Monday, June 28, 2010

PayPal allows applications to accept payment

The eBay-owned company introduced Friday Guest Payments, which PayPal has made a part of its Adaptive Payments application programming interface. The feature provides the tools developers need to offer direct credit-card payments in applications built for the Web or mobile devices.


By eliminating membership requirement, application users are more likely to complete a purchase. PayPal acknowledges that developers, merchants and startups have been clamoring for a simpler payment method for third-party applications.


This is a big step for micro payments. Micro payments are a key factor of virtual goods. Mobile/Intenrt users don't need anymore to have a paypal account to buy small goods using paypal.


The transaction will be much faster and opens a new world to our virtual reality.


For developers it gets so much easier with the open API and PayPal is not the only payment service targeting such applications. Rival MasterCard last month announced that it would release Open APIs for third-party and independent software developers globally later this year.


Even handset makers are trying to make payments easier. PayPal is not the only payment service targeting such applications. Rival MasterCard last month announced that it would release Open APIs for third-party and independent software developers globally later this year.

In the next two years it will be totally normal for us to pay with our phone at Publix or Walmart. Many countries in Europe and Asia are already offering this service.


Plus i beleive with this new open API, that we are going to spned more money on Virtual Goods, I see a revenue of 120 Billion in 2015 with peoplke spending in mobile purchasing.

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