Access PayPal via Open Banking API in Iceland
PayPal is one of the most widely used payment accounts in Iceland, holding balances, card-funded top-ups and a long history of transactions. With open-banking.io you can bring that PayPal data into a single dashboard alongside your other accounts — and, if you write code, read it programmatically without ever handing your credentials or your data to a third party. open-banking.io is a certificate-free service covering 2,600+ banks and payment institutions across the EU and UK, where everything is decrypted locally with a key that only you hold.
PayPal in Iceland supports both business and personal accounts. There is no BIC on record for PayPal (none is needed to connect), and each access consent lasts up to 180 days before PayPal asks you to re-approve.
How to connect PayPal
Connecting happens entirely inside the open-banking.io dashboard — there is no API call, code or key involved in this step.
- Sign up at open-banking.io and set your encryption passphrase. Your keys are generated on your own device, so no one else — not even open-banking.io — can read what comes back.
- In the dashboard, search for PayPal and choose your account type (business or personal).
- You are redirected to PayPal's own secure login to approve access under PSD2. You authenticate directly with PayPal; open-banking.io never sees your password.
- Once approved, your PayPal accounts and transactions sync into your dashboard automatically.
Access your data
Reading PayPal data in code is an optional step you take after the account is connected. Open the Developers page, create an API key, and export a credentials.json — this bundles the API key together with your private decryption key. From there use the CLI (openbanking accounts, openbanking transactions, openbanking sync), an SDK, or the REST API.
Every request carries your key in the X-Api-Key header. Responses arrive encrypted and are decrypted locally with your private key — so an API key on its own only ever yields ciphertext. open-banking.io's servers store just your public key and can never read your PayPal data. Access to PayPal, like every connection, is included in the flat ~EUR 3/month plan.
Does open-banking.io store my PayPal login?
No. You authenticate on PayPal's own consent screen, and open-banking.io only holds the resulting authorisation — never your password.
Can I use PayPal here for a business account?
Yes. Both business and personal PayPal accounts in Iceland are supported.
How often do I re-approve access?
PayPal consent lasts up to 180 days, after which you simply re-approve from the dashboard.
Ready to start? Head to open-banking.io.