PayPal made a number of announcements recently. The online payment service has added recurring-payments functionality for its Website Payments Pro and Express Checkout products that lets merchants automatically bill their customers for products or services that requires payment from customers on a regular basis. The new function allows merchants to charge customers a pre-defined amount on a pre-defined schedule, useful for sellers of online magazines, newsletters, digital goods and other services. Merchants can integrate the new functionality using a set of APIs (application programming interfaces). PayPal also said it will add the recurring payments functionality to third-party shopping carts.
PayPal also said ecommerce site Overstock.com is offering PayPal Pay Later, which gives shoppers the ability to "shop now and pay later" with the promotional financing service. The PayPal Pay Later service gives Overstock.com customers a credit account with flexible financing options - even if a buyer doesn't have a PayPal account.
Finally, PayPal announced that entertainment provider Blockbuster is accepting PayPal on its website, blockbuster.com. Blockbuster is offering PayPal customers $10 cash back for signing up for a new online rental subscription at blockbuster.com. The offer is available through August 31, 2008, with a new paid subscription to any of Blockbuster's online rental subscription plans.
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PayPal made a number of announcements recently. The online payment service has added recurring-payments functionality for its Website Payments Pro and Express Checkout products that lets merchants automatically bill their customers for products or services that requires payment from customers on a regular basis. The new function allows merchants to charge customers a pre-defined amount on a pre-defined schedule, useful for sellers of online magazines, newsletters, digital goods and other services. Merchants can integrate the new functionality using a set of APIs (application programming interfaces). PayPal also said it will add the recurring payments functionality to third-party shopping carts.