Icon credit: PayPal
Everything You Need to Know About Discogs PayPal Payments Solution
Discogs is pleased to provide a new PayPal payments solution that makes it easier to sell online and connect with the biggest audience of music buyers around the world. This payments solution is simpler, convenient, and saves you time, whether selling on Discogs is your hobby or your business.
How It Works
The PayPal payments solution is the most sophisticated version of the Discogs checkout. Buyers will be presented with all available payment options, many of which do not require the buyer to have a PayPal account, immediately after they order an item. Sellers will experience quicker payments from buyers and spend less time processing fees. Sellers were required to onboard the new solution by February 1, 2022.
See the Benefits
No more monthly invoices
Fees and taxes are deducted and submitted automatically when the buyer pays for their order. This will be displayed in your settings as the Partner Fee. Absolutely 100% of the money that goes into your account is yours to keep. Deducted taxes include, but aren’t limited to, United States sales tax, United Kingdom and European VAT, and Australian and New Zealand GST.
Discogs is developing a new tool for sellers that makes it easy to track sales and tax information with the new PayPal payments solution. Beginning March 2022, Discogs provided a new transaction file that will include all of the information required by various international tax authorities that meets accounting, VAT, and GST reporting requirements. Learn more here.
Get paid immediately
The new PayPal payments solution makes checkout more efficient for buyers and sellers. Nearly three-quarters of all orders are paid for immediately. As soon as the buyer places an order, they’ll be presented with all available payment options, many of which do not require the buyer to have a PayPal account. Payment methods include PayPal, credit or debit card, and, for buyers in some countries, localized payment methods like Sofort (Germany, Austria, Italy, Belgium, The Netherlands, Spain), iDeal (The Netherlands), and Mercado Pago (Brazil, Mexico).
Benefit from confident buyers
Whether it’s the buyer’s thousandth order or their first, getting their music through the new Paypal payments solution checkout is smoother and more intuitive with fewer steps. PayPal is a recognized and trusted payment provider. Buyers are often more willing to make payment with PayPal, even in newer situations that feature an unfamiliar seller, international shipping, or their first order on Discogs. Following a year that brought more buyers online for the first time, security and trust are paramount.
List and sell in your local currency
Fees will be calculated in your local currency, which means you no longer have to convert to the United States Dollar (USD). For many sellers, it will be easier to see and understand at a glance because estimated fees in your inventory will be presented in your local currency.
Besides USD, additional Discogs-supported currencies include:
- British Pound Sterling
- Canadian dollars
- Australian dollars
- New Zealand dollars
- Japanese yen
- Swiss francs
- Brazilian real
- Mexican pesos
- Swedish krona
The PayPal payments solution doesn’t require changes to your existing PayPal account. Simply go to the Payment Information section of your Seller Settings. Enter the email address associated with your PayPal account and click Connect to PayPal.
Steps for onboarding:
- Go to your Seller Settings.
- Go to the Payment Information section.
- Click Connect to PayPal.
If you have already started onboarding by clicking Connect to PayPal or a button in an email from Discogs, you do not have to revisit your Discogs Labs page to enable the new payments solution.
Get paid in less time with less effort and enable your buyers to check out with greater confidence and flexible payment options. For more details and answers to any questions you may have, please refer to the FAQ. We’ll be regularly updating the FAQ as new questions arise.
The PayPal payments solution was a requirement for all sellers beginning February 1, 2022.
Article originally published on September 21, 2021. Last updated in February 2022 to include additional details and the transition date.
Discogs verifies some seller account information to ensure marketplace security and compliance with global regulations.
Stand out among sellers on Discogs and delight your buyers by using the free shipping option.
The holiday shopping season is one of the busiest times of year in the Marketplace. Attract buyers and maximize your sales opportunities with these six tips.