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Author Topic: PayPal X  (Read 1536 times)
isthisthingon
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« on: October 14, 2009, 05:18:10 PM »

Looks like a cool new technology: http://mashable.com/2009/07/23/paypal-x/
PayPalís Open Platform Unveiled at First Developer Conference: https://www.paypal-communications.com/innovate2009/index.html

Yeah I'm beating the open source/platform drum again Grin  But these features will make a big difference anyway:

  • Send Money: Peer-to-peer payments can and will happen on multiple platforms, not just on PayPal.com
  • Split Payments: You can now split payments among many recipients via the Platform. For example, if you need to pay multiple people a commission on the sale, you can send just one payment instead of four or five.
  • Payment Preapproval: Once you log into a system and confirm prepayments, the API will automatically transfer funds based on pre-set specifications.
  • Payment Aggregation: To reduce the costs of payment transactions, users can soon aggregate multiple payments into one lump transaction. Amazon Payments already offers this.







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kurdt
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« Reply #1 on: October 14, 2009, 10:55:31 PM »

  • Send Money: Peer-to-peer payments can and will happen on multiple platforms, not just on PayPal.com
  • Split Payments: You can now split payments among many recipients via the Platform. For example, if you need to pay multiple people a commission on the sale, you can send just one payment instead of four or five.
  • Payment Preapproval: Once you log into a system and confirm prepayments, the API will automatically transfer funds based on pre-set specifications.
  • Payment Aggregation: To reduce the costs of payment transactions, users can soon aggregate multiple payments into one lump transaction. Amazon Payments already offers this.
Sounds very cool. I like the idea of split payments and aggregation. Silly me, I thought p2p payments with PayPal were possible already...
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perkiset
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« Reply #2 on: October 15, 2009, 08:06:14 AM »

Paypal is another group that I just will not deal with, although I may have to in the near future again for some of the retail biz.
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