If PayPal offer open api, can we get it added as a bank account type option like we have for other bank accounts so we can get details on the actual merchant and tag the category in monzo plus ?
Using PayPal a lot and I think it’s right to show PayPal as the merchant, having the additional option to connect and tag categories based on actual merchants would be great.
Monzo offer use of Open Banking, which means (or should mean) that adding new banks should be fairly simple as they should all be using the same standard. This allows for transactions and balances to be shown in the app.
Paypal offer an API but it’s not Open Banking (as they’re not a bank) so Monzo would need to write code specifically to access that info and show it alongside the other bank accounts.
Integrating it into transactions in your Monzo feed (i.e. adding richer info above and beyond just saying Paypal transaction, i.e. identifying the true merchant and category etc) would be much more involved still, it just depends on if there is a will within Monzo to add this, and/or a demand for it.
Whether it’s worthwhile and will bring them a return on their investment and it’s worth the continued maintenance of it etc are the main questions they’ll be asking.
To get started and try to prove this, we need to get lots of votes on this topic
Yeah. I’m just seeing PayPal and no merchant (other than a code ). And then I add the custom tags so I know what hat it’s for after cross referencing PayPal app.
So my ask would be for monzo to include the merchant as well in a consistent manner