Mashable - The Social Media Guide - Latest Comments in PayPal X: Prepare for the New PayPal

Re: PayPal X: Prepare for the New PayPal

Dan — Sat, 25 Jul 2009 12:30:19 -0000

This is awesome news. Can't wait to see the new PayPal X. From what I understand that way, it would be possible to override the daily limit by sending to multiple accounts owned by the same person. Cool :)

Re: PayPal X: Prepare for the New PayPal

Bryan Johnson — Sat, 25 Jul 2009 11:12:59 -0000

I think the big story in all of this is the following: the major Card Brands such as Visa, MasterCard, American Express and Discover have done an exceptional job over the years building a global network of cardholders and accepting merchants to facilitate commerce. It’s now a global standard. They have built substantial barriers to entry for others (look at Revolution Money who has raised around a $100 million to try and penetrate the U.S. market).

Collectively, the internet, globalization, social networks, and mobile phones have been shifting the payments landscape and reducing these barriers. It’s the wave that Paypal and other innovators have been riding and has turned what was a potential threat and minor scratch for the Card Brands into an open wound.

http://www.braintreepayment...

Re: PayPal X: Prepare for the New PayPal

Bryan Johnson — Sat, 25 Jul 2009 11:12:29 -0000

http://www.braintreepayment...

Re: PayPal X: Prepare for the New PayPal

Bryan Johnson — Sat, 25 Jul 2009 11:12:10 -0000

http://www.braintreepayment...

Re: PayPal X: Prepare for the New PayPal

Method_Paul — Sat, 25 Jul 2009 09:02:19 -0000

Michael - are you guys going to create an API so that other developers can use Twitpay? Of course, we could just go directly with PayPal X, but I could see it being nice to let our users pay eachother via Twitter.

Paul

Re: PayPal X: Prepare for the New PayPal

Michael D. Ivey — Fri, 24 Jul 2009 20:11:13 -0000

The 15% fee is only for our RT2Buy service, where we host and deliver the content. We've been talking about lowering that price, or adding a monthly subscription price with no transaction fees.

For person-to-person payments, we only charge a nickel.

One of the very cool things about PayPal X is that it allows businesses like Twitpay to offer premium services beyond payments, and charge a fee for those services.

Happy to discuss more, as well.

-- Michael, @ivey, Twitpay CEO

Re: PayPal X: Prepare for the New PayPal

Coretta Jackson, MBA — Fri, 24 Jul 2009 17:48:56 -0000

Interesting development.

Re: PayPal X: Prepare for the New PayPal

Ben Parr — Fri, 24 Jul 2009 11:35:28 -0000

Public in November.

Re: PayPal X: Prepare for the New PayPal

Noah Thomas — Fri, 24 Jul 2009 11:30:17 -0000

I had no clue about any of this, especially Twitpay. Thanks.

Re: PayPal X: Prepare for the New PayPal

FabianPattberg — Fri, 24 Jul 2009 11:28:54 -0000

Very interesting. I am really looking forward to testing this.

Re: PayPal X: Prepare for the New PayPal

JamesHolmesOnline — Fri, 24 Jul 2009 09:18:24 -0000

Ben - This is very interesting. When look look at the results (and benefits) for the user of platforms like Firefox, Twitter, i-Phones, and others opening up to to new API is a big win for consumers of these products and services. As a competitive business strategy it is a winner because it is a game changer and a deft move for Pay Pal. I have personally have always had great experiences with Pay Pal, but I have heard a few stories which has opened the door for the competitors your reference here.

Thank you for the excellent post!

James
http://Twitter.com/AskJames...

Re: PayPal X: Prepare for the New PayPal

m00n The Myth — Fri, 24 Jul 2009 01:18:32 -0000

Adds: In a time when people park their car at the drive way when the garage opener don't work instead of open the door manually. They should be more intrested of doing the right thing if they only had to push the garage opener button. But on the net that feature seems to be forgotten?

Re: PayPal X: Prepare for the New PayPal

m00n The Myth — Fri, 24 Jul 2009 01:01:38 -0000

Adding: Lack of money on the net keeps the future from happening. Why it's still is soo hard to pay or getting paid on the net wonders me. So much that i really looking for a answear any id'ees or ansear would be great. thkz.

Re: PayPal X: Prepare for the New PayPal

m00n The Myth — Fri, 24 Jul 2009 00:31:17 -0000

This sounds great anyway and more ways for people to easy pay for content, services, programs, games, music and movies or whatever possible. Will help devoliping the net much easier. Lack of money to spend on the net keeps the creaters from putting an effort to it. Not because they are lazy just can't work for free as anyone else.

Re: PayPal X: Prepare for the New PayPal

Rob @ GL3 Media — Thu, 23 Jul 2009 22:53:34 -0000

It's novel for sure. But I dunno if making all those paypal payments public is really the way to go. But Paypal needs to do something new and exciting, so what the hell, let's see where this takes them.

Re: PayPal X: Prepare for the New PayPal

cmsa — Thu, 23 Jul 2009 22:02:55 -0000

What's the timeline?

Re: PayPal X: Prepare for the New PayPal

Scott Barrington — Thu, 23 Jul 2009 18:49:18 -0000

the new split payments will be great, can't wait.

Re: PayPal X: Prepare for the New PayPal

Stacy — Thu, 23 Jul 2009 18:23:22 -0000

Thanks for the heads up. PayPal certainly is evolving.

Re: PayPal X: Prepare for the New PayPal

Adam Ostrow — Thu, 23 Jul 2009 18:15:27 -0000

thx, fixed the link

Re: PayPal X: Prepare for the New PayPal

Jason Moffatt — Thu, 23 Jul 2009 17:56:59 -0000

I'd like to know what "micro payments" means? I'm not really in the business of doing things "micro" myself.

Re: PayPal X: Prepare for the New PayPal

Nicholas Gomez — Thu, 23 Jul 2009 17:50:26 -0000

Very informative article. I have one thing to point out for all that start clicking links in this article. The link for TwitPay is NOT http://www.twitpay.com. If you are wanting to check out TwitPay it IS https://twitpay.me/

Again, very informative article, never would of heard of it it if wasn't for this.

Re: PayPal X: Prepare for the New PayPal

mager — Thu, 23 Jul 2009 17:40:45 -0000

Craziness.