Guest Payments will enable e-commerce operators and web developers to accept credit card payments without requiring customers to open up a PayPal account. As a result, app developers can now let users pay using their credit card, irrespective of whether they have a PayPal account. According to PayPal`s developer network senior Naveed Anwar, the system will be available via the companys Adaptive Payments API and will eliminate the complications merchants, developers, and startups face in accepting credit cards.
Credit card giants MasterCard and Visa are struggling to make headway into the online payments sector and set up payment systems to rival PayPal. Visa has recently announced a new online payment service dubbed payclick by Visa and Australian consumers are the first to experience it. A payclick account can be funded from any Visa, MasterCard or bank account and enables consumers to pay online without sharing personal details or financial information with sellers. In May 2010, MasterCard revealed plans to open up its credit cards payments platform to developers to build online and mobile apps.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now