Cutting percentage of money from buyer to seller payments
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Hi, I am trying to build an online marketplace website and want to integrate PayPal in the website for accepting payments. The marketplace will have have sellers offering various products to buyers. I want to cut a percentage of the money that buyers pay to sellers to keep as profit. For example if a buyer pays $10 for an item, I want to keep 10% of it and pay the seller $9. My solution for this involves collecting the money in my own PayPal business account when a buyer buys something and then using the Payouts feature (https://developer.paypal.com/docs/payouts/) to periodically send money to sellers. For example, if someone buys something for $20 on the platform, the payment would go into my business account first. Then let's say after a week I send the seller $18 keeping $2 for myself. Is my solution a recommended way of implementing profit cuts from buyer to seller payments or is there a better way for doing this?
Haven't Found your Answer?
It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.
- Sales Tax on paypal invoice in Reporting Archives
- Need way to onboard partners and pay them partial payments when someone sends me money in Business Tools Archives
- Parallel Payments - PayPal Express in Merchant Products and Services Archives
- Can the adaptive payments split a payment by a user specified amount? in Merchant Products and Services Archives