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Payments Articles

Major Mobile Carriers Teaming Up to Eliminate Credit Cards?
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Will the mobile phone replace the credit card? It sounds a bit like science fiction, but it appears that mobile carriers are trying to make it a reality.

Bloomberg reports that AT&T, Verizon, and T-Mobile USA are "planning a venture to displace credit and debit cards with smartphones". The companies would work with Discover Financial Services and Barclays Plc to test a system starting in Atlanta and three other unnamed U.S. cities.

Yahoo Partners With Offerpal Media
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The Yahoo Application Platform (or Y!AP, if you shorten it and embrace the company’s use of exclamation points) grew significantly more appealing today.  A deal between Yahoo and Offerpal Media ensures that developers and users will have more payment options.

Accept Payments from Your Laptop with Android Payment Extension for Google Checkout
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Google has a new Android Payment Extension for the Google Checkout Store Gadget. This allows people to make purchases with their phones, and would be helpful to merchants who wish to accept credit cards.

PayPal Partners with Major Nonprofit Donation Solution Provider
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PayPal announced an agreement with Convio, a provider of solutions for nonprofits to raise funds, to let Convio implement PayPal to collect donations online. PayPal says this will help boost donations for Convio’s 1,300 nonprofits and give them access to the 84 million active PayPal users across the globe.

PayPal Announces Some Pricing Changes
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Today, PayPal announced that it is making some changes to its user agreements and pricing. The changes are specifically related to refunds, chargebacks, and Amex payments.

PayPal senior director of SMB Merchant Services Eddie Davis outlines the following changes:

Is MasterCard Declaring War on PayPal?
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This week MasterCard announced a new developer initiative, which will place MasterCard payment technology in mobile and online apps.

"We are excited about tapping into the ingenuity of software developers around the globe to help create the next generation of game-changing payment applications," said Josh Peirez, Chief Innovation Officer, MasterCard Worldwide. "We feel this will unleash innovation within our industry especially in the burgeoning areas of e-commerce and mobile payments."

Will Square Power a Revolution in Credit Card Payments?
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We may be looking at a revolution in payments. Square, which launched late last year from Twitter co-founder Jack Dorsey, is now offering a way for anybody with the right mobile device to accept credit card payments for less hassle and fees than before possible.

PayPal: Demand for Electronic P2P Payments Growing Rapidly

A study released this week sponsored by FIS, PayPal and NACHA, found that demand for electronic P2P payments and transfers is growing rapidly, and that the interest of making these and other payment transactions through an ePayment Portal is also strong.

According to the study, of those who were interested in the Portal concept, 70% would be likely to use P2P payment services within that Portal.

Which Payment Platform Will Dominate Mobile?
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A recent study found that consumers are getting more comfortable with mobile shopping, and you best believe that will only continue, as people continue to spend more of their web time on their phones. So as everybody reaches for their mobile devices to make payments, which platforms are they going to use?

PayPal Launches Send Money App for BlackBerry Devices

PayPal has launched a new "Send Money" app for BlackBerry. It is now available for free via the BlackBerry App World.

"Have you ever gone to lunch with friends and forgotten your wallet, but remembered your BlackBerry? Well you longer have to be the friend who is constantly borrowing cash," says Eric Duprat from the PayPal Mobile team.

The app lets users quickly send money to people around the world – anyone in their contact list.

PayPal to Take Over Mobile and Social Apps
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PayPal has opened its global payments platform called PayPal X, providing new APIs, a new developer portal, and some introductory services pricing to help developers take advantage of PayPal X to build businesses.

"The whole world is going digital, and the future of how we communicate, how we get information, and even how we transact, is in the hands of developers," said PayPal President Scott Thompson. "The network is the platform on which the potential of digital money will be fully realized."

Google Reduces Restictions on Google Checkout

Google has made a change to its content restrictions for Google Checkout. Google Checkout now allows the sale of real estate rentals, timeshares, and day sight-seeing tours.

Google Affiliate Network Publishers Get Paid Through AdSense
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Google announced that Google Affiliate Network publisher payments will now be made through AdSense starting today. Google says this will offer publishers a wider range of payment options.

"Publishers can also manage their payment information in new ways and enjoy consolidated payments from Google if they use other Google products," says Product Manager Sheila Parker.

The primary user of a Google Affiliate Network publisher account will see an account notification asking them to create an AdSense account or link to an existing account.

Rumors Suggest Apple May Compete with PayPal
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Reports have "Wall Street Gossips" talking about Apple working on a "PayPal killer". This would be in the form of the iTunes store turning into a payment system.

There’s no telling how much truth there is to these rumors, but the world is going to need some more options when PayPal goes down, as it did last night, causing quite a stir across the web. PayPal apologized for this by way of the PayPal blog. SVP, Technology Scott Guilfoyle wrote:

Google Wants to Pay AdSense Publishers Faster
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Google has taken an opportunity to remind North American AdSense publishers that the fastest way to receive payments is through Electronic Funds Transfer (EFT).

"We want to get you paid by the fastest means possible," says Elizabeth Ferdon of the AdSense Payments Team.

Integrate PayPal With Your Own Apps

PayPal announced that it is opening an API to developers to allow them to embed PayPal’s payment system into their own apps and platforms. The company, a subsidiary of eBay, says this is the first global payment platform to open to third-party developers.

Why PayPal is Holding Onto Some eBay Sellers’ Money
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PayPal requires reserves for a percentage of sellers. That percentage is less than 1% according to the company. PayPal likens the reserves to a security deposit to cover future chargebacks and reversals.

Since PayPal began this practice, they have had a lot of questions about it from sellers, and hoping to clear up some confusion, Bill Clark, an analyst with PayPal’s risk team offered the following explanation on the PayPal Blog:

Facebook Begins Testing Payments System
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Facebook will reportedly begin testing a payments system in the coming weeks. This will start with a few developers, exploring ways for users to use Facebook credits with third-party apps on Facebook.

Google AdWords Gets a New Payment Option

Google has introduced a new feature for AdWords called "Make a Payment," which allows users to initiate a credit card payment for any amount they want, when it’s convenient for them. The feature allows for overpaying to cover future costs as well.

Amazon Flexes Payments Service Beta

This latest addition to an infrastructure lineup of S3 and EC2 (data storage/transfer and distributed computing, respectively) enhances Amazon’s strength as a powerful destination for developers.

A Resolution Regarding Google’s Bounced Check

It took a long time for Debi Jones to receive her payment from Google AdSense, and when the check finally arrived, it bounced (according to a bank teller to whom Jones spoke).  This created a bit of a circus; Matt Cutts himself got involved.  And now the whole situation’s been resolved.