PayPal

Connect PayPal

PayPal keeps everything in one transaction log: the payment, the fee taken off per transaction, refunds, disputes and, for foreign customers, a currency conversion with its own exchange rate. Your PayPal balance is therefore never the plain sum of your sales. Schakel reads that log through the API and books each line separately, so your balance and your books line up.

Systems · 145
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PayPal

What travels with PayPal

  • Payments

    Every payment received arrives with amount, currency and transaction id, linked to the order.

  • PayPal fees

    The fee deducted per transaction is booked separately on its own ledger account.

  • Refunds and disputes

    A refund or dispute is processed as a separate entry for the amount actually returned.

  • Currency conversion

    Payments in a foreign currency come across with the exchange rate used, so the converted amount is right.

Why connect PayPal

  • Your PayPal balance reconciles even though fees are taken off per transaction.
  • Foreign payments come in with the right exchange rate.
  • Fees and disputes sit apart, not folded into revenue.
  • No more picking the transaction log apart by hand.

How it works

  1. 01

    Connect your PayPal account

    In the PayPal Developer Dashboard you create REST API credentials for your business account and hand them to Schakel.

  2. 02

    Schakel reads the transaction log

    Payments, fees, refunds, disputes and currency conversions are pulled in and put each on their own line.

  3. 03

    Your balance reconciles

    Revenue, fees and refunds land on the right account, and your PayPal balance reconciles with your books.

PayPal, common questions

Does Schakel handle the PayPal transaction fees too?

Yes. The fee deducted per transaction lands on its own ledger account, so your balance reconciles and your margin stays readable.

How does the connector handle foreign currency?

Payments in another currency come across with the exchange rate PayPal applied, so the converted amount in your books is right.

What do I need to start?

A PayPal business account and REST API credentials from the Developer Dashboard. Request the connector and get access.

A PayPal connection you do not see here?

Tell us which system PayPal should connect to. Request it and you get access; you hear from us within 24 hours.