MoneyTransfer Service via Paymoney (Remittance Module)
Custom Features(on-demand only)
Our remittance module is a module that allows users to send money from one currency to another using Stripe or PayPal.
To do this, the sender must first send money to the admin’s Stripe or PayPal account and provide the receiver’s bank account information when sending money.
The admin will send the money manually to the receiver’s bank account after receiving the money in his Stripe or PayPal account.
Admin Panel Settings:
01) Login into Admin panel. then go to the Currencies->Edit icon and select Remittance Type and Remittance Payout Method. See the image
02) Then set the fees limit. For that go to Currencies->fees. See the image
03) Active the payment methods (Stripe or PayPal). To set up payment methods go to the Currencies->Payment methods and click. Put the credentials and click the update button. see the image
04) User/ Sender payment gateway will be only Stripe and PayPal and Receiver will get payment via only Bank
05) Admin can see the remittance transaction list by click Remittance from the sidebar and change the status. see the image
Remittance Module user panel:
01) User starts sending remittances by clicking the Remittance button from the user dashboard. see the image
02) User/ Sender select those from the starting of the money transfer.
– User/Sender will enter the choice of currency at the start of the money transfer.
– Exchange to currency (Recipient will Get) amount will be automatically converted to currency user/sender will choose to send.
– Then the user/sender will select an option by which method (Bank details) the user will receive the converted money.
– Sender/User will select the payment option(PayPal and Stripe) by which the admin will get money.
– Fee will automatically calculate depends on the input amount and admin section fees limit.
see the image
03) When the sender clicks to submit, there are show two input fields. Sender gives the Recepient Details and Bank details in this section and clicks submit. see the image
04) When the sender click to submit all the information giving inputs will come like the screenshot (Only bank transfer allowed at this stage)
05) when the sender clicks on submit, another page is opened. If the sender selects Stripe in the starting then shows the stripe card input page or if he selects PayPal then it redirects to the Paypal site page. see the image.
06) After confirming a record will be created with the information of senders and receivers with a pending status and show the successful page. And money will be transferred to the admin bank account.
Transaction list:
– Then the admin will check the money is received in his bank accounts. Then he will send the money manually to the bank details sender gives during making the transaction. After the confirmation of the money that the receiver received, the admin will update the status to success.
In that case, in the user dashboard, the sender will only see the transaction list that he sends money to people.