May 5, 2015 at 8:11 pm 43142
|Nayem||If there is a minimum withdrawal limit, where are the funds held for the sales/purchases made?|
May 6, 2015 at 9:53 am 43163
I am not clear about your question. Can you please describe me with more information?.
May 6, 2015 at 5:30 pm 43225
For example if I am a seller and I have a product listed for $10, someone buys my product. However, my withdrawal limit is $50. Where is the $10? I need to be able to understand the entire process from a seller’s perspective. Thank you.
May 6, 2015 at 5:39 pm 43226
If your withdraw limit as as $50 then you can withdraw your balance when it will $50 or more. $50 wil be the minimum balance to make a withdraw request. If the balance is below $50 then seller will not be able to make a withdraw request.
May 6, 2015 at 6:19 pm 43234
Thank you for your response and I understand that part of it. What I want to know is where is the funds held in the meanwhile? Does it go to the admin’s Paypal account, or the seller’s Paypal account until a withdrawal can be made? Or, is it just in “limbo”?
May 6, 2015 at 6:29 pm 43236
It depends on the payment method. If you will use normal paypal then the entire balance will get into admin’s account then seller have to make a withdraw request and admin will split that money manually. But if you will use paypal adaptive system or stripe then after purchasing any product admin and seller will get their percentage directly to their paypal or stripe account. That time the withdraw feature will disappear.
May 6, 2015 at 6:32 pm 43237
OK. Thank you for your help to understand the process better!
May 6, 2015 at 6:33 pm 43239
You are most welcome 🙂
May 7, 2015 at 10:48 pm 43371
I do not see paypal adaptive system as an option in WP-Admin→Dokan→Settings→Selling Options Tab → Withdraw Methods
Is this a Woocommerce Add-on? Where do I configure the PayPal Adaptive System?
May 9, 2015 at 10:12 am 43422
Please read this doc- http://docs.wedevs.com/configure-dokan/. It will help you to configure this add-on.