PayPal has opened its global payments platform called
The company also demonstrated a mobile payment toolkit to embed payments directly into mobile applications, starting with the iPhone. That is going to open up a tremendous amount of opportunities.
PayPal introduced some new enhancements for its Adaptive Payments API, such as:
- Currency conversion
- Pay Anyone (customers won't need a PayPal account)
- Pre-approvals (developers can create reusable payments agreements)
Developers can build person-to-person (P2P) solutions or business-to-business (B2B) payment applications on mobile phones or social networking sites. They can take a cut or distribute funds from PayPal payments as they happen. They can also enable buyers to send money to several people in one payment. This would come in handy for buyers who purchase multiple items from different sellers.
Next year, there will be new pricing for services payments. There will be a flat fee of 50 cents for service transactions funded by a bank account or PayPal account balance, with a three-day settlement period, or a 0.75% fee for service transactions funded by a bank account or PayPal account balance, with instant settlement.
A mobile payment software development kit will be unveiled sometime in the first half of 2010, and the developer portal is now available at Discuss here Related Articles: > eBay's Donahoe Prepared To Spin Off PayPal >
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