PayPal Innovate X 2009, the payments company’s first dedicated developer conference. PayPal, which reported strong earnings recently, is hoping to engage developers in producing applications on top of PayPal’s newly released API. PayPal is already testing the platform with startups Payvment, FundRazr, Lottay and TwitPay. PayPal is officially opening up its PayPal X platform to developers.
You can find below a comprehensive list of the Adaptive Payments APIs that PayPal is releasing.
1. Currency Conversion: Fast and easy global payment apps, automatically converting currencies using current exchange rates.
2. Pay Anyone: For financial and other institutions to let their customers send money when logged in to their bank accounts. Their customers won’t need a PayPal account to use the service.
3. Pre-approvals: Enables developers to create reusable payments agreements between buyers and sellers. While payment approval happens online, the actual money movement can occur offline at different intervals, and through multiple devices that are not necessarily Internet-connected at the time.
4. Send Money: Developers can build person-to-person (P2P) solutions or business-to-business (B2B) payment applications on their platform of choice – whether it’s the mobile phone or a social networking site.
5. Chained Payments: Developers can take a cut or distribute funds from PayPal payments as they happen.
6. Parallel payments: Developers can enable buyers to send money to several people in one payment, which is ideal for purchasing multiple items from different sellers, or even for payroll applications.
7. Adaptive Accounts API: Provides a streamlined signup experience for people who don’t have PayPal accounts, while maintaining security and privacy of consumer data. With the new API, developers can create PayPal accounts for their customers from within their applications.
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