Vendor Withdrawals

The vendor withdrawal module can be enabled in MarketKing - > Modules, and it allows your vendors to get paid by making withdrawal requests.

Vendor Withdrawals module

Whether this module should be enabled or not depends on your business model. Some businesses will prefer paying their vendors on a fixed schedule (e.g. at the beginning, or 15th of each month), while others will prefer to use withdrawals.

After enabling this module, you will find an additional setting for minimum withdrawal threshold under MarketKing -> Settings -> Payouts:

Payouts settings panel with active module

This represents the minimum balance required for vendors to be able to make a withdrawal request.

Vendors will get a new "withdraw" button in their vendor dashboard -> payouts panel:

Withdrawal button in the vendor dashboard

When this button is clicked, a withdrawal modal pops up:

Withdrawal request modal

In the backend, the admin / shop manager can view these requests in the Payouts panel:

As visible in the above image, there is a notification in the menu. In the payouts table, there is a new column for withdrawal requests that shows the value requested, and the date of the request (E.g. $500 - January 23, 2022)

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