There are several options to receive amounts. It depends from the payment plugin that you would like use.
Collect all money in administrator account immediately
All money goes to your payment account immediately. When campaigns complete, you should collect the amount, calculate fees and send the other amount to project owner.
The plaug-ins that works in that way are:
- JoomfundingPayment - PayPal ( Simple Payment )
- JoomfundingPayment - WePay
- JoomfundingPayment - PesaPal
- JoomfundingPayment - Mollie iDEAL
- JoomfundingPayment - AuthorizeNet
- JoomfundingPayment - Coinbase
- JoomfundingPayment - Blockchain
Collect all money in administrator account NOT immediately ( Pre Approval )
All money goes to your payment account but NOT immediately.
The transaction will be registered as preapproved and you have to capture amounts if campaigns complete successfully. You can also cancel preapproved transactions if campaigns failed.
When you capture amounts, you should calculate fees and send the other amount to project owner.
The plug-ins that works in that way are:
- JoomfundingPayment - PayPal Express ( registers the transaction as order )
- JoomfundingPayment - Stripe Connect ( registers user card on Stripe )
Collect all money in project owner account immediately
All money goes to the payment account of the project owner immediately.
The project owner should provide information about his account and the system will send the money there.
It is possible, the project owner to provide information of his account only if you use JoomFunding Finance.
The plug-ins that works in that way are:
- JoomfundingPayment - PayPal ( Simple Payment )
Collect all money in project owner account and send fees to administrator account ( Pre Approval )
All money goes to the project owner account but NOT immediately.
The transaction will be registered as preapproved and you have to capture amounts when campaigns complete successfully. You can also cancel preapproved transactions if campaigns failed.
When you capture amounts, PayPal will send the money to the project owner account. After that, PayPal will send fees to the account of the administrator.
The project owner have to provide information about his account. It is possible if you have installed and use JoomFunding Finance. You will be able to set up the fees that you would like to receive via the options of JoomFunding Finance.