Mass Payout is an online facility that allows multiple payments at once. Multiple payments may be for a single recipient or many recipients. Mass payout pays directly from our business to vendors.
Thousands of transactions can be completed in a few seconds. It is a real-time payout using various methods available in the market. We have also introduced the PayPal Mass Payout feature in our Opencart Marketplace.
Mass Payout works on API. Firstly a company sends Mass Payout requests to gateways via API. After that gateway process each request then the gateway takes payment amounts from the company’s account and puts them into the recipient’s accounts.
for example: In PayPal Mass Payout when a mass payout request is initiated the PayPal will process all requests. PayPal takes the payment amount from the requested company’s account and funds it to the payee’s account.
The payee receives funds and can withdraw in their currency. You can check the working of the Mass Payout feature in the user guide of our Opencart Marketplace.
In Marketplace, many vendors exist. It is very hard to pay many vendors individually. It is time taking and lengthy process. For solving this kind of problem we can use Mass Payout.
Here admin can payout many vendors in a single time very quickly. Admin can pay multiple vendors with a single click. Admin selects the sellers and makes the payout in bulk for selected sellers.
If you are looking for a Mass Payout feature for Magento 2 Marketplace then achieve it through this add-on
That’s all for Mass Payout still have any issues feel free to add a ticket and let us know your views to make the module better contact us.