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PayPal Digital Goods Payment Product Released

PayPal for Digital Goods Comes Out of Beta

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Today at eBay’s 2001 Analyst Day, PayPal announced the general availability of its digital goods solution, aptly called PayPal for Digital Goods. 

The product is designed for online publishers. "The solution makes paying for content online convenient and secure for consumers, a long-time challenge for all sorts of digital content providers," a PayPal representative tells WebProNews.

The product was actually announced last year, but it is now out of beta, and is widely available to developers, publishers, or anyone else selling digital content on a global scale. 

PayPal for Digital Goods Out of Beta

"When consumers pay for online content, PayPal for digital goods allows them to pay in as little as two clicks without ever leaving a publisher’s game, news, music, video or media site," explains PayPal’s Carey Kolaja. "It’s the online equivalent to dropping a quarter in the slot to buy a gumball."

"Based on PayPal’s existing security, the service offers a faster, safer and more cost-effective way to send and receive micropayments," she adds.

Fees for micropayments are 5% plus 5 cents for purchases under $12.

PayPal says it closed out last year with $3.4 billion of total payment volume for digital goods.

PayPal Digital Goods Payment Product Released
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  • Guest

    “PayPal says it closed out last year with $3.4 billion of total payment volume for digital goods.”

    I smell BS here, did anyone check the facts? I find it hard a) to believe they did $3.4 BILLION in DIGITAL sales, particularly b) when the software was still in beta and not even open to the public? I would venture to guess that if it was solid enough to handle $3.4 billion in transactions, they would have taken it out of beta much sooner.

    Did anyone reading this article buy anything DIGITAL using PayPal last year?

    Perhaps someone meant $3.4 Billion total sales, or $3.4 Million in digital goods.

    • Chris Crum

      The quote is based on the company’s claim in the blog post linked to in the article. I’m guessing it did not all come from this particular product.

  • http://www.gtm360.com Ketharaman Swaminathan

    Although the 2001 in the first paragraph is certainly a typo, I have heard of a similar product from PayPal more than a year ago. Called PayPal Micropayment, it had an identical fee structure as PayPal Digital Goods. It’s quite possible that the payment volumes for PayPal Micropayments have been carried forward to PayPal Digital Goods, in which case the claimed figure of US$ 3.4B is believable.

  • https://www.distribly.com/cart/checkout samiul

    Distribly is an easy to use service for selling and promoting digital content. Music, photos, eBooks, apps, games, anything! If it can be downloaded, you can sell it