RefTown integrates with a PayPal service called Payouts. It allows immediate payments to PayPal or Venmo accounts through an official's email address or phone number. When making a payment, you do not need to know and do not care about which type of account it is going to...that all happens at PayPal / Venmo (both are owned by PayPal).
For more info on payouts, see https://www.paypal.com/us/smarthelp/article/what-is-the-payouts-api-and-how-do-i-enable-it-on-my-account-ts2075
There are several steps needed to set up a PayPal account to be used for PayPal Payouts.
To send payouts, you'll need:
- A PayPal business account
- A confirmed identity, email, and bank account linked to your PayPal business account
- Access to PayPal Payouts
- RefTown configured to use your PayPal Payouts
- Sufficient funds preloaded in your PayPal business account
Detailed Steps:
- Open a PayPal business account (if you do not already have one)
- Signup for PayPal
- Upgrade an existing account to a business account
- Link your bank account to the PayPal account
- Access to PayPal Payouts
- After establishing the PayPal business account, you must apply to PayPal to have access to the Payouts feature
- Log into PayPal
- Click "Pay and Get Paid"
- Click "Payouts"
- Fill out the application and submit
- WAIT for PayPal Approval.
- This may take up to 5-10 business days.
After getting approval from PayPal, you need to configure PayPal to allow access from RefTown.
- Instructions for Configuring your PayPal Account for RefTown