How to Manage E-Wallet in Odoo 18 Sales | Odoo 18 Sales Tutorials | Odoo 18 New Features | Odoo 18
5In Odoo, an eWallet is a digital payment solution integrated into the Odoo platform to help businesses and users store funds, process transactions, and manage their finances directly within the system. It acts as a virtual wallet that can hold and manage funds for different purposes, streamlining payments and financial operations.
Digital Balance Management: Users can load money into their eWallet, which stores their balance digitally. This balance can then be used for various transactions within the Odoo system, such as purchasing products, paying invoices, or handling service fees.
Transactions and Transfers: eWallets in Odoo allow users to make transactions or transfer funds easily within the Odoo environment. This can be useful for businesses that handle regular customer transactions, as it enables seamless in-app payments.
Integration with Sales and POS: In modules like Sales and Point of Sale (POS), the eWallet feature provides a streamlined payment option where users can choose to pay directly from their stored balance, enhancing convenience and speed.
Reward Programs and Loyalty Points: Some businesses use eWallets as part of their loyalty programs, allowing customers to accumulate points or rewards that they can redeem as part of their balance.
Payment Processing and Reconciliation: eWallets in Odoo simplify the reconciliation process, as all transactions are recorded and can be tracked against customer orders and payments, aiding in better financial management and accounting.
Customer and Employee Wallets: Odoo allows for the creation of different types of eWallets. For example, customers can have an eWallet for purchases, and employees may have wallets for reimbursements or company-provided allowances.
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