
Developer needed to set up Stripe Connect on Woocommerce marketplace platform
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- Posted:
- Proposals: 5
- Remote
- #1152763
- Completed
Description
Experience Level: Intermediate
Estimated project duration: 3 - 4 weeks
General information for the website: We are a Woocommerce website that has a marketplace capability set up using Woothemes' Product Vendors plugin.
Kind of development: Customization of existing website
Description of requirements/features: Looking for a developer with experience setting up Stripe Connect on a Woocommerce website that has a marketplace capability set up using Woothemes' Product Vendors plugin.
These are the conditions that I want my shopping cart to achieve:
First Part:
- When customers make payment for an order, the payment will first go to our Stripe Account.
- We charge a 12% Commission to our vendors for each sale.
- The Stripe Transaction Fee (3.4% + $0.50) is charged to the vendor.
- We would need the remaining amount, after the 12% Commission & Stripe Transaction Fee (3.4% + $0.50) is deducted, to be automatically transferred to the individual vendors Stripe Account.
- According to Stripe, this will require the creation of standalone accounts for my vendors. We would need to integrate the following: https://stripe.com/docs/connect/standalone-accounts.
- Please be aware that each customer order may contain more than 1 vendor. Thus, Stripe Connect needs to be set up to be able to transfer the correct amount to the correct vendors.
- For example, if the customer orders from 2 vendors, the payment flow will be as follows:
Cost of Order for Vendor A: $100
12% Commission To Us: $100 x 12% = $12
Stripe Transaction Fee: $100 x 3.4% + $0.50 = $3.90
Amount Received By Vendor A: $100 - $12 - $3.90 = $84.10
Cost of Order for Vendor B: $75
12% Commision To Us: $75 x 12% = $9
Stripe Transaction Fee: $75 x 3.4% + $0.50 = $3.05
Amount Received By Vendor A: $75 - $9 - $3.05 = $62.95
Thus, $84.10 will be transferred to Vendor A’s Stripe Account; while $62.95 will be transferred to Vendor B’s Stripe Account.
Second Part:
- Shipping fees are paid by the customer, and according to Woocommerce, the shipping fees will automatically go to my Stripe Account.
- We need the shipping fees to be automatically transferred to our shipping partner’s Stripe Account. (We have only 1 shipping partner)
Extra notes:
Kind of development: Customization of existing website
Description of requirements/features: Looking for a developer with experience setting up Stripe Connect on a Woocommerce website that has a marketplace capability set up using Woothemes' Product Vendors plugin.
These are the conditions that I want my shopping cart to achieve:
First Part:
- When customers make payment for an order, the payment will first go to our Stripe Account.
- We charge a 12% Commission to our vendors for each sale.
- The Stripe Transaction Fee (3.4% + $0.50) is charged to the vendor.
- We would need the remaining amount, after the 12% Commission & Stripe Transaction Fee (3.4% + $0.50) is deducted, to be automatically transferred to the individual vendors Stripe Account.
- According to Stripe, this will require the creation of standalone accounts for my vendors. We would need to integrate the following: https://stripe.com/docs/connect/standalone-accounts.
- Please be aware that each customer order may contain more than 1 vendor. Thus, Stripe Connect needs to be set up to be able to transfer the correct amount to the correct vendors.
- For example, if the customer orders from 2 vendors, the payment flow will be as follows:
Cost of Order for Vendor A: $100
12% Commission To Us: $100 x 12% = $12
Stripe Transaction Fee: $100 x 3.4% + $0.50 = $3.90
Amount Received By Vendor A: $100 - $12 - $3.90 = $84.10
Cost of Order for Vendor B: $75
12% Commision To Us: $75 x 12% = $9
Stripe Transaction Fee: $75 x 3.4% + $0.50 = $3.05
Amount Received By Vendor A: $75 - $9 - $3.05 = $62.95
Thus, $84.10 will be transferred to Vendor A’s Stripe Account; while $62.95 will be transferred to Vendor B’s Stripe Account.
Second Part:
- Shipping fees are paid by the customer, and according to Woocommerce, the shipping fees will automatically go to my Stripe Account.
- We need the shipping fees to be automatically transferred to our shipping partner’s Stripe Account. (We have only 1 shipping partner)
Extra notes:

Melvin H.
100% (45)Projects Completed
25
Freelancers worked with
21
Projects awarded
68%
Last project
26 Jan 2024
Singapore
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