Recently, PayPal announced its flexible payments API, called Adaptive Payments (which we scooped) gives developers full access to PayPal’s features, allowing them a lot more freedom in building applications, which includes the ability to accept and distribute payments.
PayPal is timing the official availability of these APIs with its PayPal X Innovate 2009 conference in November. According to PayPal, developer attendees will receive exclusive access to the new APIs that won’t be available to non-attendees until 2010. And PayPal will be unveiling its platform roadmap for the future, which should be interesting. We already got a little sneak preview of the PayPal’s future vision a few weeks ago.
Of course, it’s always helpful to see what developers can actually do with this new API to see it’s true power and connectivity. PayPal has been beta testing the new flexible payments platform with select developers over the past few months and it just so happens that two of testers are TechCrunch50 demopit companies.
FundRazr is a Facebook app that lets any individual, organizer or volunteer collect money on behalf of a social group, sports team, school club, charity, or campaign or. The startup is using PayPal’s Adaptive Payments API to process the transactions.
Lottay, another TechCrunch50 demopit company that is building its platform off of PayPal’s new API, lets you create an online gift that people can put money towards. Users can create gift pages on Lottay with detailed descriptions and pictures of a particular goal or gift and then friends can contribute to the site via PayPal.
Isn’t paypal making money transaction insecure by giving more power to developers to control the Paypal features.
No.
Well i think this would be interesting,specially to small vendors
A welcomed improvement. Their current APIs, while not especially difficult to implement, are lacking in features and flexibility. There a growing demand for flexible payment systems, PayPal needs to accelerate their development efforts and get this out the door.
No there isn’t. Paypal needs to get back to basics. It’s biggest problems are terrible customer service, shutting down accounts, a lousy payment flow and rejecting way too many payments.
Stanley/Anuj thanks for the feedback. We are indeed accelerating development and releasing new API’s come Nov. We have been getting valuable input from developers in our beta program, which has resulted in great improvement, new features, and immense amount of flexibility in how you can use them. Where can you get your hands on all of this? Come to Innovate 09 on Nov 3-4 in SF. Because I care to have your presence at the show and get more in person feedback, here is a discounted code to use for the registration ppx149
Here’s some input: scrap this whole thing and make the core service work much, much better.
Can’t scrap the platform plan
but can make sure the core service has improved experience for customers like you:-) Thanks for your feedback Johnny and duly noted.
You sure Anwar?
Nice Gimmick, but the real problem is that people don’t like you at all, you are a trap for them, they don’t have other choices any different right now, but you are a pain in the industry. Any realistic replacement offering less risk, more support, better prices and no registration at all even no exposure of personal information (yes, there are a few planning to launch next year) will be adopted by the masses just to leave you for good. Wait and see or improve.
We think that there’s still a lot of innovation around the way that people send money. Lottay’s focusing on delivering a great gift experience and we’re using PayPal to deliver a range of products and services. Working with PayPal has exceeded our expectations and we’re excited about the additional products that PayPal is releasing at its Nov 3rd conference.
Andrew Elliott, co-founder Lottay
Its best I introduce myself early.
I really hope they explain how that API endangers anyone who uses it.
We’re also an early user of Adaptive Payments (specifically PreApproved payments which we use to collect our service fees).
It’s tough for a large, dominating company to innovate (I know – I worked at AOL years ago), so frankly I’ll give the PP team credit for at least getting started on innovation. They have a long way to go but I expect good things.
John Underwood
Rainfall of Envelopes
PayPal is not telling Adaptive developers what risk your taking by using it.
lambs for the slaughter.
Hey William, please share what you think the risks are…