You can add vendor categories using the Create new button or icon. When you add a vendor category, the Vendor category details form will open and the following basic attributes of the vendor category can be defined:

1. Name: You can add the name of the vendor category here.
2. Code: This is a unique code that identifies the vendor category.
3. Parent: The categorization of vendors can be refined by adding more subcategories to a certain vendor category. In this field you can specify whether you want the vendor category to be hierarchically subordinated to a parent category, e.g. under the Stone vendors parent category several subcategories like Diamond vendors, Ruby vendors, Amber vendors etc. can be set, meaning that among the stone vendors different merchants are specialized based on the stone type.
4. Default: If this option is selected, a certain vendor category will be loaded by default on the new vendor’s profile once it is created.
5. Description: You can add a description to describe the vendor category.Financial settings section
6. Discount percent: You can define a vendor category discount, every vendor who belongs to the this vendor category, receives this discount.
7. Default payment type: You can define the default payment type on vendor category level; it can be selected from a predefined list.
8. Default shipping method: You can define the default shipping method on vendor category level. This shipping method is set up for every vendor assigned to the established vendor category.
9. Default payment term: You can define the default payment term regarding the vendor category level. The selected payment term is set for every vendor assigned to the established vendor category.

Example of adding vendor categories