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We are pleased to announce alpha testing of the Digital Asset Marketplace extension for WooCommerce. This powerful plugin transforms your WordPress website into an open platform for digital asset management and distribution.
What is the “Digital Asset Marketplace” Plugin?
Cyborganic Arts recognizes the importance of efficient digital asset management and distribution. If you aspire to facilitate digital asset exchange on your website, the Digital Asset Marketplace plugin is tailored to automate key processes such as profit margin distribution, accounting, and user withdrawals. The plugin extends the WooCommerce dashboard interface, providing external users with a dedicated space to upload, manage, and monetize their digital content.
Furthermore, the plugin enhances user experience. It offers a dedicated profile page for each user, showcasing their items for sale, contact options, and an integrated ratings system. Additionally, it includes a custom-built messenger for seamless communication between external users and makes slight enhancements to product and order pages, aimed at providing clarity to users who are selling or have sold an item. It also features a custom sales section making it easy for users to traverse their sales history.
Upon registration, each user is equipped with a virtual wallet, allowing the plugin to allocate credit based on WooCommerce sales events. Administrators have exclusive control over defining the commission rate, withdrawal actions, withdrawal methods, payment buffering, product status, and optional license fields through a dedicated settings area. Once withdrawal actions have been defined, client withdrawals are handled autonomously through integrated balance checks prompted for each withdrawal action. The plugin also generates revenue for the plugin administrator through transaction fees, which can be adjusted in the plugin settings.
Key Features of the Alpha Release
External User Control Over WooCommerce Store Items
With the Digital Asset Marketplace extension, external users gain unprecedented control. They can effortlessly create, upload, edit, and delete downloadable store items. The administrator retains authority over the post status, ensuring comprehensive regulation. Let your users take the lead in managing their digital assets while maintaining a strong oversight mechanism.
Adjustable Commission Rate
Experience unparalleled control over your earnings with the Digital Asset Marketplace extension. Set your desired percentage fee for each transaction on your marketplace, putting you firmly in the driver’s seat when it comes to charging for the services you provide as the administrator. Embrace the freedom to customize commission rates and efficiently manage your income stream. With our user-friendly interface, you have the tools to optimize your revenue effortlessly.
Virtual Wallet Management: Autonomous Profit Margin Distribution
The Digital Asset Marketplace plugin provides each registered user with a virtual ledger, offering a user-friendly interface for external users to effectively manage their virtual wallet and view pending transactions. Profit margins from sales are distributed autonomously amongst recipients, following a transaction. Withdrawal requests trigger an administrator-defined function that autonomously executes withdrawals, after performing essential balance checks against the users virtual ledger.
Payment Buffer Setting: Enhanced Payment Security and Refund Protection
Take full control of your marketplace with the Payment Buffer Setting, a pivotal feature of the Digital Asset Marketplace extension. Administrators can effortlessly define a time delay for payment release, providing a shield against potential refund-related challenges. When a refund is initiated, the payment transfer is promptly aborted, ensuring safe and reliable transactions for both buyers and sellers.
This feature can also ensure payments have surpassed clearance requirements imposed by merchant accounts, allowing administrators to harness the plugin without the need for existing capital. Embrace enhanced payment security and peace of mind with our Payment Buffer Setting, effectively immunizing your marketplace from points of failure and ensuring a safe environment for financial transactions.
Integrated Messenger: Seamless Communication between External Users
The Digital Asset Marketplace extension provides an integrated messenger, which facilitates seamless communication between external users. This user-friendly messenger is easily accessible from the WooCommerce dashboard, providing a convenient way for users to interact with each other. What sets our messenger apart is its ability to maintain an immutable record of communication between external users. This ensures transparency and accountability, maintaining a permanent record of user interactions.
External User Profiles: User Ratings, Items for Sale and Messenger
Discover our External User Profile feature with the Digital Asset Marketplace extension. Users enjoy a 5-star rating system, fostering trust and transparency. External users can leave ratings to share experiences and contribute towards maintaining a safe and trusted marketplace. Showcasing items for sale and enabling seamless connections through our integrated messenger. Elevate your clients user experience with our user-centric profile features.
Hyperlink and Rating of Vendors on Product and Order Pages
Experience enhanced Marketplace Transparency with our Digital Asset Marketplace extension, featuring powerful display elements. On product pages, customers gain access to vendor ratings and direct links to their profiles, fostering trust and informed decision-making. Similarly, on order pages, buyers can conveniently access vendor ratings and profiles throughout the transaction. These fixed display elements promote Marketplace Transparency, empowering buyers to make confident choices based on vendor reputation and track records. Embrace these valuable features to elevate user engagement and create a more secure and informed marketplace environment.
Optional Custom EULA: Vendor Licensing Flexibility
With the Digital Asset Marketplace extension, vendors can now offer their own End-User License Agreement (EULA) alongside their digital assets. This optional feature allows vendors to present their unique terms and conditions, offering greater licensing flexibility and customization. Buyers can review and accept the EULA during the purchase process, ensuring clarity and compliance with vendor-specific licensing requirements.
Integrated Accounting Section: Streamlined Withdrawal Tracking
Streamline financial management with the Integrated Accounting Section, a valuable component of our Digital Asset Marketplace extension. This feature automatically tracks user withdrawals by date and time, providing a clear and convenient overview of financial transactions. Accessible from the plugin settings page, the integrated accounting section allows administrators to efficiently manage and monitor withdrawals, contributing to a seamless and well-organized marketplace experience.
Why Choose “Digital Asset Marketplace” Plugin?
Cyborganic Arts Limited is committed to providing a powerful proprietary solution. One of the standout features of the Digital Asset Marketplace plugin is its pay-as-you-go model. This unique approach ensures accessibility for all without the need for existing capital. Instead of upfront license costs, a small fee is applied to each successfully completed transaction, following the administrator’s payment buffer duration. This cost-effective and flexible pricing structure makes it an ideal choice for individuals and businesses seeking a plug-and-play solution for creating an open marketplace of digital downloadable assets.
Get Involved in the Alpha Testing
We extend an invitation to you to explore the Digital Asset Marketplace plugin by downloading, installing and creating a digital asset marketplace in WordPress with WooCommerce, as we progress towards a stable release candidate. Your input is essential in refining the plugin to meet expectations of commercial software.
To get started, please visit the Digital Asset Marketplace plugin page, where you can download the software and start building your digital marketplace with our assistance.
It is our privilege to share our software with you, and we look forward to collaborating with you following an official release to gather feedback on our latest product for continuous improvement.