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."
eBay and PayPal announced today that they are now offering Bill Me Later as a payment option during checkout. This means that "qualified" customers in the U.S. can now buy items and pay for them over time without using a credit card.
The option will be available for Buy It Now and approved auction purchases on eBay. It is also available at "tens of thousands" of online stores that accept PayPal Express Checkout.
Despite being on the job for less than six months, new-ish president and CEO of eBay John Donahoe certainly isn't afraid to make changes. Even as obstacle after obstacle pops up to interfere with the sale of Skype, Donahoe announced that he often considers parting with PayPal.
Facebook is set to begin testing an expansion of its Gift Shop, for third-party developers to begin selling items to users for Facebook's virtual currency. The really interesting part about this is that these developers can sell physical merchandise, not just Facebook gifts.
eBay-owned PayPal has launched a new way for teenagers to shop online with PayPal and in stores with the "Student Card," part of the "Student Account." The account comes with a number of capabilities for parental monitoring.
Features include:
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:
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.
eBay announced its second quarter results yesterday, and claims to have had a strong second quarter, slightly higher than expectations. Here are some of the numbers:
- Second quarter revenue was $2.10 Billion (a $97.7 million decrease year-over-year)
- Net income on a GAAP basis was $327.3 million ($0.25 per diluted share)
- Non-GAAP net income was $478.6 million ($0.37 per diluted share)
- eBay generated $730.7 million of operating cash flow during Q2 and free cash flow during the quarter was $602.3 million
Back in May, it was reported that Facebook was going to begin testing a payments system. This inevitably led to discussion about how Facebook might be preparing to take on products like PayPal and Google Checkout.
Online spending in the U.K. is set to increase from $14.6 billion to as much as $34.9 billion in annual sales by the end of 2011, according to a new report by PayPal.
This 137 percent growth in online spending means consumers in 2011 will spend the equivalent of about $705 for every U.K. adult - more than doubling the current annual online spending.
iEntry 10th Anniversary
RSS
Newsletter
Advertising
