Vendor balance and balance transactions in MultiMerch
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.
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.