YPN now using paypal to pay publishers

It is probably obvious from some of my posts here that I like paypal, and so does Yahoo!, I guess. Yahoo’s publisher network is now offering the option of receiving payments via paypal. Cool!

More on: Affiliate Fortune Cookies, Affiliate Tip

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Amazon Flexible Payments Service is US only

So, Amazon just launched the Flexible Payments Service as a part of their webservices offering - what looks like, from the pricing and other details on the page to be something very useful except for the fact that they are only offering the service to those with a credit card issued by a US bank.

Translated for me and my company, this means that paypal and the international merchant account with CCavenue are the only two ways a business physically not located in the US but doing business there can accept payments.

I was totally hoping that this would be an international service not just limited to the US when this was first announced. Nevermind though, paypal still rocks! (Yes, I read all the negative comments about paypal, but it’s just a question of using the service wisely and not falling for phishing, etc. attempts, while also offering consumers a second option other than paypal to pay for their purchases. Paypal IS secure and protects from fraud as long as the sellers and buyers take the standard common-sense fraud-prevention measures themselves first, and leave the rest on the payment service)

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Why isn’t everyone selling on the net accepting paypal yet?

Jim Kukral says:

I don’t get why every online store doesn’t have a PayPal option? I mean, if you’re going to accept credit cards, and even checks, why not have a PayPal option?

I couldn’t agree more. from an e-retailer’s point of view, especially if you are selling cheaper goods, you are making a huge mistake if you are not accepting payments via paypal.

There is a reason paypal has as many as a hundred million users worldwide - it’s probably one of the first media of online transactions for internet users (they are after all, the primary method for paying on ebay!).

Paypal is also VERY easy to use. Sometimes I’m just too lazy to take out the credit card and type in the credit card number, expiry date and CVV2 number, along with my name, address and telephone number to pay for something on the internet. It’s just easier to type in the paypal username and password, press next and finish the transaction.

Jim writes that he uses Paypal as “Fun money” to make impulse purchases, and buy stuff he’d rather not use his credit card for.

If your e-retail website isn’t a huge brand yet, it makes a lot of sense to accept payments via paypal. A buyer doesn’t have to think 10 times before buying from you. if a store doesn’t deliver, it’s super easy for buyers to lodge a complaint with paypal, and paypal will make sure that fraud isn’t happening on it’s platform - a lot of buyers know that.

If you aren’t accepting paypal on your web-shop, I have a two words of advice for you - ACCEPT PAYPAL!

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oh, and talking about paypal, I recently filled out a survey for CJ, one of the questions there was if publishers would like CJ to make payments via paypal. - if they do that, that’d be super-awesome.

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Paypal is now officially a bank - in Europe.

Two months after eBay set up a new entity in Luxembourg, its PayPal subsidiary was granted a banking license for the European Union by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg.

Reports AuctionBytes.
The Commission de Surveillance du Secteur Financier in Luxembourg have awarded PayPal a banking licence, and the ebay company will be moving their headquarters over to Luxembourg early next month.

This is big news, PayPal have maintained from the start that they are not a bank, but a mere payment facilitator, that doesn’t seem to be the case any longer.

Paypal has been operating in Europe for years without requiring to be recognized as a bank, neither were there any news recently that paypal would need to become a bank if they are to operate in europe.

PayPal said on Tuesday that the new banking license would allow it to continue its European expansion by offering its services to more online merchants across Europe.

It would be interesting to watch PayPal in the coming months. Who knows, they might even apply for bank status in the US and other parts of the e-commerce enabled world - Google checkout has suddenly become a major player out of nowhere in a market where paypal was a near monopoly, looks like this is one smart move to stay competitive, We should see some major slashes in paypal fees and some google checkout-like offers to attract merchants to use paypal soon!.

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