PayPal Split Payments
Split the payment between the seller & the marketplace owner without waiting for confirmation
The PayPal Split Payments payment method transfers money to the seller & the marketplace owner instantly - without waiting for confirmation.
This method transfers all the responsibility to the seller and completely removes the need for involvement from the marketplace owner. The latter simply collects the commission fee.
This method is NOT recommended but may be useful if you do not have access to 'PayPal Commerce Platform'. Alternatively, you may use Stripe which is the preferred method of payment.
1. Credit card security:
When you sign up for a PayPal account, you type in the credit cards and bank accounts you wish to use for purchases one time on the PayPal secure system. Once that is accomplished, you never again have to disclose your credit card information online. By paying with PayPal, you keep your credit card information private, meaning that you can shop without worrying about a hacker downloading your account data from your online merchant.
Relieve yourself of the embarrassment and hassle of trying to purchase goods and services online only to have your credit card declined. Because you can set up multiple bank accounts, debit cards, and credit cards to fund your PayPal account, you can rest assured that your PayPal purchases always go through the first time. PayPal will then look for funds from your sources based on the order you define.
One of the best reasons for using PayPal is its cost: free. That’s right. No annual membership fees, no processing fees, no service charges. Shoppers using PayPal get all the powerful advantages associated with the service and do not have to pay one dime.
Who should use this addon?
This add-on can be used by those marketplace owners who don't have Stripe and want to enable the online transaction on their site. Even though Marketplacekit suggests its users to use Stripe, those customers who don't have Stripe set up, can use this add-on and receive online payments.
Split the payment between the seller & the marketplace owner without waiting for confirmation.
Why use this?
PayPal Split Payments not only allow you to take money from other PayPal accounts, but it also lets you split the payment between the seller and the marketplace owner without waiting for confirmation.
- You can split the payment between the seller and the marketplace owner without waiting for confirmation.
- Faster and safer transactions.
How it works
To enable PayPal please click on “Payments” in the sidebar.
Then click “Enter payment details” In the next screen you’re required to enter the following details:
Name – The name of the payment method e.g. PayPal
Display name – The name that you’d like users to see, usually the same as Name
Icon – this icon will appear when users checkout
Description – Sellers will see this message when connecting their account
Payment instructions – Buyers will see this message when checking out
PayPal email – this is your email where you’ll receive marketplace service fees
Finally, you’ll need to login to PayPal and fetch your API keys. Please note, you’ll need a business account to use this.
Login to your PayPal account and go to the settings page. click on “My selling tools”, then “update” in the API access section. Click on “Manage API credentials” in the “NVP/SOAP API integration” (classic) section. Now click show next to API Username, API Password and Signature. Copy these Keys into the admin panel and click on submit.
Now your sellers will be able to see a “Connect with PayPal” button in their payments method page page e.g. yourdomain/account/bank-account
You must also have a working installation of MarketplaceKit. After your purchase, you will get 6 months access to a git repo from where you can download and install the package.
To install this package run
composer require marketplacekit/paypalsplit
Then activate the addon in the admin panel.
Note: This addon is included FREE in the fully managed hosted package.
Have any questions before or after purchase? Get help at any time!
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