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Nov 04
2009
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PayPal offically launch Adaptive Payment APIsPosted by: Dave on Nov 4, 2009 Tagged in: x.com , PayPal , payment processing , online payments , multiple payment options , e-commerce , changehowwepay , adaptive payments
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PayPal Innovate X 2009 kicked off yesterday. At this dedicated developer conference PayPal officially launched their new flexible payments platform known as PayPal X. Adaptive Payments APIs are the first suite of APIs from the PayPal X open platform to be released. There are some additions to Adaptive Payments APIs since the details leaked last June.
Currency Conversion
Allows currencies to be automatically converted using current exchange rates.
Pay Anyone
Allows financial and other institutions to let their customers send money when logged into their bank accounts. The customers sending the money will not need a PayPal account to use the service.
Pre-Approvals
Allows developers to create reusable payments agreements between buyers and sellers. The approval happens online but the money movement can occur offline at different intervals, through different devices that may not be connected to the Internet at the time of payment occurs.
Send Money
Allows developers to build person-to-person (P2P) solutions or business-to-business (B2B) payment applications.
Chained Payments
Allows a payment from one sender to be indirectly split among multiple receivers. This would allow developers or application providers to take a slice of the payment.
Parallel Payments
Allows a payment from one sender to be split directly amount multiple receivers. The sender will know who the receivers are and the amount of money that is paid to each.
Adaptive Accounts API
Allows developers to integrate the PayPal sign-up process into their applications so customers without PayPal accounts can create them in a streamlined sign-up process from within the developers application.
This initial list of APIs is pretty impressive. It is a good move by PayPal as opening up their platform to developers will help extend their reach and customer base further. In particular I think the Adaptive Accounts API and Chained Payments will be very popular with developers and will lead to some innovate applications.
Dave
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written by Peter Connor , November 04, 2009
Hi Dave,
Just wondering do you think any other payment planforms are going to follow in PayPal's foot steps.
written by dave lowry , November 05, 2009
Hi Peter,
Amazon already have the flexible payments service so PayPal are actually following in their foot steps.
https://payments.amazon.com/sdui/sdui/business?sn=devfps/o
Unfortunately it is not available to Irish merchants. Google Checkout (again not available in Ireland) has been static for some time now and I have not heard of any changes coming anytime soon.
Dave
written by web design ireland , December 01, 2009
Hi Dave,
Great post, answered some questions i had about paypal's new platform. it seems to address some of paypals current limitations, always a good thing. one thing i would like to see from paypal is passing back the full set of postvars when making a payment, their integration sucks as it is..or maybe they have addressed this in this update?
Diarmuid
