There have been some important changes to PayPal MassPay which will affect new PayPal personal account holders.
Firstly, what is PayPal MassPass?
PayPal MassPay is a PayPal feature that lets you send payments to many recipients at once in different countries and currencies. DecoNetwork uses PayPal to pay affiliate sellers on your website.
What are the changes?
To reduce money laundering, PayPal have suspended MassPay for any new PayPal personal accounts.
Will this affect my existing account?
According to PayPal, no. Existing personal accounts will still enjoy the benefits of MassPay.
So what are the options for new PayPal accounts?
MassPay will still be available in PayPal however you must own a Business or Premium PayPal account.
PayPal provide these instructions to get started with MassPay:
- Verify your account status. Go to your PayPal Profile under My settings and verify that your Account Type is Premier or Business, or upgrade your account.
- Verify your API settings. Click on My selling tools. Click Selling online and verify your API access. Click Update to view or set up your API signature and credentials. (Obtain the DecoNetwork API details from your Manage Fulfillment Center > Fulfillment Settings > Commission Payment Method.)
- Link a bank account to your PayPal account. Click My money. Under Bank accounts, add or update your bank account. You can’t use credit cards to make Mass Payments.
- Make sure that you have enough money in your PayPal account to cover the payment. If you are sending payments in different currencies, verify that your PayPal balance for each currency covers the amount you want to send.
If you have any difficulty setting up your MassPay account in PayPal contact the PayPal customer service team: https://www.paypal.com/au/cgi-bin/webscr?cmd=_help.
Will this affect my DecoNetwork affiliate sellers?
No. An affiliate store owner (person who receives a commission payment from a fulfillment center) does not need to have a business or premium PayPal account. This change only affects the fulfillment center (person who pays the commission payment to the affiliate store).
Brenden
