How to set up automatic payouts using PayPal on CollabPay
CollabPay uses ‘PayPal Payouts’ to pay collaborators. Before we begin, you need to set up the following:
- A PayPal business account with sufficient funds for payments
- A confirmed identity, email, and bank account linked to your PayPal business account
- Permission from PayPal to use PayPal Payouts (follow the steps below to apply)
Using PayPal Payouts will also incur a $0.25 fee to each payout. These are PayPal fees and CollabPay is not in control of this.
Connecting CollabPay with PayPal for automated payments
To get your Paypal Client ID & Secret Key, you need to follow these steps:
Step 2. Create the keys
- Go to 'My Apps & Credentials'
- Click on 'Live'
- Click 'Create App'
Step 3. Enter the name 'CollabPay'
Step 4. Copy & paste your API keys from PayPal to CollabPay
Get the Client ID & Secret Key from here
Go to CollabPay > Settings > PayPal Payouts > Paste the Client ID & Secret Key here.
Applying for PayPal Payouts
You will need to apply to use PayPal Payouts for CollabPay automated payouts. Please go to this page to enable the setting.
Scroll down to here and click 'Enable'
Click 'Contact us' and apply for payouts
Scroll down and click 'Contact us'. You can either choose to call or message them. PayPal will usually get back within a few hours and process your request.