A Quick Guide To WC Vendors Stripe For Marketplaces

A Quick Guide To WC Vendors Stripe For Marketplaces

The success of a multi-vendor marketplace depends on various factors, with one critical aspect being the seamless and convenient payment experience for customers. Thankfully, this is an advantage you can offer shoppers with Stripe for marketplaces.

WC Vendors Stripe Connect is an integration that allows marketplace owners to connect their WC Vendors platform with the Stripe payment gateway. This ensures that people making purchases on your platform can easily and securely complete their transactions. This boosts user satisfaction, encouraging repeat purchases and fostering trust in your marketplace.

Today, we’ll explore WC Vendors Stripe for marketplaces and the benefits it can offer you. So let’s dive in!

WC Vendors Stripe Connect: A Quick Introduction And Guide

Key Features Of WC Vendors Stripe For Marketplaces

The WC Vendors Stripe Connect plugin provides marketplace owners with many features designed to enhance the transaction process. These features include:

1. Automation of payments and payouts

WC Vendors Stripe for marketplaces automates the processes controlling your payments and payouts. This means the system automatically takes credit card payments from customers, and then automatically pays your vendors. No manual intervention is required.

2. Instant transactions

Thanks to the complete integration of Stripe Connect into WC Vendors, the payment and payout processes occur instantly. Thus, you save valuable time to take care of other important responsibilities, such as expanding your marketing and sales.

Keep in mind that vendors have to connect their standard Stripe accounts to receive the commissions instantly.

3. Versatile currency support

Stripe for marketplaces is compatible with all currencies supported by Stripe’s payment processing system. Whether your marketplace operates in USD, EUR, GBP, or any other currency supported by Stripe, you can seamlessly accept payments from customers and disburse payouts to vendors.

For a full list of the currencies Stripe supports, click here.

4. Effortless refund management

Stripe for marketplaces allows vendors to handle refunds themselves. This reduces the burden on you as the platform owner to manage refunds, saving you time and effort in overseeing these transactions.

Basically, when a customer desires a refund, the vendor can send a refund request to you (or whoever is serving as the marketplace admin) for approval. You can then either approve or reject this request. If approved, the refund is instantly processed through Stripe Connect.

Through refund requests, vendors can accomplish the following actions:

  • Partially refund the order
  • Fully refund the order or a single product
  • Refund shipping & taxes (if applicable)

Take note that only one refund request per order can be initiated. Also, this feature is only available to WC Vendors Pro users.

5. Robust security

Stripe boasts SCA readiness. But what does this mean?

SCA stands for Strong Customer Authentication – a requirement under the European Union’s Payment Services Directive 2 (PSD2) regulation. Being SCA-ready means that WC Vendors Stripe Connect complies with these regulations, ensuring that transactions processed through the platform meet the authentication standards mandated by PSD2. This includes using multi-factor authentication methods to verify the customer’s identity during online transactions, thereby enhancing security and reducing the risk of fraud.

Take note that while SCA regulations are specific to the European Union, the principles of enhanced security and authentication benefit users worldwide. In other words, by implementing SCA measures, WC Vendors Stripe for marketplaces enhances security and reduces the risk of fraudulent transactions for all users, regardless of their location.

Other features offered by WC Vendors Stripe for marketplaces

In addition to the above advantages, you can expect the following when using WC Vendors Stripe for marketplaces:

  • Bancontact Payments for Europeans
  • Subscriptions support
  • Stores customers’ credit card tokens for future purchases
  • Allows customers to manage credit cards from their My Account page (PCI Compliant)
  • Supports Standard Stripe Accounts
  • Supports the following Stripe Connect Charge types:
    • Direct Charges
    • Separate Charges
  • Compatible with both WC Vendors Marketplace and WC Vendors Pro
  • Simple and quick configuration
  • Easily connects vendors to Stripe via a one-click button on the Vendor Dashboard Shop Settings page
WC Vendors Stripe Connect: A Quick Introduction And Guide

Stripe Verified Partner Program

WC Vendors has undergone comprehensive security and verification processes to achieve its status as a Verified Stripe Partner. Therefore, you can be confident in the quality of the marketplace solution’s integration with Stripe Connect.

As a verified partner, WC Vendors is kept up to date with the latest developments on the Stripes platform. Therefore, this marketplace solution enjoys regular access to product betas, dedicated partner support, and more.

Furthermore, WC Vendors can swiftly escalate critical issues, ensuring prompt responses from Stripe when urgent assistance is needed.

“Partners have integrated with Stripe for years – more than half of our fastest-growing users take advantage of one or more Stripe extensions,” said Claire Hughes Johnson, Stripe COO.

“But as Stripe is increasingly getting pulled up-market, our users have asked for an easier way to discover new partners and new applications. That’s why we’re excited WC Vendors is joining forces with us today to provide a better overall experience for the millions of businesses scaling on Stripe.”

WC Vendors Stripe Connect: A Quick Introduction And Guide


WC Vendors Stripe Connect is a complete integration between a powerful plugin and a trustworthy payment processing platform. As such, it offers many conveniences where transactions are concerned, thus boosting customer and vendor satisfaction and making your multi-vendor marketplace more attractive, overall.

To recap, WC Vendors Stripe for marketplaces boasts the following features:

  1. Automation of payments and payouts
  2. Instant transactions
  3. Versatile currency support
  4. Effortless refund management
  5. Robust security
  6. … and more!

Do you have any questions about WC Vendors Stripe for marketplaces? Let us know in the comments!

Posted in Payments