What are the different transaction types on PayPal?
For PayPal transaction type, you can choose between Sale, Order, and Authorization.
- Sale: We recommend selecting this for immediate payments from your customers.
- Order: When selected, this will create an order.
- Authorization: When selected, PayPal will authorize a payment to capture later.
What is transaction type code?
Transaction type codes are three-digit codes used to identify the type of transaction, edit criteria used and which general ledger or subsidiary ledger accounts are debited or credited. Fiscal personnel are responsible for being familiar with transaction type codes for proper assignment to each fiscal transactions.
What are the transaction types?
Based on the exchange of cash, there are three types of accounting transactions, namely cash transactions, non-cash transactions, and credit transactions.
What does PayPal transaction type Authorisation mean?
An authorization places a hold on the funds and is valid for 29 days. After a successful authorization, PayPal recommends that you capture the funds within the three-day honor period. For any payment type, you can capture less than or the full original authorized amount.
What happens to the TXN _ ID variable in PayPal?
In the case of a refund, reversal, or canceled reversal, this variable contains the txn_id of the original transaction, while txn_id contains a new ID for the new transaction. Unique ID generated during guest checkout (payment by credit card without logging in).
Where do I find the PayPal transaction code?
PayPal assigns an single alphabetical code for each type of transaction. This code appears on the Transaction Results page and indicates the type of transaction, such as sale or refund, that was performed. The table below lists the transaction value and description for each transaction type.
What does an IPN message on PayPal mean?
PayPal sends IPN messages for every type of transaction or transaction status update (including payment and subscription notifications), and each notification type contains a unique set of fields.
How are IPN and PDT variables returned in PayPal?
PayPal returns related variables for each kind of IPN or PDT message. Not all variables are returned for each type of transaction. IPN and PDT variable names are case-sensitive. All constant values are lowercase, except those for payment_status, whose constant values have an initial capital letter. Note: Values posted by IPN are URL-encoded.