SELL SECURELY WORLDWIDE WITH PAYPAL
PayPal, a US company and a former subsidiary of the US company eBay, operates an online payment system under its brand name. This e-wallet can be used as a micropayment system and to settle medium and small amounts, for example when buying and selling online.
Advantages
Fully Automatic PayPal Processing
We process, assign and display all transactions completely automatically and in real-time. This means you no longer have to worry about manual process steps.
Code Quality and Security
The interfaces of Novalnet fully meet the requirements for code quality and security.
Functions
PayPal Subscription Payments
With PayPal subscription payments, merchants are able to offer their customers the automatic purchase of regular subscription payments on the website or via a link in an email. The biggest benefit of PayPal subscription payments is that they can save both money and time using it. They are easy to implement, which means that no more invoices need to be sent because of the automatic invoicing.
PayPal Reference Transaction (Authorize & Collect)
The PayPal Reference Transaction (Authorize & Collect) is very similar to the direct debit authorization. The online retailer and the end customer conclude an “agreement” so that the retailer can subsequently debit the customer’s PayPal account. This means that the dealer can make further debits without the customer having to do anything else. This possibility of direct debiting can e.g. B. in the case of a subscription or as part of a mobile phone contract in which the customer buys a contingent and increases it later. The great advantage of the Reference Transaction is that it is very flexible, as no fixed rates and fixed periods for debiting are set.
You can use the PayPal Reference Transaction without a lot of programming, as the Novalnet interface already includes it.
Advantages of the PayPal Reference Transaction for Online Merchants:
- More flexibility to receive payments if the initial authorization amount changes
- Helpful for delayed order fulfilment
- Multiple withdrawals of money through an authorization or order authorization
The possibilities with the PayPal Reference Transaction
The PayPal function “Authorize & Collect” (Reference Transaction) offers the online retailer the option of authorizing a payment amount at the time of purchase and collecting the payment at a later point in time.
- Collection of a partial amount or the full authorization amount
- Create multiple authorizations based on an order authorization
- Collection of multiple payments using batch processing
- Initiate new authorizations
- Cancel previous authorizations