PayPal Introduces an Invoicing API

PayPal feature a faster and easier-to-use service for sending invoices, regardless of the selected platform.

Goals: Enable users to edit, send and process invoices using just one function.
Marketplaces, e-commerce sites, and other crowdsourcing platforms
PayPal’s API has been built to be easily integrated with existing management systems.
Features:
- 25 currencies and over 200 markets covered,
- Accept all major debit/credit card brands,
- Send invoices at no cost. Merchants pay 2.9% + $0.30 per domestic transaction upon receiving the payment,
- Customise invoice templates,
- Send reminders for unpaid invoices.

78% of the invoices processed by PayPal get paid within less than a day.

ComScore, December 2017

Faster and easier-to-use. With this service, PayPal claims they intend to tenable small businesses to get paid faster.
Securing customer loyalty. PayPal’s API is meant to address the issue of payment delays for SMEs facing multiple challenges (cash management issues, looking into new markets to increase their customer bases, etc.). PayPal addresses one of the main obstacles hindering their productivity.
This solution is in line with the group’s commitment to create new ways to manage and transfer money, while providing merchants and their customers more choice and flexibility when it comes to paying and getting paid.

A year ago, the Cloud-based corporate management specialist Sage announced they were integrating PayPal for their customers so they could get paid twice faster.

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