Dear,

Is there any way to mark the cash settlement between vendor and Store owner in the application. To be exact, there would a certain amount (Total order amount minus commission value) that the store owner have to pay to the vendor periodically according to incoming order. How can I handle this with the System?

If you want to make automatical payouts, you should definitely look at the Stripe Connect plugin.

Stripe Connect allows you to connect your vendors/sellers profiles with stripe connect accounts. Finally Stripe Connect is used to handle payments divide between sellers and to allow you automatically payout the collected commissions to sellers profile.