Hello all,
Before I launch our classifieds section I wanted to get something clear in my head.
I currently have two payment options, PayPal & Stripe.
To be clear, payments done via stripe, do these payments go directly to the sellers chosen bank account/listed card or does it get held in Credit on the site for withdrawal ?
With respect to Paypal, I have the mass pay-outs API enabled for use with the classifieds systems. When users make a purchase from another using Paypal, does the payment go into our sites PayPal account first (essentially funding the account and holding the monies) then the selling user can then retrieve the amount put into the sites PayPal via the withdrawal method on the forums ?
I am just making sure I have the transaction process right in my head, furthermore also making sure we have no hiccups.
Lastly I have it setup so the site makes a commission on every sale. Where does this commission get stored so that I can withdraw it at a later date ?
Thanks in advance.