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Paypal - Unsupported Currency Support
| Technical name | to_paypal_unsupported_currencies |
| License | OPL-1 |
| Website | https://viindoo.com/apps/app/15.0/to_paypal_unsupported_currencies |
| Read description for | v 12.0 v 13.0 v 14.0 v 16.0 v 17.0 |
| Required Apps | Paypal Payment Acquirer (payment_paypal) Discuss (mail) Invoicing (account) |
| Included Dependencies | Currency Conversion Difference Move for Payment Transaction Accounting Customization |
Demo video: Paypal - Unsupported Currency Support
Problems
- Paypal supports a limited number of currencies, which causes problems when your customers pay their invoices in a currency that is not supported by Paypal.
- Here is the list of currencies that are supported by Paypal: https://developer.paypal.com/docs/api/reference/currency-codes/.
Solutions
- When a customer carries out payment in a currency that is not supported by PayPal, this module will convert the payment amount to a supported currency (which is configurable) before sending the payment data to Paypal.
- During the payment processing and payment notification, this module ensures that the converted amount is equivalent to the original one for full reconciliation.
- During the currency conversion, the difference caused by the exchange rate will be recorded in the Foreign Exchange Difference journal.
Example
- Assume that:
- The company currency is VND (Viet Nam Dong - đ), which is not a currency supported by Paypal
- Invoice INV/2019/0001 amounted to 2,000,010đ (in VND)
- The Paypal acquirer is configured with USD as the default currency for conversion in this case
- Exchange rate between VND/USD: 23,100
- Payment process:
- Convert VND to USD: 2,000,010 / 23,100 = 86.580519481, and will be rounded into 86.58
- Request Paypal to process payment for the $86.58
- After processing, Paypal notifies Odoo of the successful processing of the amount of $86.58.
- Odoo verifies this amount and generates a payment of $86.58 and posted with value of $86.58 * 23,100 = 1,999,998đ
- During the currency conversion, the difference of 12đ (between 1,999,998đ and 2,000,010đ) will be recorded into the exchange rate difference. The corresponding invoice will be set to Paid.
Editions Supported
- Community Edition
- Enterprise Edition
Installation
- Navigate to Apps.
- Search with keyword to_paypal_unsupported_currencies.
- Press Install.
Note: To see full features of the to_paypal_unsupported_currencies module, you need to install the following modules:
- to_account_accountant;
- contacts;
- website;
- website_payment.
Instructions
Instruction video: Paypal - Unsupported Currency Support
Step 1: Create a bank address.
Step 2: Enable multi-currencies feature.
Step 3: Configure Paypal as a payment acquirer on the Accounting app.
Step 3: Create a customer invoice and confirm the invoice.
Step 4: Granting portal access to customer.
Step 5: Generate and send the payment link to the customer.
Step 6: Customer pays through Paypal.
Step 7: Check the payment information and related journal entries. To see journal entries details, you need to activate the developer mode.
This software and associated files (the "Software") may only be used (executed, modified, executed after modifications) if you have purchased a valid license from the authors, typically via Odoo Apps, or if you have received a written agreement from the authors of the Software (see the COPYRIGHT file).
You may develop Odoo modules that use the Software as a library (typically by depending on it, importing it and using its resources), but without copying any source code or material from the Software. You may distribute those modules under the license of your choice, provided that this license is compatible with the terms of the Odoo Proprietary License (For example: LGPL, MIT, or proprietary licenses similar to this one).
It is forbidden to publish, distribute, sublicense, or sell copies of the Software or modified copies of the Software.
The above copyright notice and this permission notice must be included in all copies or substantial portions of the Software.
THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.