Credit systems are the norm for digital products. On your freelance marketplace website, FrE Credit Extension works as the virtual currency system. Users (employers & freelancers) pay to buy credits and use these credits to make any transactions on your site. Especially, Credit Extension is integrated into Escrow. Hence, you don’t need complicated PayPal Adaptive or Stripe Connect API but are still able to use Escrow payment. How to do it? Simply install FrE Credit Extension on your freelance WordPress website.
Quicker payments, happier customers
FrE Credit Extension is made for some reasons.
First, PayPal Adaptive and Stripe Connect, though popular, are not worldwide available, while one of these two payment gateways is required to handle Escrow payments on your site. In this context, Credit Extension will replace these two gateways to work with Escrow.
FYI: Escrow allows for safer payments by acting as a neutral third party for online transaction. Escrow payment in FreelanceEngine would hold employer’s payment until the freelancer completes the project and as a result, the employer releases payment to the freelancer.
Additionally, users on your site would have better security using credit system. Their account information is only exposed when they buy or withdraw credit. Other transactions are completed using a secure code.
Moreover, even when you’re in a country where PayPal Adaptive or Stripe Connect API is supported, the setup process is so long and complicated that you need a simpler solution. So, FrE Credit is the extension you’re looking for.
Features of FrE Credit Extension 1.0
- Email template
Receive email notifications when users add more or withdraw credits, or request secure codes on your site.
- Multi credit plans
You can set up different credit packages in back-end and users would buy credit by choosing a suitable package.
- Access prevention
Temporarily disable credit system on site in case something goes wrong.
- Conversion rate
For ease of use, the conversion rate between real money and the number of credits is 1-1.
- Minimum withdrawal amount
Set up the smallest amount of money a user can withdraw per transaction.
Users (employers & freelancers)
- Secure code
Each user is provided a secure code to complete transactions on site. Users can also request a new code if forgotten.
- Changelog management
Users can easily manage all their transaction history in profile page.
- Buy more or withdraw credit
Users can buy more or withdraw credits right on front-end.
- Withdraw credit via PayPal account or bank account
FrE Credit supports money withdrawal via PayPal or bank account. Employers and freelancers can send withdrawal requests to admin, and admin would manually send money to users.
Update: How to use FrE Credit with Escrow System in FreelanceEngine
We have added the tutorial guiding you through the workflow of this extension. Check it out here.
Enjoy FreelanceEngine 20% discount – Till Feb 15, 2016
New year is the great time to make a start on great things. If you still haven’t made up your mind, just try FrE Credit on our demo to see how it benefits you.
If you like it, use promo code CREDIT20 to save 20% for this cool extension and all other FreelanceEngine products (themes, extensions, & packages). This promotion is valid until Feb 15, 2016.
How to get it? Simply enter promo code CREDIT20 at checkout to receive 20% discount.
As we are developing more supportive plugins for FreelanceEngine theme, it would be great hearing your feedbacks so that we could better serve your needs. Stay tuned for our detailed FrE Credit tutorials!
Have a happy shopping time at EngineThemes!