Foxycart Payment Question
Using Jamroom
I operate an accommodation booking site. The Customer pays for a room via the Accommodation Provider's Free Listing on the site (they have already entered their PayPal email as part of their free listing).
The payment is processed via PayPal. The accommodation software uses a split transaction process. eg: I receive the full payment for the room to my PayPal Merchant Account, it is then automatically split with 90% sent to the Accommodation Provider's PayPal Account via PayPal's Mass Payment system, and I retain the 10% commission in my PayPal Account.
It would be great if something like this could be developed for Jamroom.
Eg: the Customer buys mp3s from the Artist, the money comes to my PayPal Account, it is then automatically split, with mass payment going to the Artist Paypal Account, and I retain eg: 10% commission.
This way the artist only pays the Commission if they make a sale. In the Accommodation site mentioned above, the Accommodation Provider only pays 10% commission on actual room reservations.
As far as the Tax is concerned (in Australia) I have to calculate the Total Earnings, minus the Payout to Accommodation Providers. So only pay Tax on Profit eg: the 10% earnings. PayPal fees are also a Tax deduction.
