I have a wordpress site which payment methods are PayPal Payouts and stripe connect.stripe and PayPal work correctly however there is a small problem. The funds paid should be split. 5.5% to admin and 94.5% to vendors. Now all of the funds are going to admin and not vendors. I need help to configure
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I have been building a marketplace application with an iOS app as front-end that drives the business. The app can accept payment either through a paypal account or a credit card. I have integrated Braintree iOS SDK into my app and linked the paypal business account in Braintree controlpanel. The funds processed using PayPal are being routed to the paypal and those processed using cards end up in the bank account linked with Braintree merchant.
Now, the core of the application is to take a certain commission and payout the rest to the sellers involved in transaction. I have taken the seller's PayPal ID at the time of registration to pay them.I have explored the PayPal docs and found that Payouts REST API does exactly what I need provided I maintain the required balance in the merchant account.This is where things came to a standstill. Specifically, I need to get confirmation on the below points
1.As there are two different places(paypal merchant and bank account
linked to braintree) where my funds are parked, Is there any
possibility that the transaction could directly be funded from the
bank account if the same is linked to both merchant accounts?
2.Will PayPal withdraw the entire amount at once or in partial
transactions.
Can anyone who have been in a similar situation suggest how to go about paying out the sellers. I am open to any alternative that satisfies all the requirements of the app.
I'm developing a mobile app and a website that allow the user to pay for a good. I need to split the payment in two parts, one to the seller and one to the market owner.
I thought of using Braintree for allow the user to choose to pay with credit card or paypal, but I know that the Braintree Marketplace is available only for merchants in the United States as writed here: https://developer.paypal.com/docs/marketplace/
So I have read that I can use the Paypal Adaptive Payment for split a payment, but I know that Adaptive Payments is now a limited release product. It is restricted to select partners for approved use cases and should not be used for new integrations without guidance from PayPal. It's writed here: https://developer.paypal.com/docs/classic/adaptive-payments/integration-guide/APIntro/
Then I thought of using Braintree sdk for let the user to pay the entire payment to the market owner account, and then using Paypal Payouts api for send a part of the payment to the seller's paypal account. But in this way I will pay the fees two time. It's right? https://developer.paypal.com/docs/integration/direct/payouts/
So, what is the best way for European merchants to split a payment using Braintree / Paypal?
I would really like to use Paypal for my marketplace I am developing. I need to allow users to enter their paypal email address and whenever customers purchase that users products I take a small fee then the rest of the money goes to the user who listed the product.
What paypal service is the best for these types of payments? (me taking a transaction fee and sending the rest of the money to another paypal account)
I was looking into paypal express checkout, but can't find any info on sending some payouts to the users listing products. Also does express checkout require that the customer have a paypal account?
In case you are wondering and finding an answer, Express Checkout now comes with Parallel Payments. Read it here. As Adaptive Payment Parallel Payment now deprecated, the option left is using Express Checkout.
I have been trying to get a sensible answer from PayPal for days now. They are planning to release a protocol to support a market place in 2020 but not date yet. They have also confirmed (after talking to sales & tech support) that PayPal cannot be used for market places where your platform is nothing more than a broker.
Stripe Connect (Standard account) is probably the best solution out there.
I am building a project that might be a bit complicated and I have to use paypal for this.
There are many users in the app and they can be receivers, payers or both. The receivers/sellers provide certain services and the payers have to pay their sellers monthly. So if the user agrees to pay, the paypal will charge him monthly and automatically. The users need to register as paypal member and get authorized from paypal beforehand so I can use their emails for the transactions in the app.
I am thinking of using paypal express checkout with recurring apis, but I am not sure if it is the right decision and no clue if it is working. Any suggestions? thanks.
You could use either Express Checkout, Subscriptions w/ Website Payments Standard, or Enhanced Recurring Payments w/ Website Payments Standard. Either one of these would allow you to set up recurring payments. Enhanced Recurring Payments is the only one that would have a monthly charge associated with it. Express Checkout and Subscriptions w/ Website Payments Standard would not have a monthly charge. However, Enhanced Recurring Payments allows the buyer to sign up for a subscription without having to have a PayPal account, and they can just use their credit card. Express Checkout and Subscriptions w/ Website Payments Standard require the buyer to have a PayPal account. They can still be billed via credit card, but they have to have the credit card attached to their PayPal account. The subscription would bill the PayPal account, and the PayPal account would pull the funds from the credit card on the account.
With a PayPal account, your users can receive or send funds based on the country these accounts are located in.
We are a UK-based marketplace site that wants to never force buyers to sign up for paypal. We allow users to set up customized stores through our site, and our second requirement is that these users be able to become sellers with only a basic paypal account. When a buyer makes a purchase, we are the primary receiver, taking 15% and passing on the entire paypal fees to the secondary receiver (user), as well as all the remainder of the transaction. My question is: What's the best solution paypal offers for this? It seems that chained payments would be, but if I understand correctly the Website Payments Pro system is the only one that guarantees that buyers outside the UK wouldn't need a paypal account. Is there a way to take the money in ourselves with Website Payments Pro and use the API so it transfers the 85% (minus the fees) to the user's paypal account?
It depends on what approach you want to take.
I would prefer Chained Payments as it allows guest checkout (credit card payments outside a PayPal account) with certain restrictions and will easily allow the user to receive the funds and automatically forwards the 15% cut to your account. This removes the need to collect funds outside of the payment flow. This means no invoicing or no lost dues!
Website Payments Pro only offers credit card payments however you would also need to offer Express Checkout for PayPal payments as well. You also have the flexibility of hosting the order form so you control what the users see. The downside is you'd have to collect funds from the user outside the payments. Such as monthly invoicing, billing agreements or manual processing.
Here is the criteria we use to allow guest checkout. Please keep in mind these are due to rules and regulations, not PayPal's choosing.
The credit card has a lifetime limit of 10 purchases outside a PayPal account
The user's email address must not be attached to an existing PayPal account
I don't have a direct answer for you but hopefully this helps make your decision.