PayPal To Launch Cheap Micropayment Platform

PayPal To Launch Cheap Micropayment Platform PayPal PayPal is soon realizing that it is missing out on a great opportunity offered by micro-transactions particularly for the virtual goods. With that in mind, the payment provider owned by eBay now wants to launch cheaper fees for small transactions so as to encourage uptake of its service in the profitable and fast growing market. Principally, PayPal will enable vendors to mint several payments under the $10 mark and just pay a collective fee. This payment plan would be rolled later some in 2010. Under the new terms, sites or services that incorporate PayPal would get much better terms than what they have been used to by now. The main change is that vendors would be permitted to make a number of transactions with different users with certain limit, which is yet to be determined. READ MORE: http://www.honeytechblog.com/micro-news/paypal-launch-cheap-micropayment-platform