Wallet System [PRO]
WP Sell Services Pro can integrate with popular WordPress wallet plugins, giving your marketplace an internal wallet system for faster payouts and more flexible payment options.
Do You Need a Wallet?
Section titled “Do You Need a Wallet?”The built-in earnings system handles everything most marketplaces need – vendors earn from orders, wait for the clearance period, and request withdrawals. No extra plugins required.
A wallet plugin adds advanced features on top of that. Consider one if you want:
- Buyer wallets – let buyers pre-load funds and pay from their balance
- Instant vendor payouts – credits appear in vendor wallets immediately after clearance
- Cashback and loyalty programs – reward buyers with wallet credits
- Partial wallet payments – buyers pay part from wallet, part from card
- User-to-user transfers – let users send wallet funds to each other
If you just need vendors to earn and withdraw, the built-in system is simpler and faster.
Supported Wallet Plugins
Section titled “Supported Wallet Plugins”TeraWallet
Section titled “TeraWallet”A popular free wallet plugin for WooCommerce that adds a “Wallet” payment method.
- Buyers can top up their wallet and pay for services from their balance
- Vendor earnings can be credited directly to their wallet
- Supports partial payments (wallet + another method)
- Includes a transaction history for every user
WooWallet
Section titled “WooWallet”Another WooCommerce wallet plugin with similar functionality.
- Wallet balance shown on the My Account page
- Supports cashback promotions
- Admin can credit or debit any user’s wallet
- Full transaction logs
MyCred
Section titled “MyCred”A points-based loyalty system that works with or without WooCommerce.
- Points can represent money (1 point = $1) or be a separate loyalty currency
- Supports ranks, badges, and gamification
- Built-in reward hooks for actions like purchases and referrals
- Good for marketplaces that want a loyalty program alongside regular payments
How Wallet Integration Works
Section titled “How Wallet Integration Works”When you connect a wallet plugin:
- Vendor earnings are credited to their wallet after the clearance period
- Vendors can use wallet funds to shop on your marketplace or withdraw
- Buyers can top up their wallets and pay from their balance at checkout
- All transactions are logged in the wallet plugin’s history
The specific features depend on which wallet plugin you choose.
Built-in System vs. Wallet Plugin
Section titled “Built-in System vs. Wallet Plugin”| Built-in Earnings System | Wallet Plugin | |
|---|---|---|
| Extra plugins needed | None | Yes (wallet plugin required) |
| Vendor payouts | Withdrawal requests to bank/PayPal | Wallet credits + optional withdrawal |
| Buyer wallets | No | Yes |
| Cashback / loyalty | No | Yes (plugin dependent) |
| Partial payments | No | Yes |
| Complexity | Simple | More moving parts |
| Best for | Straightforward marketplaces | Feature-rich platforms with loyalty programs |
Our Recommendation
Section titled “Our Recommendation”For most service marketplaces, the built-in earnings system is the right choice. It is simpler, has fewer dependencies, and covers the core need: vendors earn money and get paid.
Add a wallet plugin when you specifically need buyer wallets, loyalty programs, or instant vendor credits. Make sure the wallet plugin you choose is compatible with your e-commerce platform (most require WooCommerce).
Related Docs
Section titled “Related Docs”- Earnings Dashboard – How vendors track income
- Withdrawals – How vendors request payouts
- Commission System – How earnings are split
- Automated Payouts – Schedule automatic vendor payments