/escrow-and-paiment-chaining-for-woocommerce-marketplace) and he has done a very nice work on it, you can discuss with him to make your plugins compatible with each other and you can reference each other in your sites to get mutual benefit.

    I really hope that Dokan will support MyCred as an in-site bank like paypal, and also as a points system for affiliates and encourage buyers to get their friends in the marketplace and receive points that can be used for discount coupons.

    #27496

    Sekander Badsha
    Member
    Post count: 2067

    Hello Lahcen,
    I have talked with our developer team and mailed myCRED for further discussion. Please have patience. I will keep you posted.

    #27530

    Lahcen B.
    Member
    Post count: 16

    Thanks, I hope that booth of you will cooperate on that, it will be a nice thing.

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