MarketKing's split bank gateway allows each vendor to enter their bank account details, then directs each customer to pay the vendor directly to that account.
The module must be enabled in MarketKing -> Modules:
Furthermore, the "Direct bank transfer" (BACS) method must also be enabled in WooCommerce -> Settings -> Payments. When configuring this method on the admin side, you need to add your (admin) bank account details:
These will be used for admin orders (or suborders containing admin products).
Each vendor can also configure their own bank account details through their vendor dashboard by going to the Payouts page, clicking "Configure," and choosing the "Bank Transfer" method. For this to be possible, the bank transfer method must be enabled in MarketKing -> Settings -> Payouts.
After a customer places an order, they will be taken to the checkout page, where they will see the bank details for each vendor and each suborder (in the case of multi-vendor orders).
The same information will also be included in the email the customer receives, alongside their order details:
Commission Handling
Commissions for orders paid through this method are reversed: while normally the admin receives the funds and has to pay vendors their share, with bank transfers the vendors receive payments directly and must pay a commission to the admin. This depends on whether you have any commission rules configured.
It is also possible to use a setup based on vendor subscriptions (e.g. $99/mo to use the marketplace) rather than per-order commissions.
