Yes i know this question looks similar to Add funds to PayPal from Bank Account , but I have a legitimate circumstance why that answer is not acceptable.
I have many recipients that I need to automatically pay out each day, and need my paypal account to have suitable funds (while only making ONE call to my bank account). My bank account has transaction limits and I therefore can't afford to make 10+ withdrawals a day.
I plan on using Mass Payments api, does anyone know if this makes one lump withdrawal for the total amount of all the payments combined that are wrapped up in a mass payment?
Alternatively, does anyone know of an api way of funding a paypal account from a bank account?
Thanks
Unfortunately, there isn't any way to fund your PayPal account from your bank through the API. MassPay won't automatically do it either. You would need to have the funds already available in PayPal for MassPay to work.
Related
Sorry if this question is stupid, but:
Why we should use web-hooks for payments if paypal responds with correct statuses and information about payment, payer, sale etc. when we create payment via REST PaymentAPI. The same with payouts. Probably I don't know something?
The user (purchaser) has the option of using funds from his/her PayPal wallet (PayPal funds), linked credit card(s), or linked bank account(s). Just because the payment has been executed does not mean the funds have been transferred, especially in the case of linked bank account(s). Funds from a checking account, etc. can take several days to transfer.
I'm looking for a way to pay users to their PayPal account - ideally without manual intervention. I've looked at the MassPay & Payout APIs, but it seems that I need to hold the balance to be paid out in my PayPal account and there is no way to add funds to the PayPal account via the API.
I've also looked at the AdaptivePay API with the implicit payment option. However it fails to mention
1.) If I need to have the funds in the PayPal or if it will do an transfer from my primary banking source.
2.) What the fees for the transaction are? AFAIK it seems like payments can be made for free which would be strange considering the Payout API requires a fee.
Adaptive API with implicit payment will transfer the fund from the primary bank if balance cannot cover it, and implicit payment transaction fees is the same as normal transactions. MassPay & Payout APIs are usually used to send money to like hundreds of users while implicit payment can send money to 9 users at one time.
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.
Basically I have a script where user should have Withdraw button on his account so he can automatically withdraw money from my paypal balance
What API should I use in this case and is this available at all for paypal?
You may be interested in the Mass Pay API. You can send them in batches, say daily, weekly, or monthly.
See here for an explination directly from paypal:
https://cms.paypal.com/us/cgi-bin/?cmd=_render-content&content_ID=developer/howto_api_masspay
The MassPay API allows you to send payments to up to 250 recipients with a single API call. The payment amount for each recipient is specified individually, but all payments in a MassPay API request must have the same currency type. You can choose to specify recipients by email address or PayPal customer account number.
And here for PHP examples (if you're using PHP):
https://www.x.com/paypal-apis-masspay-php-5.3/soap
There are additional examples and a large amount of documentation on the first PayPal.com link, regardless of programming language used.
Please keep in mind Mass Pay has it's own fee schedule.
There is also Adaptive payments, which may be more up your alley, as it's designed for more fine-grained control and has a larger API available. Information can be obtained here:
https://www.x.com/content/introducing-adaptive-payments
However, the Adaptive payments will require approval of each Payment by you (the sender) via the PayPal website. If you want 100% automation, the Mass Pay API is the way to go.
Please realize a mistake here could cost you infinate amounts of money, so tread extremely carefully.
If you're attempting to withdraw money from your PayPal account and move it to your bank account that's not something you can do via the API, unfortunately. You have to do that manually through PayPal, or you can call them and request that they enable AutoSweep for you, which will automatically move the balance in PayPal to your bank at the end of each day.
Ya there is preapproval api in AdaptivePayment. You can approve the api caller for the amount he want to withdraw from your account on your behalf.
You can refer api here : https://www.x.com/developers/paypal/documentation-tools/api/preapproval-api-operation
Is there any way to add funds to my PP account from associated bank account using PayPalAPI ?
All operations must be made without user interaction.
For example: a cron runs every month(last day) - and transfers a specific amount from bank to PayPal, so later I can make a mass pay.
I'm not sure why you're trying to do this.
In the event of making a payment out of your PayPal account when you do not have the funds to cover it, PayPal will automatically pull those funds from your funding source (bank account) to cover the transaction. See ExecutePayment.
Given the above, as far as just transferring funds from your bank to your paypal account.. I'd bet they don't see a reason to do this. After all there's no real reason to just transfer funds to paypal, unless those funds are involved in immediately sending a payment to someone else..