Not programming related, but it is related to the submission of apps to apple so I will post this question here:
I have searched the net for a while, and I have found no discussions about this; will apple deposit money into a Paypal account? Eg. If I add a paypal account into Itunes connect, will apple consider this to be a valid bank account and deposit all earnings as though it was a normal bank account?
Any help is appreciated.
No. It is not possible to use Paypal to receive payments from Apple.
See iTunes Connect FAQ
How are payments made?
All payments are made by Electronic Funds Transfer. When available, payments are sent by low value ACH, as
opposed to high value wire transfer. Apple's bank will consolidate
payments for different financial reports when possible, generally
resulting in a single payment for all earnings each month the
requirements for being paid have been met.
The payment method used (Wire/ACH) is displayed at the bottom of the
presentation of payments on the Payments page.
Related
I have a multi merchant website and in that what i need to do is when customer purchase a product 5% of the money is gone to website paypal account for service and rest of the money will be gone to seller paypal account. I need to integrate paypal in that. As paypal adaptive payments is deprecated and paypal is not providing any other solution to do that.
Can anyone please tell me any paypal service which can make it possible.
Thanks in advance.
Sounds like you need marketplace APIs. If you need PayPal APIs in specific, you can look into PayPal for Marketplaces. Braintree (A PayPal service) has better APIs here.
Stripe Connect is also a competitor with good reputation.
With all these APIs, you can control funds disbursement by specifying percentages as you mentioned in your post. I don't know what your complete use case is. So I'd suggest researching all 3 of these and choosing the one that best fits your budget and business model.
Create a mathematical equation to give you the difference between
the total and your 5% (or the seller's 95%).
Process the entire amount into your account.
Pay the seller their (95%) share by transferring that amount to their account.
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.
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.
I wanna build a web store for selling people's second hand products.
A customer adds the products into a shopping cart.
He/she pays (credit card, bank account) for it and I get the money.
The seller sends the bought products to the customer.
I get send the money to the seller (and have taken a fee for it).
People tend to mention Amazon's, Google's and PayPal's payment service but recently I came across services like Chargify and Recurly.
My questions:
How do these two differ from the other three?
Which one would support the above mentioned transaction process?
How should I set up the above transaction process?
The "big 3" require an account. How do I charge with just a credit card or bank account only?
Thanks!
Thanks for thinking of Chargify.
We're not the right thing for your need... we focus on helping a business manage many things involved in recurring billing of customers.
For what you want to do, I think one of the "Big 3" is the way to go. You've got the extra "wrinkle" of this, however: you're essentially collecting money on behalf of each Seller, and each Seller may be selling very different things and will have different levels of honesty, etc.
All of my experience is with merchants that have a traditional merchant account and payment gateway, which together allow them to charge credit cards. But the banks that issue merchant accounts want to know what each merchant (each Seller) is about. I'm 99% sure the banks dislike a single merchant account being used to sell / collect credit card payments for more than one merchant.
Anyway, to the degree that it's useful, I wrote a blog post last year about merchant accounts and payment gateways. It may be helpful to you as you explore options:
https://lancewalley.wordpress.com/2010/06/22/merchant-accounts-payment-gateways/
See my answer in Online payments for a middleman.
PayPal Adaptive Payments allows you to accept guest payments, without requiring buyers to have a PayPal account.
Another thing to think about is regional availability; Amazon / Google may sound interesting, but are not very useful if you don't live in the US or UK. Whereas PayPal Adaptive Payments is available pretty much globally (with the exception of a few countries where PayPal hasn't launched yet).
Is it possible to have one Website Payment Pro account with Paypal but process payments from multiple websites? I have found the following link https://www.paypal.com/uk/cgi-bin/webscr?cmd=_payflow-pro-faq-outside#Can_I_use_one_Payflow_Pro which states:
"Can I use one Website Payments Pro account for multiple websites?
Yes. You can use a single Website
Payments Pro account to process credit
card payments for multiple websites,
as long as all the payments are being
deposited into the same Internet
merchant account."
However, when I call the UK sales number, they state that "multiple" actually means only two websites and they have to be selling the same product.
Is there anyone who has any experience with this? Who is correct, the site or the sales hotline? Also, does anyone know any payment gateways that allow multiple website to flow through one account?
Many thanks,
Chris.
Unfortunately, PayPal cannot confirm this either way. Their website still says that you can accept payments from multiple accounts. I will have to go elsewhere.