How to Add Vendors on your Project
There are 2 different options to add vendors to your project. You are able to add vendors by your own or you can send a link to your vendors and they will provide their details through this link. Here is an example:
https://YOUR_NUMMUSPAY_SUBDOMAIN.nummuspay.com/vendor/register
Vendors will register to nummuspay platform using an email and they will able to access their panel. Vendors can provide account details, add multiple products and check all transaction under their account.
Let’s create the first vendor! Click on Add Vendor button. In order to be able to create the first vendor you have to fill in some information.
Through the first screen, you have to choose the vendor account type. Your vendor can have a company or can be individual.
In case your vendor is individual, you will be asked to provide the following details:
Vendor’s E-MAIL, FIRST NAME, LAST NAME, DATE OF BIRTH, IDENTIFICATION NUMBER, PASSPORT NUMBER or DRIVER LICENSE NUMBER, ADRESS LINE, COUNTRY, CITY, ZIP CODE and a SHOP NAME.
In case your vendor has a company, you will be asked to provide some additional details:
COMPANY TAX NUMBER, COMPANY EMAIL, COMPANY NAME, COMPANY PHONE COMPANY ADDRESS, COMPANY COUNTRY and COMPANY VAT RATE. COMPANY STATE, COMPANY CITY and COMPANY ZIP CODE are optional.
The next step is to complete the vendor’s bank account details in order to be able to process the payouts for each vendor. Payout type (SEPA or WIRE), FIRST NAME, LAST NAME, BANK ACCOUNT CLASS, BANK ACCOUNT TYPE, IBAN, SWIFT/BIC and MINIMUM PAYMENT AMMOUNT are the minimum requirements in order to be able to process the payouts. The MINIMUM PAYMENT AMMOUNT is the minimum amount for which a vendor maybe paid out. In case the vendor’s balance is less than this amount, the balance will be carried forward to the next pay cycle.
The next step is to set up the commission and payout details. Commission and payout details can me edited only from merchant – marketplace holder. You are able to define the vendor’s commission percentage for each marketplace transaction, choose if commission will be included as part of subscription charges, indicate the preferable payout currency and set up the payout frequently, as well. Payouts can be processed daily, weekly, semimonthly and monthly. Also, you have to choose if you want to pay shipping and taxes. Lastly, vendor has to upload an identity card and a bank statement.
After you create the vendor you have to add a product on your project and match the specific vendor to this product using billable addons. In this way, vendor will be able to sell the specific product and merchant holder will be able to get a percentage of each sell. Vendors are able to add multiple products through their panel, check the transactions under their account and edit their account details, as well.
