How does ILance handle payments?
Various ways. Users are instructed to deposit funds into their online account balance to then be able to pay for unpaid invoices, fees and other related costs such as Portfolio upgrades, Credential Verification, auction upsell enhancement fees, subscription fees, etc or you as the administrator may decide to allow “Direct Payment Functionality” via Paypal or any other payment module within ILance that support direct payment functionality. This type of interaction allows direct payment and less delays for unpaid payments (if members do not deposit funds to their account). Subscription fees on the other hand may be handled in the system on a recurring basis. This allows Paypal to interact with your ILance powered marketplace and to update their on going payments allowing their subscription plans to remain active and paid on a consistant basis until they opt to cancel. Logic within the framework of ILance allows the administrator to decide on a maximum payment date (for example 15 days) b
