The WooCommerce Product Vendors extension transforms a WooCommerce store into a multi-vendor marketplace, empowering multiple sellers to manage their products and sales within your platform. Here’s a breakdown of its key features:
Multi-Vendor Marketplace:
- Diverse Vendor Product Types: Allows for the sale of various product types – digital downloads, physical goods, hand-made items, time-based reservations, etc.
- Vendor-Owner Coexistence: Enables store owners to sell their own products alongside vendor goods.
- Transparent Commission Structure: Establishes clear commission rates for vendors, incentivizing their participation while maintaining profitability.
- Vendor Autonomy: Empowers vendors to manage their own products, reducing administrative tasks for the store owner.
Financial Management:
- Commission Settlements: Provides payment to vendors only upon successful order completion, ensuring they get paid for successful deals.
- Sales Data Oversight: Offers a comprehensive view of vendor sales, payments, and profits by month, facilitating efficient business management.
- Delayed Payment for Returns: Implements delayed payment settlements in case of returns on physical goods.
Vendor-Specific Features:
- Vendor Account Management: Enables vendors to manage their individual accounts within the marketplace.
- Product Management: Allows vendors to manage their own products and customize distribution plans per product.
- Order and Earnings Tracking: Provides vendors with insights into their orders and earnings performance.
- Sale of Physical/Digital Products and Time-Based Reservations: Supports the sale of various types of goods and bookings directly based on time.
- Payouts for Earnings: Facilitates payouts for vendor earnings.
Marketplace Owner Control:
- Vendor Approval: Allows marketplace owners to approve products before being displayed for sale.
- Commission Structures: Enables setting commission rates for each vendor individually.
- WooCommerce Bookings Integration: Integrates with WooCommerce Bookings, allowing vendors to sell time-based reservations.
- Vendor Rating Display: Shows vendor ratings based on the scores of the products they sell.
- Payment Scheduling: Offers flexibility in payment scheduling, enabling manual or automated payments on different intervals.
WooCommerce Product Vendors is a comprehensive extension that creates a collaborative platform, allowing multiple vendors to sell their products within your WooCommerce store while offering administrative control to the store owner.
