Add a wallet feature to your store

Wallet for WooCommerce adds a wallet function to your store.

Features

Wallet top-up

• Users can top up funds in their wallet and use them for future purchases.
• Additionally, you can award Bonus Funds when your users top up funds and meet the configured criteria [i.e. Minimum – Maximum Top Up Amount].

Use
wallet rescue

Your users can use their available funds in the wallet using the following 2 ways:

Partial use of i Wallet

• Wallet redemption field can be displayed in cart and checkout, using which users can get a discount by applying available funds.
• Funds will only be applied to the cart subtotal. Therefore, users must pay the balance using the available payment methods at checkout.
• Additionally, it supports manual orders.

ii Wallet Payment Gateway

• A separate payment gateway to use wallet funds to place the order.
• Can be used for manual orders

Transfer and request of funds

Your users can transfer/request funds to other users on your website. You have the option to charge your users a fund transfer fee.

Withdrawal of
portfolio

• You can allow your users to withdraw their funds from the wallet by sending a request.
• The supported payment methods are,
  • Bank transfer
  • PayPal
• You have the option to charge a withdrawal fee to your users.

Automatic wallet top-up

Your users can configure it to automatically add funds to their wallets if wallet balances fall below a specified threshold.

Purchase of products

• Your users can receive funds in their wallet for purchases on your website. You can set the fund type based on the Product Total/Order Total/Order Total Range.
• Additionally, as a site administrator, you can grant product purchase funds for manual orders.

Gift cards

The Gift Voucher module allows you to generate gift vouchers that contain wallet balances. You can issue gift vouchers to your users, and they can redeem the vouchers to add to their wallet balances.

Wallet balance with expiration dates

You can set an expiration date for the user's wallet balance.

Portfolio shares

You can grant wallet balances to your users by the following actions,

• Account registration
• Daily login
• Product review

Email notifications

You can send email notifications to users about wallet activity.

Refunds

As a site administrator, you can send the refund amount for the order (i.e., orders placed via any payment method) to the user's wallet.

Reset

The site administrator can reset the wallet balance and transaction log of its users.

Compatibility

• Compatibility given with the plugin “Woo Subscriptions”
• Compatibility given with “Carts and Checkout Blocks”
• Plugin compatible “YayCurrency & WooCommerce Multi-Currency Switcher”

Benefits

Offer convenience to your users

Your customers can plan their purchases and add enough funds to their accounts to complete them later.

Faster checkout

When your users place their orders through their wallet, they can complete their purchase quickly, which reduces cart abandonment.

Insights into future sales

You can get information about upcoming sales on your website based on your users' wallet balance.

How does it work?

Wallet fund top-up

• To add funds to the user's account, the user will have to access the top-up form in the wallet dashboard.
• Within the section, your users can enter the amount they want to add to their account and proceed to top up.

• Once the top-up button is clicked, a product will be added to the cart. Once the user completes the purchase and payment is received, the funds will be added to the user's account.

Wallet funds – partial use

• A user adds some products to the cart and wants to use some of the wallet balance on the current order.
• An option to partially redeem your wallet balance will be available in the cart and on the checkout page. The site administrator can restrict partial use of funds based on the order total.

• Users can enter the amount they wish to redeem and redeem it. Once the wallet balance is partially redeemed, the user can use other payment methods on the website and place the order.
• Once the order is placed, the balance of the Wallet used will be debited from the user's account.

Wallet Funds – Usage via Payment Gateway

• A user adds some products to the cart and proceeds to the checkout page to make a payment.
• On the checkout page, if the user has sufficient balance in the wallet to place the order, the wallet payment gateway will be visible to the user.

• If the user chooses to pay with wallet balance, he will have to select the wallet payment gateway to place the order.
• Once the order is placed, the balance of the wallet used will be debited from the user's account.

Wallet fund transfer and request

The Fund Transfer module provides the following features,

1. Users can transfer their wallet balance to other users on the website (Direct Fund Transfer)
2. Users can request funds from other users' wallets on the website (Fund Request)

Direct transfer of funds

• To transfer funds to another user, the user will need to access the Fund Transfer menu in the wallet dashboard. This can be found under Fund Transfer Details > Fund Transfer.
• Once the request form is accessed, the user must search for and identify the user to whom the fund request should be sent.
• The user will have to fill in the amount to be transferred and submit the form.

• Optionally, you can enable OTP-based authentication for additional security.
• The OTP will be sent via email. When OTP authentication is enabled, the user will need to enter the OTP to complete the fund transfer.

Request for funds

• Any user wishing to request funds from their wallet must access the Funds Transfer menu in the wallet dashboard. This can be found under Funds Transfer Details > Funds Transfer.
• Once the request form is accessed, the user must search and identify the user from whom the funds will be requested.
• The user will have to fill in the required amount and submit the form.

• Once the request is sent, the other user will be notified of a new request.
• The user can respond to the request directly from their dashboard.

• If the request is approved, the requested amount will be credited to the user's wallet.

Wallet withdrawal

• First, users must select the payment method to receive the funds withdrawn from their Wallet Dashboard [Wallet Withdrawal -> Payments].

• After that, they can submit the withdrawal request [Wallet Withdrawal -> Withdrawal Request], which is a 2-step form. First, they must enter the funds to withdraw and then they need to confirm the details.

• Once the request is successfully submitted, the requested funds will be deducted from the user's wallet.

• If a user chooses the payment method as Bank transfer, the website administrator will have to manually pay the amount into the user's account using the details provided by them.
• If a user chooses the payment method as PayPal [supports payment integration], the requested amount will be transferred to the PayPal ID from the user immediately after administrator approval.
• If the administrator rejects the submitted request, the deducted funds will be added back to the user's wallet.

Purchase of products

• Users can see the funds they will receive for purchasing products on the store page, product page, cart page, and checkout page.

• After placing the order, funds will be added to the wallet when the order status reaches processing/completion.

Automatic wallet top-up

The wallet auto-top-up module allows its users to automatically top up their wallet when the wallet balance drops below a specified threshold amount.

• To set up Auto Top-up, the user will have to access the Auto Top-up menu in the wallet dashboard.
• Within the section, based on the configuration, the user will have to select the Auto Recharge amount and the limit amount.
• After entering the value, the user will have two options,
  • They can pay the top-up amount and authorize future automatic top-ups.
  • Authorize future automatic top-ups without making any payments
• Once authorization is complete, funds will be added to the user's account whenever the wallet balance drops below a specified threshold.

Unique features offered in this plugin

• Automatic subscription renewal using wallet balance (requires WooCommerce subscriptions)
• Automatic Wallet Top-up Using WooCommerce Stripe Payment Gateway
• Gift Vouchers Module to generate Gift Vouchers in bulk
• Wallet balance with unlimited validity (optional)
• Wallet Actions module to issue wallet balances to users for account enrollment
• No tax will be charged for recharging the wallet
• Wallet balance expiration email reminder
• Wallet balance credit for daily login
• Wallet balance credit for product analysis
• Widget support
• Front-end dashboard presentation improvements
• Transaction log presentation improvements
• Displaying Cron information [Cron Name and Last Update] to user.
• Wallet balance displayed in user table

Wallet for WooCommerce helps its users quickly complete a purchase by adding funds to the site and using them for future purchases.

Requirements

Minimum PHP version: 5.6