Top 3 Best WooCommerce PayPal Payouts Plugins
PayPal Payouts is a smart way to split the payments received for your products between multiple PayPal accounts. PayPal Payouts is not a payment gateway. Rather, it is a backend process which can be used to split the payment.
How PayPal Payout Works
To understand how PayPal Payouts works, let us consider a scenario.
Scenario
5% of the product’s price has to be paid as shipping fee to the shipping company for every order that is placed on the site.
Workflow without PayPal Payouts
– A user places an order on the site using any payment gateway.
– Site admin has to manually calculate the 5% shipping cost for all the orders and pay the shipping company separately.
Workflow with PayPal Payouts
– The commission percentage for the shipping company and their PayPal ID will be configured by the admin.
– A user places an order on the site using any payment gateway.
– Once the order is placed, the commission amount for the shipping company will be automatically calculated and will be listed in a table
– Site admin can make payment for the shipping company to their PayPal ID directly from the site.
In this article, we have listed Top 3 Best WooCommerce PayPal Payouts plugins.
1. WooCommerce PayPal Payouts
2. YITH PayPal PayOuts for WooCommerce
3. WooCommerce PayPal Payouts Pro
WooCommerce PayPal Payouts is a premium plugin which is developed by FantasticPlugins. It allows you to split the payment for your products between multiple PayPal Accounts(max 500 receivers per API call) using PayPal API.
It supports three types of Payouts. They are,
1. Automatic Payouts – The commission percentage specified by the admin will be automatically sent to the PayPal ID.
2. Manual Payouts – The site admin has to manually send the commission to the PayPal ID.
3. Scheduled Payouts – The site admin can schedule the commission for the PayPal ID.
Notable features offered by this plugin are as follows,
– Allows to split the payments between a Maximum of 500 PayPal accounts
– Payouts enabled products can be purchased through any payment gateways/specific payment gateways
– A percentage can be set for each receiver
– Payouts settings can be configured at Product Level, Category Level, and Global Level
– Payouts settings can be hidden for specific user roles
– Master log to record all the payout transactions
– Payouts can be processed for renewal orders[requires SUMO Subscriptions Plugin]
2. YITH PayPal PayOuts for WooCommerce
YITH PayPal PayOuts for WooCommerce is a premium plugin which is developed by Yith. It allows you to pay all commissions to vendors and affiliates in a completely automatic way, or manually through a single action. Using Mass Pay feature you can split the payment between different receivers directly at the checkout, automatically.
Some of the key features offered by this plugin are as follows,
– It allows you to split the payments between multiple receivers
– It allows you to set a custom percentage commission for each receiver
– You can receive the payments from any gateway
– It allows you to pay your affiliate commissions automatically
3. WooCommerce PayPal Payouts Pro
WooCommerce PayPal Payouts Pro is a premium plugin which is developed by IgniteWoo. It allows you to split the payments between multiple recipients. Also, you can set payouts recipients globally for all products or, you can configure specific payout recipients for a specific product.
Some of the notable features offered by this plugin are as follows,
– It allows you to send payouts immediately, or after a delay, or manually
– You can configure payout recipients globally, or within specific products
– You can choose which order statuses to trigger payouts
– Send payouts to as many as 500 hundred people all in one transaction
– You can view a list of all payouts along with payout details which include recipients, status, etc.
