Tag: Digital wallet

Prestashop Wallet System module_User Manual

1.1 Introduction

The Prestashop Wallet System module is an addon that enables the customer to make the payment for the product purchased at the time of check-out using the e-wallet system. Thus, simplifying the customer buying experience by providing them with a simple and easy-to-use digital payment method.

2. Installation Guide

The folder structure of the Prestashop Customer Wallet System module folder.

prestashop-wallet-system-module_folder-structure

Copy the module folder under the “root_directory/modules/” of the admin store via FTP or use the Prestashop interface to upload the plugin.
Further, after copying, the Prestashop module will be listed on the module listing page in the admin panel as given in the below screen.

The admin will be able to find the Prestashop Wallet System ready to be installed in the Modules in the admin PrestaShop store as shown below.
Therefore, click on the Install link to install the plugin.

3. User Manual

This User Manual provides the admin with the guidelines of this Prestashop Wallet System Addon. In fact, this e-wallet module contains 2 interfaces:

  • Admin Interface
  • Front-End Interface

3.1 Admin Interface

To access this module, click on the “Wallet Module” button of Prestashop Customer Wallet Addon. Further, on clicking, the admin will get three different options:

  • General Settings
  • Customer Wallets
  • Orders

3.1.1 General Settings

3.1.1.1 Enable/Disable the Module

Using this button the admin can easily enable the Prestashop Customer Wallet plugin. In fact, the admin just needs to toggle from No to Yes.

Note: The default value will be “No.”

3.1.1.2 Enable/Disable the partial payment

This Prestashop Customer Wallet Addon will help the admin empower the customer to make a part payment using the digital wallet. In addition, the remaining payment is usable from the other payment options. In fact, to enable this option the admin just needs to switch the Enable button from No to Yes.

3.1.1.3 Activate/Deactivate Allow negative balance

Through this option, the admin can simply allow the negative balance in the e-wallet. Further, the default option selected here will be No. In fact, if the admin wants to enable it, he needs to toggle the button to Yes.

Note: If the wallet amount is less than the total order amount then still the order will be placed and the wallet amount will be set in negative value.

3.1.1.4 Enable/Disable Allow order discount

Using this option, the admin can either enable or disable the option to permit a discount on placing an order using the wallet. However, the customer will be able to enjoy the discounted price of the product only when they choose Wallet as their payment option.

In addition to this, if the admin enables it, he will get different options

3.1.1.5 Minimum Cart Amount

This will help the admin to set the minimum order amount on which the discount will be applicable. For Instance, $100.

3.1.1.6 Discount Type

Using the Prestashop customer wallet addon, the admin will be able to choose between two different types of discounts:

a. Fixed: For Instance $10

b. Percentage: For Instance 10%

On the basis of this, the customer will be able to reap the benefits of discounts under this e-wallet system plugin.

3.1.1.7 Validity

This option of Prestashop Customer wallet addon will help the admin to set the time period for which the discount will be valid.

3.1.1.8 Initial Order Status

The admin can choose the initial order status to display when the customer chooses to pay from the wallet. The following are the options:

  • Awaiting Bank Wire Payment
  • Awaiting Cash on Delivery Validation
  • Canceled
  • Awaiting Check Payment
  • Delivered
  • Mobile App Awaiting PayPal Payment
  • Mobile App PayPal Payment Accepted
  • On Back Order (Not Paid)
  • On Back Order (Paid)
  • Payment Accepted
  • Payment Error
  • Processing in Progress
  • Refunded
  • Remote Payment Accepted
  • Shipped
3.1.1.9 Recharge Statuses

Depending on the Order status, the admin can set the recharge statuses. The options available are:

  • Awaiting Bank Wire Payment
  • Awaiting Cash on Delivery Validation
  • Canceled
  • Awaiting Check Payment
  • Delivered
  • Mobile App Awaiting PayPal Payment
  • Mobile App PayPal Payment Accepted
  • On Back Order (Not Paid)
  • On Back Order (Paid)
  • Payment Accepted
  • Payment Error
  • Processing in Progress
  • Refunded
  • Remote Payment Accepted
  • Shipped
3.1.1.10 Cancel Recharge Statuses

Depending on the Order status, the admin can cancel the recharge statuses. The options available are:

  • Awaiting Bank Wire Payment
  • Awaiting Cash on Delivery Validation
  • Canceled
  • Awaiting Check Payment
  • Delivered
  • Mobile App Awaiting PayPal Payment
  • Mobile App PayPal Payment Accepted
  • On Back Order (Not Paid)
  • On Back Order (Paid)
  • Payment Accepted
  • Payment Error
  • Processing in Progress
  • Refunded
  • Remote Payment Accepted
  • Shipped
3.1.1.11 Display a deposit funds link

By utilizing this option, the admin can easily enable or disable the static quick link. If this option is enabled the customer will be able to recharge the wallet while staying on the product page.

3.1.1.12 Product Name for the wallet

As the option suggests, the admin can easily set the e-wallet name. For instance, PSWALLET.

3.1.1.13 Upload Image

By using this option of the Prestashop customer wallet plugin, the admin can easily upload and set the image for the e-wallet.

