Can I use PayPal as currency conversion.
I run a global site, and am introducing multiple currency - USD, GBP, EUR, AUD, YEN.
When a user selects their selected currency I need the prices to reflect the conversion across our web and mobile platform
You can use PayPal to charge buyers in all these currencies, but unfortunately you cannot use PayPal for all your currency conversion and display the prices on your site.
However, if you're selling in GBP and your buyer's funding sources are in EUR, we will of course automatically convert these.
Note; our Adaptive Payments product does offer a 'CurrencyConversion' API call, but this API call is not intended for on-the-fly calculation for your product listings.
Related
We have an online platform where we sell our product and we use Paypal to handle payments. Our customers are shown the amount they need to pay in Lek. Since our home currency, Albanian Lek, is not supported in Paypal, we convert the order price in Euro and we pass that to PayPal on checkout.
When checking out, PayPal converts the amount from Euro back to Lek, using their own conversion rates, which charges the customer a higher amount that the one they were shown in the beginning.
We want to be transparent with our customers and we don't want to show them a different amount to be paid when they checkout.
How can we get around this? Our options are:
Get PayPal's conversion rates, do a reverse calculation ourselves and display the right price to the customer.
Have the user pay the exact amount they were told in the beginning and we pay the conversion cost.
Any other ideas than the ones mentioned?
If you have a PayPal account manager, you can ask them about presentment currencies.
Assuming you do not have such a PayPal business contact (most do not), the best solution is to simply display actual EUR prices on your site. An approximate LEK conversion can be shown alongside, if you must, but the EUR price is what will be used for the actual PayPal transaction.
The payer will only see a conversion from some local currency to EUR if they are using a funding source denominated in that local currency.. This conversion happens prior to the EUR payment being made, which again is the actual PayPal transaction between that payer and the receiver account; any conversion from LEK (or other local currency) to EUR is happening before the actual PayPal transaction in EUR
I m planning to integrate micropayment in my ASP.NET website. I need to use PayPal to achieve this.
The cost of the service I deliver is low, about $1 per month. I'd like to know more about PayPal service for this kind of cheap transactions.
How much does PayPal hold for each $1 payment ? I found this explaining the PayPal conditions for micropayment. Any feedback on this ?
Plus, how does PayPal handle currency conversion ? My service is worldwide, so I want my users to be able to buy my product not only using dollars, but euros or another currency.
Thanks
In the link you quoted the fees section is expandable and you can see the Micropayments pricing:
5% + $0.05
Signing up for it doesn't require any vetting or contract changes. Contact Customer Service and they file a request to a team that enables Micropayments. Should be done within a few days.
Currency conversion and cross-border transacitons are also in this page:
International Sales: The pricing table above applies to domestic payments in US dollars. There's an additional 2.5% charge for any currency conversion and a 1% charge to receive payments from another country.
If you decide to charge your buyers in USD only, they will be able to choose if they wish he card issuer or PayPal to convert the money. Most won't even notice the conversion took place and it will make your reconciliation much easier.
I've been working on a minimalist e-commerce website where I am trying to leverage Paypal's Add To Cart and View Cart buttons for the financial aspect of this website. However, I found out if you are not a U.S merchant you are restricted on Paypal's shipping calculator by not being able to calculate shipping by weight and region.
I am looking for alternatives to making a full e-commerce site, where the users do not have to register or type in their personal information or charge a fixed shipping rate for products.
I am curious on what everyone thinks regarding the user experience of a user entering their zip/postal code into an input box and being presented with a total price by estimated shipping prices (from UPS' API, Canada Post's API), and calculating taxes by region for each product. Otherwise, offer an option for the base product price plus a warning that the shipping and taxes are pending without specifying their zip/postal codes. If you have any other ideas, I would be glad to read them!
Thanks for your time!
That's what I typically recommend doing...gathering shipping directly from shipping carrier API's and then passing those values into the shopping cart / payment integration accordingly.
Any PayPal integration you choose would allow you to pass those details in be it Payments Standard, Express Checkout, Payments Pro, etc.
Using Paypal's Adaptive Payments API, I am selling physical items that require a ship to address - on the Paypal purchase page I inform Paypal to have the customer select an address. If I have sales tax rules set up on my merchant account, how do I get Adaptive Payments to add sales tax to the order - I hand it the subtotal, and based on the state in the address the user selects, it calculates and adds the sales tax to that subtotal for a grand total?
Isn't this the entire point of Paypal - customer provides this information to Paypal, and then provides me only the information I need for the transaction?
You're right but AFAIK, since PayPal does not want to keep tax rates which differ for countries and type of goods you ship. So, you can either try using
GetShippingAddresses
api call before executing the payment, and add
totalTax
information during
SetPaymentsOptions
call..
Doesn't seem to be able to compute this on its own - I ended up keeping a hack of a solution in place. Prompt the user to provide the state to which the goods will be shipped to, and then calculate the tax on my own before sending the order total (subtotal + tax) to the Paypal workflow. Disappointing, IMO.
On our site user can make paypal donations to other users in different currencies, but we want to hold payment statistics in USD, is there any way to get in the paypal IPN payment gross, automaticly converted to US Dollars?
you achieve this by getting the gross in that currency and then multiplying it by the current USD rate. you can not get it in IPN because it sends variable only relating to your transaction. you need to do it manually when variables are received.
curent currency rates can be get by PayPal Api for currency conversion, here is link to documentation:
PayPal Currency Conversion API
Hope this helps.