The customer/seller can easily manage and transfer the wallet amount with the help of the following module. Some of the following things that the customer can configure are:

• The wallet payment will be enabled for only registered users.
• The customer can add the amount to their wallets by selecting any payment methods from the ones available.
• The wallet money will be added after the invoice has been created but in the case of online transactions, the amount will be credited directly to the wallet.
• The module helps in faster checkout as it reduces the hassle of adding the card details for every purchase.
• The customer/seller can even transfer the amount to other seller’s/customer’s account as a mode of transaction.
• The amount in the wallet can be redeemed into the bank account by the sellers/customers by sending a “Transfer Request” to the admin.
• New/existing Payees can be added and paid through the wallet.
• Module Offers OTP authentications, during transferring of the amount.

The admin can view all the transact details of the customers/sellers like -

• The admin can view and manage the credit and debit details of the customers and sellers.
• Email notification to customers and the admin on every transactional event.
• The Notification templates can be set by the admin and can configure them for various scenarios.
• The details for the transaction can be bulk exported (CSV and XML).
• The admin can also check the various bank transfer.
• The admin can approve/disapprove the “Transfer Request”.
• The prefix can be set by the admin for various transactions.

The admin can create custom credit rules which can be used to manage the credit amount of the wallet.

• You can create the credit rules based on two types: Cart or Product.
• Rules can be based on various parameters like- minimum cart amount, start and end dates etc.
• You can set the cash-back amount which will be applied when the following rule is applicable.
• Admin can even set the cash-back unique for each product if product rule is selected.
• At the Shopping cart page, the customer can check whether the rule is applied or not.
• Multiple rules can be created for different scenarios.
• The cash-back will be credited to the wallet after the order status is changed to complete.

The sellers/customers can use the wallet as a mode of transactions which can be accepted by everyone.

• The customer can easily recharge their wallet with different modes of payments available.
• The transaction will only be possible between the registered customers making it a secure mode of transaction.
• The wallet amount can be transacted back into banks by the sellers or customers.
• Various discounted codes and cash-backs can be redeemed by the customer on using the marketplace wallet system.

Orders and cancellations are an integral part of the shopping websites. As the Marketplace Wallet System will turn your shopping experience to be more engaging for the customers.

Once the product return is initiated or credit memo is generated, the seller can easily generate the refunds. This will benefit the sellers in various ways like-

• With the help of this wallet system, a refund can be generated easily to the customer wallet.
• Real-Time updates of the amount into the customer’s wallet.
• Reduces the hassle which may occur while providing refund offline.
• No transactional fee deduction from the amount during the refund.
• The customer can use the refunded amount for the next purchase or can even transfer the amount into the bank by filing a “Transfer Request”.