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We’re excited to share a game-changing update for the Digital Asset Marketplace WordPress Plugin—a seamless integration with PayPal for effortless user withdrawals!
At Cyborganic Arts, we’re dedicated to providing you with tools that not only empower creativity but also streamline user experience. Our latest enhancement ensures that when your WordPress users withdraw earnings from their internal wallet, its a seamless and recognizable experience. Thanks to the integration of our globally accessible payment processing partner, PayPal and it’s integration into the Digital Asset Marketplace plugin. Your users can now withdraw their earnings using an email address or telephone number across the globe.
Why PayPal for the Digital Asset Marketplace plugin?
Choosing PayPal as a payment processing partner aligns with our commitment to simplicity, reliability, and global accessibility. As creators ourselves, we understand the importance of swift and secure transactions. PayPal is a globally recognized solution which meets the expectations of our software clients. As this is the first payment processing partner to be integrated – which doesn’t require any additional coding to get started, it is now the default option for the Digital Asset Marketplace plugin.
Advantages of PayPal Integration:
- Swift Transactions: PayPal enables rapid withdrawals, ensuring your clients get access to their wallets finances with minimal delay.
- Global Reach: Facilitate transactions on an international scale, making it easier for creators around the world to enjoy the benefits of your Digital Asset Marketplace.
- Security First: Rest assured, your clients financial information is safeguarded by PayPal’s robust security measures.
Setting Up PayPal Withdrawals with Digital Asset Marketplace:
Configuring PayPal withdrawals within the Digital Asset Marketplace is straightforward. Follow these simple steps:
- Log in to your WordPress dashboard.
- Navigate to “Settings > Digital Marketplace”.
- Navigate to the “Payments” section and opt for PayPal as a withdrawal method, under the “Payment Options” tab.
- Switch to the “Payment Methods” tab and enter your Client ID and Secret.
- Congratulations! Your Digital Asset Marketplace is now equipped for hassle-free PayPal withdrawals.
How to find your client ID and Secret
To access your client ID and Secret, head to your PayPal Business account and navigate to “Application Credentials” under “REST API apps.” Streamline your account management by renaming the application to “Digital Asset Marketplace.” This not only helps keep your credentials organized but also ensures efficient navigation within your PayPal account.
Simulating PayPal Withdrawals in Sandbox Mode
To facilitate the simulation of user withdrawals for development and testing, activate PayPal Sandbox mode by selecting the “PayPal Sandbox” checkbox in your WordPress dashboard under “Settings > Digital Marketplace > Payments > Payment Methods.” Begin by logging into your PayPal Developer account to acquire your “REST API Apps” sandbox connection credentials. Proceed to “Settings > Digital Marketplace > Payments > Payment Methods” and input your sandbox connection credentials. It’s important to note that sandbox credentials differ from live credentials. This functionality enables the secure emulation of user withdrawals from your PayPal Developer account, creating a controlled environment for testing and development purposes. You can conveniently monitor and review all sandbox withdrawals directly from your PayPal Developer account during testing and development.
Once you are satisfied with the operational integrity of the plugin, remember to switch to live credentials. Before transitioning to live operations, ensure you hit reset in “Settings > Digital Marketplace” to maintain financial integrity. It is then safe to disable sandbox mode for PayPal in “Settings > Digital Marketplace > Payments.” Open your PayPal Business account and acquire your live client ID and Secret under “REST API Apps,” input your credentials – then hit save. These credentials have access to your finances and allow external users to withdraw earnings directly from your PayPal Business account.
The reset function will clear accumulated payment buffers, service fee charges, delete WooCommerce orders, and reset all wallets to zero, providing a clean slate to transition into live operations. Do not input your live credentials until you have completed this important step. Failure to reset the plugin following sandbox mode could result in additional service fee charges and inaccuracies in the accounting of the plugin.
Requirements
- PayPal Business Account: Ensure you have a PayPal Business account as payouts are typically associated with business accounts.
- API Credentials: Generate API credentials (Client ID and Secret) from your PayPal Business account.
- PHP Version: Use PHP version 5.6 or above. It’s recommended to use the latest stable version for security and performance reasons.
- cURL Extension: Make sure the cURL extension is enabled in your PHP configuration, as PayPal API requests are made using cURL.
- SSL/TLS: Ensure that your server supports and is configured with SSL/TLS to securely communicate with PayPal over HTTPS.
Your Feedback Shapes Our Future:
Your insights are invaluable to us! As you explore this new feature, please share your feedback. Your suggestions contribute to the evolution of the Digital Asset Marketplace extension, and we’re committed to continual refinement.
Exciting developments lie ahead, including new software packages and multimedia assets to enhance your creative journey. Stay tuned for updates, and thank you for being an integral part of the Digital Asset Marketplace community!
In the world of digital creativity, we’re not just creating a marketplace; we’re building a community. Your success is our success, and we’re here to support you every step of the way.