What is a loss account?
When merchants are onboarded via PayPal for Marketplaces to a Managed path marketplace solution, the onboarding process creates an individual loss account for each merchant. This account is used to facilitate reverse movement of funds. For example, if a customer disputes a charge due to fraud or non-delivery of goods, PayPal reverses the transaction and refunds the customer from the merchant's loss account. Loss accounts are required because Managed path partners assume full financial liability for their merchants.
Note: When initiating a refund, PayPal also reverses the variable portion of the PayPal processing fee. Any fixed fees or other overages are charged to the loss account.
PayPal For Marketplaces - Managed path
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This ensures that there is money available if you need to refund your buyer. You can use What should I do if my account is restricted because I didn't provide the requested FATCA information?Even if your account is restricted, you'll be able to log in and access the FATCA information. From your account, you can start the certification process by answering a few questions or providing the applicable forms. The certification process is complete when you've: Provided all requested information, Reviewed I tried different passwords and still couldn’t log in to my PayPal account. What do I do now?If you’ve incorrectly entered your password too many times, your account will be temporarily locked as a way to ensure its safety. Please try again a couple of hours later. If you still can’t remember your password, we suggest that you wait a couple of hours first and What is FATCA?"FATCA" is the Foreign Account Tax Compliance Act, which is a United States law designed to combat tax evasion by U.S. persons (individuals or entities) that fail to report income related to non-U.S. accounts. FATCA requires some of PayPal's non-US subsidiaries to collect information from their account holders What is PayPal.Me?PayPal.Me is a faster, easier way to get paid through PayPal. Just share your unique PayPal.Me link with your friends or customers. They can simply tap on your link, type in the amount and confirm to pay. They don’t even have to know your email address or install What can I do with PayPal?With PayPal, you can enjoy a safer and easier way to send and receive payments for goods, services and more. Shopping globally with peace of mind Simply link a card to your PayPal account and you can start making payments in over 20 currencies. 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