PayPal Unveils Micropayments For Digital Goods, Facebook Signs Up

At the company's annual developer conference today, PayPal debuted its much awaited micropayments product. According to a release issued by the company, the new product is an "in-context, frictionless payment solution that lets consumers pay for digital goods and content in as little as two clicks, without ever having to leave a publisher?s game, news, music, video or media site."

PayPal equates the product as the online equivalent of dropping a quarter into a game machine. Pricing is set at 5 percent plus 5 cents for purchases under $12, which PayPal says is lower than the fees typically charged by payment processors. For example, under standard PayPal pricing, a $1.00 transaction would incur a fee of $0.33. Osama Bedier, VP of platform, mobile and new ventures for PayPal says the product allows developers and merchants to get the revenue right away.With micropayment pricing, it would cost $0.10. While PayPal for digital goods will be available late fall this year, Facebook will soon integrate the new digital goods payment product.

Macintosh Shredding Batik Youtube Music Lowongan kerja terbaru Lowongan 2010 unomaild Sail Morotai Sail Maluku anget sari America Newsheadlines Security Yahoo