Drop Pay
Drop Pay is a lightweight, turnkey payment solution specifically tailored by Genstore for the Dropshipping business model. It enables merchants to start accepting payments and settling orders instantly, without the hurdles of a complex application process.
This solution is ideal for merchants looking to launch quickly, test new products, or those who haven't yet prepared full business registration documents for traditional payment gateways.
Key features
- No Onboarding, Active by Default: Once you create and enable your Genstore Dropshipping store, Drop Pay is automatically activated. No separate application or waiting for KYC approval is required.
- Built for Dropshipping: Drop Pay is optimized exclusively for Dropshipping transactions, offering a much leaner operational flow.
- Direct PayPal Payouts: Once funds are settled, they are transferred directly to your linked PayPal account.
Ideal for
- New Entrepreneurs: Merchants just starting their journey in the dropshipping space.
- Agile Testers: Sellers who want to rapidly validate products and market demand.
- Pre-Launch Merchants: Businesses that are still in the process of gathering formal payment application materials.
Getting started
To begin accepting payments and ensure secure fund clearance, please complete the following steps:
- Link Your Account: Associate your preferred PayPal email address with your store.
- Tax Compliance: Follow the prompts to electronically sign and submit the required tax documents (such as W-8 or W-9 forms).
- Manage Funds: Use the Balance page to track your transaction history, pending balances, and settlement status in real-time.