3.1.1.14 Enable Minimum and Maximum Amount for Recharge

This option will allow the admin to set the minimum and maximum range for recharging the e-wallet. To enable this feature Switch the option from No to Yes.

  • Minimum Amount for Recharge: For instance $100
  • Maximum Amount for Recharge: For instance $500

Note: If you disable this option, the admin needs to set the default values for digital wallet recharge. Moreover, the admin needs to keep in mind that he needs to separate the default recharge values by comma.

3.1.1.15 Executing Cron functionality

The admin can add the cron to the store via control panel/putty to delete Recharge products automatically.

3.2 Customer Wallets

In this section of the Prestashop Customer Wallet System addon, the admin can track all the customers using the wallet. In fact, he can even view the following details of the customers:

  • Customer ID
  • Email
  • First Name
  • Last Name
  • Total Recharge
  • Amount Spent
  • Canceled/Pending Balance
  • Remaining Balance; and
  • Date Created

In fact, the admin can view a detailed report of every customer in this section. In addition, he can also edit the same. For instance, he can recharge the customer’s wallet. Further, he can even debit an amount from the same.

3.3 Wallet Orders

In this section of the Prestashop Customer Wallet Addon, the admin can view all the transactions made with the wallet. In addition, he can apply filters as per the date the orders were placed.

Please contact us at support@knowband.com for any query or custom change request as per your business requirement.

Mobile Wallet/Digital Wallet vs Credit Card/Debit Card

E-commerce merchants always look to make the online shopping experience of their customers convenient and better than ever. And it’s vital because the eCommerce market is heavily occupied and the competition is fierce. Customers have too many options to choose from which makes it important for you to stay ahead of the game and meet the demands of the customers.

Online shoppers are attracted towards the brand or the website that provides them with a smooth shopping experience, which includes certain factors such as faster loading of web pages, appealing UI, quick and simplified checkout, and mobile-friendliness. Apart from these, what consumers demand is the availability of multiple payment options, in which digital wallets have a huge role to play.

What is a Digital Wallet?

A digital wallet, also known as e-wallet, stores users’ payment information (Credit Card or Debit Card Details) on a single place and allows them to make hassle-free transactions without having to enter their card details every time.

When you make payment at a store through a mobile app, it is also a digital wallet though it is often termed as Mobile Wallet.

You can say that a digital wallet is the parent category while the mobile wallet is the child. The slight difference between both is that mobile wallet is an online payment app on your smartphone whereas digital Wallet can be found across devices including desktop, laptop and mobile.

PayPal is one of the most popular digital wallets accepted by millions of online merchants. Some other popular digital wallets that consumers make use of nowadays are Amazon Pay, Google Pay, Apple Pay, Paytm, etc.

Why Digital Wallets are preferred over Credit Cards?

Consumers love digital wallets. As simple as that! There’s a reason why so many companies are coming forward with their owned digital wallet.

Why customers love them and why they are trending among online shoppers is simply because it makes their shopping experience convenient and effortless. They no longer need to take out their credit card or debit card from their wallet and enter their card details like card number, card validity, and security code which we also call CVV.

People do fear taking out their credit card in public which is obvious considering the theft that happens nowadays. A digital wallet eliminates that fear completely. Wherever you are, you can easily do online shopping.

Moreover, the payments made through digital wallets are highly secured. So, one doesn’t need to be concerned about their details being shared online.

Digital wallets are not only restricted to online shopping but they are accepted at maximum brick-and-mortar stores. This also eliminates the need to carry a credit card or cash whenever going outside like shopping malls or restaurants. At the checkout counter, they can simply scan the QR code through the app on their smartphone or ask the concerned person regarding the digital wallets they accept.

For a majority of customers, a digital wallet is a one-stop solution for everything, be it about shopping offline or online.

Benefits of Digital Wallets for Merchants

In the above paragraph, I have already covered the advantages of digital wallets for consumers and why they are a better option than credit cards. Let’s now understand how digital wallets can be beneficial for eCommerce retailers as well.

Gone are those days where you could grow your business by having only Credit Card and Debit Card as your payment modes. Surviving in today’s competitive eCommerce market requires integrating multiple payment options including digital wallets.

A majority of the online shoppers, even the one who shop offline, make use of digital wallets to conduct transactions. Most of the people own a smartphone and have access to the Internet and that’s why most people prefer to pay via their mobile devices.

Mobile Commerce has already gone past eCommerce in terms of conversions and sales, and it is growing every day. As per the stats collected by Statista, Mobile Commerce or m-commerce sales made a figure of 268.78 billion USD in the United States in 2019, and the number is expected to touch the 340 billion USD mark by 2020.

Conclusion

Just because Mobile Wallets/Digital Wallets have an upper hand over Credit Card and Debit Cards does not mean that you should stop accepting the latter at your online store. Some people still prefer paying through their cards than setting up a digital wallet.

Credit Cards are the old-school method and they should never be abandoned.

So the conclusion that we take out from this article is that accept both but keep your major focus on digital wallets.

We, at Knowband also offer different modules to integrate multiple payment options on your website including digital wallets. Some of the best modules that we have for this are One Page Checkout and Mobile App Builder. Do check them out. Know more: