By default, PayPal transactions are funded by PayPal to your PayPal Business Account’s balance. If you’d like to deposit these funds into your bank account, you have two options:
- Manually withdraw the funds using your PayPal console
- Set up Settlement Withdrawal
Settlement Withdrawal automatically sends the previous day's transactions to your bank within 2-3 business days. Contact PayPal to set this up.
Once Settlement Withdrawal is set up, you’ll be able to go to your PayPal console and download a daily report of the transactions that were included in each withdrawal.
PayPal has many reports available to reconcile your account. For larger merchants, the PayPal Transaction Details and PayPal Settlement Report are both popular reconciliation options. For small to medium merchants, PayPal recommends using the PayPal Monthly Financial Summary report.
Regardless of your business's size, all of these reports can be used in conjunction with Braintree's Settlement Batch Summary report in order to reconcile your account.
When reconciling PayPal transactions, we recommend looking up the transaction details in the PayPal console. The PayPal console provides additional details that aren’t found in the Braintree Control Panel (e.g. fees assessed, net deposit amount). You can find transactions in the PayPal console by searching for the customer’s PayPal email address, or by searching for the PayPal transaction ID.
It’s important to note that the PayPal transaction ID and the Braintree transaction ID are two distinct values. You can find the PayPal transaction ID by searching for the transaction in the Braintree Control Panel and navigating to Transaction Detail > Payment Information > Authorization Unique Transaction ID. Alternatively, you can search for the transaction details via the API.
When searching in the PayPal console, the Authorization Unique Transaction ID is referred to as the Transaction ID.