Payment & Withdraw Methods
In application, Payment method will help you to receive payment form user. Which mean user allow deposit on using payment method. Other hand, Withdraw method will helps your user to withdraw their funds into their account.
So, please see below details to setup payment and withdraw methods into your application.
Payment Method
The payments methods helps your website users to deposit funds into their account. So you must need to enable the any of one payment method so users can deposit money.
To set up Payment Method, in admin panel go to Application Settings->Payment Options page from main sidebar. After that please go to Payment Method from page sidebar and the payment method page looks like as below screenshot.
You can see all the available payment methods and by click icon / title to edit each payment method. Each method has lots of options including minimum amount, supported currencies etc.
Once you enable any of this methods, your user allow deposit money into their account.
Bank Transfer
You can set up Bank Transfer as one of your payment method that allows you to accept offline payment through your local bank.
To enable this method, you will need to set your Account Name, Account Number, Bank Name and Bank Short Name and other bank information. Also you can specify the minimum amount, your bank currency as well as set own method title.
Please note:
The bank information will provide to your user and inform to make payment on that bank details.
So you should ensure that you set correct information.
Crypto Wallets
The Crypto Wallets helps you receive crypto currency (ETH, BTC, LTC, etc) related payment and manage everything manually in application. By default it support most popular crypto currencies including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB) and many more.
To enable wallet, you will need to enable currency and set your Wallet Address for each currency. You should ensure that the address is correct and you have access of that wallet, otherwise you may loose your fund or user unable make payment.
Please note:
The wallet address you have set that will provide to your user to make payment.
As a manual wallet so you will need to verify the payment directly by checking your wallet.
PayPal
The PayPal allows you to accept payments, so your able to deposit using their PayPal account. It's support fiat currencies and automatically verify the payments through PayPal gateway.
To enable PayPal, you need to get the API Credentials from PayPal. So you get and set your Api Client ID, API Client Secret in PayPal method settings. You can also specify Sandbox mode if you account is not live account.
To get your PayPal API credentials please check PayPal Documentation.
Withdraw Method
The withdraw methods helps your website users to withdraw their funds to their account. So you must need to enable the any of one withdraw method so users can withdraw their money.
To set up Withdraw Method, in admin panel go to Application Settings->Payment Options page from main sidebar. After that please go to Withdraw Method from page sidebar and the withdraw method page looks like as below screenshot.
You can see all the available withdraw methods and by click icon / title to edit each withdraw method. Each method has lot of options including minimum amount to withdraw, supported currencies etc.
Once you enable any of this methods, your user allow add withdraw account from their profile then able to withdraw if they have any funds.
PayPal
The withdraw method of PayPal allows your user to get payment (withdraw their funds) through their paypal account. To enable PayPal as withdraw method, you must have to select at least one supported currency from setting page.
PayPal as a withdraw method is not pay / send money to your user.
So if user requested to withdraw then you must send funds to their account from your paypal account.
Bank Transfer
The withdraw method of Bank Transfer helps your user to receive payment on their bank account. To enable Bank Transfer as withdraw method, you must have to select at least one supported currency from the options and other fields setting.
Bank Transfer as a withdraw method is fully manual and offline process that you handle your self.
