myCred cashCred Stripe Addon GPL v2.2.9

myCred cashCred Stripe Addon GPL Overview

The myCred cashCred Stripe Addon is a premium plugin that allows users to redeem their myCred points for real money and withdraw it using the Stripe payment gateway. With this addon, administrators can choose between Auto Withdrawal and Manual Withdrawal modes, giving them full control over the cash withdrawal process.

Features of myCred cashCred Stripe Addon GPL

1. Auto Withdrawal

• Automatic Payments:
  Users can automatically withdraw their cash equivalent to their myCred points using Stripe. This automated process eliminates manual intervention for straightforward cash withdrawals.

2. Manual Withdrawal

• Admin Control:
  Admins can opt for manual withdrawals, where users submit requests, and the admin has full control over approving or rejecting these requests.

3. Manual-Request Status

• Track Requests:
  Users can track the status of their withdrawal requests, with three possible statuses:
  • Pending
  • Approved
  • Cancelled
    Admins have the authority to change the status and approve or reject requests.

4. Minimum Points

• Point Thresholds:
  Admins can set a minimum points requirement for users to redeem points for cash via Stripe. This ensures that users can only withdraw after reaching a certain threshold.

5. Maximum Points

• Point Limits:
  Admins can also set a maximum points limit, determining how many points a user can redeem for cash in a single withdrawal.

6. Currency Types & Exchange Rates

• Flexible Currency Settings:
  Admins can configure the currency type and exchange rates for cash withdrawals, allowing for customization based on the currency preferences of the website.

7. Custom Point Type

• Create Custom Points:
  Admins can create custom point types from the myCred settings page, providing flexibility in how points are managed and redeemed.

8. Debugging Log

• Transaction Monitoring:
  The addon includes a debugging log where admins can view the results of requests sent through the Stripe payment gateway. This helps track transactions and ensure everything is running smoothly.

Benefits of myCred cashCred Stripe Addon GPL

1. Seamless Cash Withdrawals:
   The Auto Withdrawal feature allows users to easily redeem their points for cash, which is automatically processed via Stripe, offering a smooth experience for both users and admins.
2. Admin Flexibility:
   The Manual Withdrawal mode gives administrators full control over the approval process, ensuring that only valid withdrawal requests are processed.
3. Customizable Withdrawal Limits:
   The ability to set minimum and maximum points limits for withdrawals helps maintain control over how points are redeemed and ensures fair use of the system.
4. Trackable Transactions:
   Admins can monitor all transactions and withdrawal requests through the debugging log, providing transparency and accountability.
5. Multi-Currency Support:
   The option to configure currency types and exchange rates allows for a global reach, supporting users in different regions with customized payment settings.

The myCred cashCred Stripe Addon GPL is an essential tool for websites looking to offer users the ability to redeem their myCred points for real money through the Stripe payment gateway. It combines user convenience with administrative control, making it an ideal solution for websites that want to monetize their point systems efficiently.