Continuing on from its announcement of its Mobile Express Checkout service, which it expects to help it process $700 million in mobile transactions during 2010, PayPal has unveiled a new micropayment system.
Labelled 'a new in-context, frictionless payment solution', it's designed to handle small transactions in a more cost effective manner.
Small cut
The basic set up works off a tariff of 5 percent plus 5 cents for purchases under $12, enabling the purchase of cheap digital content. Its two click method is also designed to ensure users don't have to leave the seller's website.
"The decision to purchase digital goods and content usually happens on impulse, so the act of paying needs to be as quick as that impulse," said Sam Shrauger, PayPal's vice president of global product strategy.
"PayPal for digital goods is an ideal solution for game developers, newspapers, bloggers, media companies, and anyone who is looking to monetise premium digital content around the globe."
Due to available become later in 2010, the service will further reinforce PayPal's position in terms of online, and mobile, payments.
It currently hosts 90 million accounts in 190 countries, and processed $2 billion in terms of digital goods in 2009. Its total for the first half of 2010 was $1.3 billion.
[source: PayPal]
News
Contributing Editor
A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.
Top Stories
Feature
May 17th, 2024
New release roundup: The best new mobile games from a battle royale to a console classic remake
Feature
May 16th, 2024
Behind the scenes: How adding sandwich offers to an idle merge game boosted three metrics at once
Events
Digital Dragons | Europe | May 19th |
GamesBeat Summit 2024 | North America | May 20th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Nordic Game Spring 2024 | Nordic | May 21st |
Impact 2024 - Indie Games | May 23rd | |
Morocco Gaming Expo | Africa | May 24th |
MomoCon 2024 | North America | May 24th |
Unreal Fest Gold Coast 2024 | Australasia | May 29th |
Popular Stories
Feature
May 14th, 2024
53 top mobile games in soft launch: Squad Busters, Battle Guys: Royale, Plants vs. Zombies 3, LEGO Hill Climb Adventures, and more
Feature
May 13th, 2024
Hot Five: Dubai's new Gaming Visa, April's mobile game charts, and Xbox studio closures
Feature
May 14th, 2024