Insights for Procure-to-Pay and Finance Leaders

PayPal Payments in Tradeshift

We have integrated PayPal into Tradeshift which means our customers will be able to make direct payments of their invoices, resulting in faster transactions and reduced rates for international transfers compared to regular banks.

For our customers in the UK and the US, as an added bonus, you only pay a minimal flat rate regardless of how large the payment amount is. All that’s required is a PayPal Business Payments account.

Clicking the “Pay with PayPal” automatically populates the invoice, saving time and reducing human error.

Read more here how Mike Butcher from TechCrunch describes the integration as “a killer combination”.

And don’t worry, this is only the first stepping stone towards global cheap payments as an integrated part of Tradeshift. We are working hard to bring a lot of new innovations in this area in 2011.
– Pay with PayPal:
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– Payment is completed:

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Notifications regarding PayPal payments in Tradeshift are displayed to both sender and receiver of an invoice, which means that both parties can view the payment status. These notifications are shown in the comment stream of the invoice, and in the activity stream on the dashboard. If you have
notifications enabled in your Settings, you will also receive an email on the status changes.

– Status in Activity Stream:

PayPal payments are enabled for all users. In this case, the Payment costs a fixed amount + percentage of the total. Percentages vary for PP users depending on their total amount transferred on PP the past month and other circumstances.
And remember, if you have any questions regarding PayPal payments (or anything else in Tradeshift), do not hesitate to ask! 🙂