PayPal for Marketplaces is a comprehensive payment solution for marketplaces, crowdfunding platforms, and other environments where people buy and sell goods and services or raise money. Merchants can use PayPal for Marketplaces payment solution with X-Cart Multivendor add-on only.
PayPal for Marketplaces is a limited-release solution at this time. It is available to select partners for approved use cases.
For more information, reach out to your PayPal account manager or contact the PayPal Partner Expert team.
PayPal for Marketplaces enables merchants to accept payments in up to 25 currencies across the globe. Customers can pay via credit or debit cards, local payment methods, or PayPal wallet payments. PayPal manages the risk inherent in processing payments.
X-Cart is integrated with PayPal for Marketplaces using the Connected path type of integration, where each PayPal merchant assumes financial liability. PayPal holds responsibility for fraud and merchant management. All merchants (vendors in X-Cart) must have PayPal Business accounts. As for the X-Cart admins, if they are not merchants, it’s enough for them to have a PayPal Marketplace account as a backup account for vendors who don’t have a configured PayPal Business account and for managing shipping methods in a warehouse mode in Multivendor.
To get started with PayPal for Marketplaces, you must register your marketplace with PayPal to get an access token. This access token is used for authorization of the REST API requests.
As a partner, PayPal must vet and approve you before you can use PayPal for Marketplaces. Once approved, additional permissions are attached to your account to allow access to the Marketplaces APIs.