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V2V payments

Overview

The vendor 2 vendor payment option allows you to receive payments for your products from other Avangate vendors. Instead of using a credit card for their purchases when buying your product, vendors can use their Avangate balance, thus benefiting from an increased security and less accounting hassle.

Availability

Contact Avangate for details. 

What are V2V payments?

The vendor 2 vendor payment option is a "hidden" payment method, since Avangate doesn't display it in the shopping cart by default. However, you can trigger it by simply adding the parameter PAY_TYPE=VENDOR2VENDOR to either the Avangate shopping cart page or checkout page URLs. This will also auto-select it in the payment methods list.

Once you place an order with this payment method, Avangate sends the usual notifications to the software vendor (by email or IPN). The buyer receives an order invoice and the product delivery is done as for a regular order.

Every vendor who makes a payment to another Avangate vendor must confirm the order and payment via Avangate Control Panel in Accounting -> Direct payments. The payment will be automatically deducted from the next periodic funds transfer.

Manage V2V payments

You can see your vendor to vendor payments and generate reports based on them from the Accounting -> Direct payments menu.

  1. Use the V2V Payments search section to generate reports of unconfirmed payments based on payment date or reference.
  2. Once you have finished configuring your filters, click Search. The report is displayed below and it contains 10 results/page. You can extend the displayed results number to 200 results/page.
  3. The report shows you the date of the order, the amount paid, the name used when the order was placed and the URL of the website you purchased the product from.
  4. To proceed with the payment, click Authorize. If you don't want to make the payment, click Reject.
  5. You can also export the entire generated report in CSV format by clicking Export as CSV.

View your V2V payments history

  1. Go to the V2V History tab to generate reports of authorized or rejected payments that you have made to other vendors. Use the search section to choose the order reference, payment date or order status.
  2. Once you have finished configuring your filters, click Search. The report is displayed below and it contains 10 results/page. You can extend the displayed results number to 200 results/page.
  3. The report shows you the date of the order, the amount paid, the name used when the order was placed and the URL of the website you purchased the product from. You can also see the status of the payment, authorized or rejected.