How will I receive payments from sales I make in the Marketplace?

You can receive payments for sales that you make in the Marketplace through PayPal.

Creating a PayPal Account

The first thing you'll need is a PayPal Business Account. You can create your company account by following the instructions on their site here:

https://www.paypal.com/us/brc/article/how-to-open-a-paypal-business-account

Setting Your PayPal Account in the Store Manager

Once you have a PayPal Account, you'll need to add it in your Store Manager.

Start by going to your Store Manager.

Go to your settings:

Then select "Payment," which brings up the option to select the payment type. Right now, we only support PayPal, so that's the option you'll have to select.

Once you select PayPal, you'll be prompted to add the email associated with your PayPal Account:

E-Commerce Best Practice: Avoiding Additional PayPal Fees

If you plan to pay subcontractors using PayPal or use your PayPal to make other online transactions, we suggest leaving at least some of your funds in PayPal so they're available. PayPal charges its transaction fee when funds enter their system, meaning if you are paid through the Marketplace (at which time PayPal takes its cut), withdraw funds to your bank account, and then use PayPal again to make a payment (meaning that you're having to redeposit funds into PayPal), you will incur a second round of transaction fees.

We've seen successful online merchants leave funds in their PayPal account to make payments and avoid additional fees by treating PayPal like it were an additional bank account (shown as another asset account in their balance sheet).

You may also want to consider accounting systems, like QuickBooks, that automatically sync with PayPal to record these transactions.