Paypal Online Payment
Our mass payments methods
Paypal payments have become one of the most common methods of paying independent contractors and of them accepting payments. While you can use it for mass payments, it requires an advanced API. Easystaff.io has that and can help you make your Paypal payments.
Why Use Paypal Payout with Easystaff
The ubiquitous Paypal system has taken over as the option for the unbanked. Its debit card linked to its online wallet provides a method for individuals worldwide to access their funds. It provides an easy to use solution that lets anyone in a serviced country access an online wallet that links to a debit card that lets them spend money in their online account just as they would money in a bank account.
Everyday, the Paypal system processes 9.3 million payments. The payments processor accounts for about 18 percent of e-commerce. In 2018, it generated $15.45 billion in revenue. While it does provide an opportunity for the unbanked, it does not necessarily make the ideal choice for processing payments, especially not mass payments.
Paypal Payment Limitations
The payments processor makes its money by charging fees. While you may find the Easystaff.io API makes mass payments easy, your payees may not enjoy the hefty fees they’re charged. The payments processor charges 2.9 percent on each payment a payee receives added to a flat fee of $0.30 each.
Not every country supports payouts via the payment processor. You would still need to pay some of your vendors or contractors using other methods such as wire transfer, ACH or check.
Payments via the payments processor deposit into the payee’s electronic wallet. In order to deposit the funds into their bank account, they need to make a transfer which could take up to five business days unless they agree to a one percent fee. This requires additional action on their part and a payment delay.
To circumvent these issues and better serve your contractors and vendors, use Easystaff.io. We provide an integrated solution that allows you to submit a lump sum payment to us that we then distribute to your payees using their chosen method of payment. That means that with Easystaff.io each individual gets paid using their favorite electronic method whether that is the popular payments processor, their bank account, Skrill, Payoneer or another online wallet.
Our flexible API and helpful staff ensure that your business partners get paid quickly and efficiently. Our reasonable prices make sure you can pay them at a low-cost. Try Easystaff.io today to see how easy it can be to make mass payments with our system.