Tagged: currencies, select, wcp
- This topic has 11 replies, 2 voices, and was last updated 3 years, 8 months ago by alexg.
December 26, 2018 at 9:15 am #5375AnonymousInactive
For vndr paymnts, it would be gret to add the option where the admin can offer a selection of coins (currently only one choice) to vndrs for the paymnts. From frontnd the vndrs could select the coin which they want to be payd with. What do you think? it would be great I think
Thank youDecember 27, 2018 at 11:59 am #5379
Yes, this is something that I would like to implement in the future.
Ideally the admin should be able to select cryptocurrencies that are available for payment and the vendor should be able to choose one of those, if there is enough balance.
with regardsDecember 28, 2018 at 7:55 am #5384AnonymousInactive
That would be a great thing! Of course I does not want to interfere with the backlog priorities, but I think this is something verry important.
Thank you verry much Alex, I look forward to this.
Best regardsFebruary 14, 2019 at 8:14 am #5867AnonymousInactive
The same as my precedent post, sorry if bodering you with askign about etas. did you had any time to start with this add?
Best regardsFebruary 15, 2019 at 3:46 pm #5872
Please see my other reply.June 21, 2019 at 9:27 am #6518
In the latest version 2.1.0 of the WooCommerce Cryptocurrency Payment Gateway it is now possible for an admin to select which coins can be accepted as payment. This also affects WC Marketplace payments. I have not yet added the possibility for vendors to further filter down the list of accepted coins.June 23, 2019 at 8:01 pm #6529AnonymousInactive
Continuation regarding my last reply.
5. As vendr user I tryed to make a withdrawal with no success, when clicking “requst wthdrwl” nothing happens. Returned to 2.0.1 version and it works.
I did not understand what do you mean this affects also wpmc paymnts.
Alex, the next probable version of wpmc 3.4 introduces great changes, allowing order split and partial refunds directly from vendrs. In version 3.3.7 they offer the dev version 126.96.36.199 on github in order to check the extension and test it. Please Alex, could you have a look? the changes will be great, allowing an improvement in automating processes and management directly from vndrs (not depending on admin). It would be a great compatibility advancement with this extension.
About the possibility for vendors, it’s more about withdrawals. Admin should offer a selection of s¡coins/customcoins for vendros to be payd with. Currently offering only one coin it is OK, but a bit limiting. Imagine if admin could offer a fiat and crpto options for vndrs… no more need for additional modules, and consequently a better workflow for admins. Please Alex, it would be great adding this.
Thanks in advance,
Best regardsJune 24, 2019 at 8:33 am #6535
Thanks, I am taking a note of this.June 26, 2019 at 12:28 pm #6558AnonymousInactive
Just tested the version 2.1.1, and the issues are still the same, maybe you uploaded a wrong file?
Thank youSeptember 14, 2019 at 11:20 am #6936
Apologies for the long delay, it turned out that there were a number of issues with the gateway. Hopefully I have addressed all of them now, but please let me know if you spot any other issues.
Please see the release notes for version 2.2.0 of the payment gateway: https://www.dashed-slug.net/wcmp-bug-fixes-version-2-2-0/
I have found it is simpler for admins to pay commissions in the same currency as that the user has paid in. This eliminates any need for conversion, which can be done manually by the vendors.
Withdrawals are now fixed and are described in the FAQ section.
with regardsSeptember 15, 2019 at 10:44 pm #6944AnonymousInactive
Thank you Alex.
I have some questionss about this new approach:
1. So if an user pays in LTCC for example, when the vendr asks for withdrwal, he receives it in LTCC?
2. If many orders in different coins, he will receive payouts in each coin?
3. What if the coin has fluctuated in price, lets say 10%, the vendr will receive his payout at the exgange rate at the moment of the users order, or at spot rate (in this casetaking into account 10% change)?
Thank youSeptember 17, 2019 at 8:29 am #6950
3. At the time when the vendor withdraws a commission, the commission amount is calculated at that time, taking into account the market rate at the time of the withdrawal, not the time of user checkout. In other words, the actual value transacted matches the fiat value paid by the customer in crypto. A vendor then does not have any incentive to wait for the “best” time to withdraw, by observing any fluctuations in the value of the cryptocurrency.
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