Automatically import Paypal fees
This is MUCH needed for those of us that use Paypal with shopping carts (non-invoice transactions).
The current Paypal integration only imports the net amount of sales (total amount minus Paypal fees). While there is a field to manually add the fee to the transaction, this is incredibly laborious when you have hundreds of these (not to mention looking up the individual Paypal fee for each transaction).
There has to be a way to automatically import the Paypal fee separately like you do with the Stripe integration. I understand that Zero does this.
PLEASE add this and save us untold hours of frustration!!!
Nick
shared this idea
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Bernard Wilson
commented
Has there been any more movement on this. XERO offers this and it's only reason why we haven't switched across to Zoho Books.
This is particularly important to businesses who sell higher ticket items.
Say for example we are dealing with a $1000 product. A merchants fee will be around the $25-30. When you consider that the profit margin may only be 10% of the total product, then the merchant fees equal about 25% of your profit.
This feature needs to be integrated. As a first step, perhaps just allow a set nominated percentage of all merchant sales to be added on. Then on future feature enhancements you could look at making the merchant fees to be exact.
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Anna
commented
I support!