PayPal is user-friendly and has simple processing, which makes it a favorite choice for over 15 million eCommerce vendors. In fact, most merchants would prefer to supply goods to Shopify stores using PayPal payouts. Luckily, PayPal is one of the default payment providers for Shopify.
CollabPay offers the ability to automatically calculate their earnings of sales and pay your vendors/collaborators using PayPal. The process is completely automated and allows you to have more time to work on the business.
If you’re getting started with using PayPal to make Shopify payouts to product vendors, keep reading! This article covers how you can do that.
Using PayPal can be tedious and stressful if you work with multiple vendors and have to split payments manually. To resolve this problem, CollabPay was created, which automatically divides and processes payments among various vendors.
All you need to do is:
CollabPay has three plans that determine the number of vendors you can collaborate with and the monthly payouts you can make.
Plan | Monthly Cost | Vendors/Collaborators | Payouts per month |
Freelancer | $9 | 3 | 3 |
Startup | $19 | 12 | Unlimited |
Business | $35 | Unlimited | Unlimited |
Before connecting the two, you’ll need to install the CollabPay app on the Shopify App Store and choose your preferred plan.
The Collaborator will receive an invitation email. They will be able to open this and create their own account, which will automatically be linked to your store’s account.
Collaborators will be able to see their payout earnings, products, and orders. They will not be able to see any customer details as this is only for the store owner to see for privacy reasons.
Using manual payouts, you can mark the payout as paid and payout to your Collaborators in any method you want. But if you want to fully automate the process, then you can set up PayPal.
CollabPay works with PayPal & Stripe for its default payment methods to pay your vendors/collaborators. We will dive into PayPal in this article.
What you need to set up PayPal Payouts:
Using CollabPay to automate your split profit payouts has never been more convenient for store owners. With the CollabPay app, you can automate your vendors’ payments and keep track of payment records. This lets you save money and time as you don’t have to pay an accountant to prepare payrolls.
CollabPay Founder, lead developer and amateur bowler.