Premium settings - Doc of YITH Stripe Connect for WooCommerce

Connect admin account

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Support for API 2020-03-02

First, make sure you enable the “Stripe Connect Gateway” then you can connect your Stripe Account with our site application.

If you do not have a Stripe Account yet, you can make one here. To make the plugin work, you need to connect the plugin with your Stripe Account.

At the top of your screen, you will see several messages, you will need to execute the two steps you’ll see in the image below.

To connect your Stripe Account, you can click on the given link which will redirect you to the correct page in your Stripe Account.

API Keys

You will find a link under every API key field that will redirect you to the correct page on your Stripe Account.

You will find a link under every API key field that will redirect you to the correct page on your Stripe Account.

To go live, make sure “View test data” in your Stripe Account is disabled. You can double-check whether it is disabled if it says “Live mode client ID”.

Connect user account

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To make use of the Stripe commission payments, the user also needs to connect his/her account.

Go to My Account -> Stripe Connect -> Connect with Stripe.

You will be redirected to the Stripe website where you fill out the account form.

If you are an admin in testing mode, you can skip the account form to get access to my account directly.

If you are not connected with your Stripe account, the admin will be unable to pay your commission.

Test live mode

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There is an option in the plugin to test out all your settings in a live test to make sure all is set up well before you go live and start working with accounts of real clients.

Follow the steps given underneath the API Key fields, they will redirect you to the correct page in your Stripe Account.

Make sure “Viewing test data” is enabled in your Stripe Account. You can doublecheck if it is enabled if you see “Test mode client ID”.

Label settings

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In Settings > Label settings, you can give a title to the bullet point in the Checkout page.

You can also add the Credit card logos you want to be displayed behind the title on the Checkout page, as shown in the image below.

With the display “Name on Card” function, you can display the field where customers need to fill in the name of the credit cardholder.

Payment settings

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Decide after how many days you want the commission to be paid. If you leave it empty or fill in ´0´ there will be an instant commission payment.

Later on, you will be able to see the payment status of all of your commissions in the commission report.

Please, note: if you are using YITH Stripe Connect with YITH Multi Vendor, this option it not supported, so payments to vendors can only be paid instantly and cannot be delayed.

Flow payments

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Choosing the best charging approach depends on many factors. With YITH Stripe Connect, you can use Direct Charges, Destination Charges, or Separate charges and transfers.

Refer to your platform profile to see your customized recommendation keeping in mind that both Direct charges and Destination charges apply only on specific conditions.

Direct charges allow making charges directly on the connected account and taking fees in the process. Conversely to Separate charges and transfers, the payment of the order will go directly to the account connected without being first received by the site/platform owner.

The payment itself appears as a charge in the connected account, not in your platform account.

This payment flow is mainly used when end customers directly make transactions with the connected account and are often unaware of the platform’s existence.

PLEASE NOTE – Direct charges work only with one single receiver and can’t be used with subscription-based products created with YITH Subscription, nor in a marketplace environment built with YITH Multi Vendor

Separate charges and transfers is the default payment flow. To use Direct charges go to YITH > Stripe Connect > Settings > Payment flow settings and select it from the dropdown in Alternative flow.

PLEASE NOTE – If Direct charges is not applicable, the system will fallback to Separate Charges and Transfers.

Since the transfer is made at the time of payment, Direct charges won’t allow using Delay settings.

For further details about Direct charges, please refer to Stripe documentation.

Destination charges

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With Destination charges, you can create charges on your platform account, take fees, and then transfer remaining funds to your connected account. Destination charges are created on the platform, but as part of the charge operation, funds are transferred to the connected account specified in the parameter of the charge.
This payment flow is mainly used when end customers transact with the platform for products or services provided by a single connected account.

PLEASE NOTE – Destination charges work only with one single receiver.

Separate charges and transfers is the default payment flow. To use Destination charges go to YITH > Stripe Connect > Settings > Payment flow settings and select it from the dropdown in Alternative flow.

PLEASE NOTE – If Destination charges is not applicable, the system will fallback to Separate Charges and Transfers.

Since the transfer is made at the time of payment, Destination charges won’t allow using Delay settings.

For further details about Destination charges, please refer to Stripe documentation

Separate charges and transfers

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With Separate charges and transfers, you can make charges on your platform account on behalf of connected accounts, perform transfers separately, and retain funds in the process.

This payment flow is mainly used when multiple connected accounts are involved in the transaction, or a specific connected account isn’t known at the time of charge, or transfer cannot be made at the time of charge.

For further details about Separate charges and transfers, please refer to Stripe documentation.

Multibanco

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Multibanco is a payment method that allows customers to pay through either their ATM or through online banking. For the payment to be processed, the business provides the customer with a page that has the Entity Number, Reference, and Amount.

To activate Multibanco, go to YITH > Stripe Connect > Multibanco and enable the related option. You can set a title and a description to show on the Checkout page.

APIs are retrieved directly from the settings of the main gateway.

PLEASE NOTE – Multibanco uses only Separate charges and transfers regardless of the settings on the main gateway.

For further details about Multibanco, please refer to Stripe documentation.