Vendor balance and balance transactions in MultiMerch

 

Transactions

 

Vendor balance is a crucial part of the financial system MultiMerch. Understanding how vendor balance works in MultiMerch is important for a correct configuration of MultiMerch for your multi vendor marketplace.

MultiMerch stores all of the financial information for each vendor in the vendor balance database table. When a customer makes a purchase, a new order is created and a balance transaction is generated for each of vendor's products minus marketplace fees.

 

Sellers balances

 

These transaction records make up vendor's balance – how much the marketplace owes the vendor for their sales. Vendor balances are used when calculating vendor earnings and performing payouts.

Martin is the founder of MultiMerch who has dedicated his life to building great products.