Setting up your payment gateway (PayPal)

Here's the step-by-step guide in linking your PayPal account.

AS THE ADMIN

1. Click the Configuration tab, Setup Payments

2. Click Link Account for the PayPal 

4. Log in to your PayPal account OR create a new account

 5. After logging in, click Agree and click Done to save.

AS THE MERCHANT

1. Hover your pointer to your image profile and select Settings.

2. Click the Link Account button under PayPal.

3. Login to your PayPal account. Kindly ensure that you're not using the same PayPal account as the admin. Otherwise, an error will appear.

4. Once done, you'll be redirected to the Payment Acceptance page to show that your account has been verified.

If you use our PayPal payment gateway, the PayPal payment fee will be a percentage of the total transaction value plus a minimal fixed fee per transaction of 3.9% + 50 cents. The percentage and fixed fee will vary by country/ currency.

You can check the pricing for your country by visiting https://www.paypal.com/sg/webapps/mpp/paypal-seller-fees  and pick your country on the bottom right of the page.

Unlike Stripe, PayPal also charges a commission from the marketplace admin, so it is important to take note that your marketplace admin commission percentage should be enough to cover the PayPal fee. Therefore, in your PayPal payment summary, it will reflect 2 recipients as one payment is to you, the marketplace admin (admin fees), and another payment are to your marketplace seller.

To understand how the fees are calculated, here is an example for you to follow:

To Note:

1. Japanese yen (JPY), Hungarian forint (HUF), New Taiwan dollar (TWD) do not support decimals. If you pass a decimal amount, an error occurs.

Brazilian Real (BRL) and Malaysia Ringgit (MYR) are supported as a payment currency and a currency balance for in-country PayPal accounts only. If the receiver of funds is not from Brazil, then PayPal converts funds into the primary holding currency of the account with the applicable currency conversion rate. The currency conversion rate includes PayPal's applicable spread or fee.

Indian rupee (INR) is supported as a payment currency and a currency balance for in-country PayPal India accounts only.

Click here for more information on currency codes for PayPal 

2. If the admin and the seller are two different users, please make sure that they are not using the same payment account 

3. If you decide to change your PayPal account, simply log in with your new PayPal account under the Payment & transactions tab and follow the steps above, or refer to this article.

Alternatively, this video link will assist you in understanding the flow of payment for the payment method that you have integrated.