Making money off the interest from money sitting in the deposit section of "My Account"

1 post
  • Has been part of the Envato Community for over 4 years
  • Located in United States

Where do I find a plugin, widget or application like a paypal or google checkout that will hold deposit money for consumers while they are shopping? This will make our consumer a qualified buyer to proposed seller of the product. How does this work? Does it generate interest? How can we keep that interest?

1148 posts
  • Has referred 1+ members
  • Has sold $1,000+ on Envato Market
  • Has been a beta tester for an Envato feature
  • Has collected 10+ items on Envato Market
+3 more

Are you talking about a system like Envato’s, where customers buy credits first, and then buy products from this balance? You can do this very easily with PayPal. As far as earning interest on that, you can do it by withdrawing the proceeds from PayPal and putting them in an interest or income generating account (e.g. money market, CD, savings, brokerage). If you are paying sellers, you just transfer enough back into PayPal to cover your payouts and use the Mass Pay API . With any luck, over time, you’ll have an average balance in your income generating account high enough to pay a decent amount.

Helpful Information

  • Please read our community guidelines. Self promotion and discussion of piracy is not allowed.
  • Open a support ticket if you would like specific help with your account, deposits or purchases.
  • Item Support by authors is optional and may vary. Please see the Support tab on each item page.

Most of all, enjoy your time here. Thank you for being a valued Envato community member.

Post Reply

Format your entry with some basic HTML. Read the Full Details, or here is a refresher:

<strong></strong> to make things bold
<em></em> to emphasize
<ul><li> or <ol><li> to make lists
<h3> or <h4> to make headings
<pre></pre> for code blocks
<code></code> for a few words of code
<a></a> for links
<img> to paste in an image (it'll need to be hosted somewhere else though)
<blockquote></blockquote> to quote somebody

:grin: :shocked: :cry: Complete List of Smiley Codes