YITH Stripe Connect for WooCommerceVersion: 2.40.0

YITH Stripe Connect for WooCommerce

The “YITH Stripe Connect for WooCommerce” plugin by YITH is designed to integrate the Stripe Connect platform with your WooCommerce store. It allows you to set up and manage a multi-vendor marketplace where vendors can sell products and receive payments directly into their own Stripe accounts.Here are some key features of the YITH Stripe Connect for WooCommerce plugin:

1. Stripe Connect Integration: The plugin seamlessly integrates with Stripe Connect, which is a service provided by Stripe that enables platform owners to process payments and distribute funds to multiple connected accounts.
2. Multi-Vendor Support: You can create a multi-vendor marketplace where vendors can register, set up their Stripe accounts, and start selling products. Each vendor receives their own Stripe account and can manage their own payouts.
3. Commission Management: The plugin allows you to set up commission rates for each vendor. When a sale occurs, the plugin automatically calculates and distributes the appropriate commission to the vendor’s Stripe account.
4. Automatic Payouts: The plugin supports automatic payouts to vendors, according to the payout schedule you define. This helps streamline the payment process and ensures timely disbursements.
5. Split Payments: You can configure the plugin to split payments between the vendor and the platform owner, deducting the commission automatically at the time of purchase.
6. Order Management: The plugin provides a dedicated order management system for each vendor, allowing them to view and manage their orders, shipments, and refunds.
7. Refunds and Disputes: The plugin handles refunds and disputes within the Stripe Connect platform, allowing vendors to manage these processes independently.
8. Stripe Account Verification: The plugin supports Stripe’s account verification process, ensuring that vendors’ accounts are properly set up and connected.
9. Real-Time Reporting: The plugin provides comprehensive reporting and analytics, allowing you to track sales, commissions, and payouts for each vendor.

Please note that it’s always a good practice to check the official YITH website or the WordPress Plugin Repository for the most up-to-date information about the “YITH Stripe Connect for WooCommerce” plugin, including its compatibility with the latest versions of WooCommerce and WordPress.