PayPal is a payment platform with a website and a phone app that enables online money transfers, allowing users to send or receive payments, make purchases, and connect their accounts to checking or credit cards.

The Actuals - PayPal connector enables daily import of all PayPal transactions for reconciliation in the Actuals platform. To achieve this, API credential need to be created and added to the Actuals platform. The steps below illustrate how to get the API credential and how to configure Actuals to collect the data periodically.

Setup the Actuals PayPal connector

Prerequisites

Access to PayPal user interface with administrator rights

Create API key and set the rights

Go to https://developer.paypal.com and sign in with your paypal user.

Go to “API Credentials”

Hit the toggle to go to “Live” mode.

Create App with App name “Actuals”

Update the Features and check the “Transaction search” feature. All other features may be disabled, except the “Vault” feature since this cannot be deactivated. To update the rights press “Save Changes”.

Copy both the Client ID and Secret key 1.

When you created the API credentials you can add these credentials to our platform. Do this by following the guide below and choosing the “PayPal” credential type:

Adding a credential to Actuals [GUIDE-1]

PayPal data verification

To support the month end close process Actuals provides reports that have a structure similar to PayPal reports. This makes it possible to easily verify the correctness and completeness of the registered PayPal data and save supporting documentation that can be used for the month end close process.

1. Verify balance mutation

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If it might not be possible to setup the API integration contact your Actuals implementation consultant for the alternative PayPal sFTP connection.