PayPal to provide Micropayments for Digital Goods, partners with Facebook

By on Oct 27, 2010 in Business, Software, Technology Comments

PayPal is set to provide its new online service that will make Paypal available for digital goods, according to their press release on Tuesday.

According to Paypal, this new online payment solution will allow consumers to pay for digital goods in as little as two clicks.

The company then believes that these micropayments for digital goods will be faster, safer, and more economical to send and receive money worldwide.

The new solution, in which Paypal announced its available late fall this year, offers PayPal’s competitive fee structure for micropayments, in which Paypal said they will charge 5 percent plus 5 cents for purchases below $12.

This was said to be lower than what most payment processors usually charge for digital goods.

Every time a customer purchases content, merchants and publishers get paid immediately, allowing them to have a fast access to their funds.

Meanwhile, Sheryl Sandberg, Chief Operating Officer of Facebook, revealed that Facebook will integrate PayPal’s new micropayments for digital goods on Facebook.

Among the other companies that were said to have announced that they are using Paypal include Autosport.com, FT.com, Tagged, GigaOM, Plimus, Justin.tv, Ooyala, Tyler Projects and Ustream.

For more details and information, PayPal invites everybody to visit their official website.



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