Saturday, January 29, 2011, AM | Leave Comment
Some online companies have done very well in 2010. Among them Apple, Google and Facebook are at the top and Amazon has set the bar extremely high in e-commerce. PayPal, owned by eBay, is the little brother that has dragged its feet in almost all e-commerce sites and seemingly has stayed in the background. But it’s not the little brother anymore. It has been reported that in the third quarter of 2010, PayPal accounted for 37% of eBay’s overall revenue.
PayPal’s revenue has increased 22% in the last year while revenue from eBay’s retail operations has increased by just 3%. With the coming of mobile payments in full force and erupting into a multi-billion dollar industry in the next few years, finance analysts predict that PayPal‘s revenue will outperform those from eBay’s marketplace by 2014.
PayPal has turned out to be extremely accessible partner for anyone who operates an online business. The company recently announced a few new products to facilitate payments in the mobile and other platforms that no webmasters should avoid. Along with the new ones, a description of some of the old features is given below as well:
Integration Of PayPal With Facebook And Others
Consumers are able to pay for games, music, videos and other digital goodies. It will be integrated by Facebook to make PayPal new payment method for digital content the social network might offer. Other companies are starting to have PayPal payment method implemented on their websites. For example, some of the online companies to monetize with PayPal include Justin.tv, Ustream.tv, FT.com, Ooyala.com, Autosport.com, Plimus.com, Tagged.com and a whole lot more.
Mobile Express Checkout
Initially, it will be offered on Apple’s iPhone. Starbucks is one of the first businesses to implement it [Beta] and has reported double-digit sales growth on their mobile stores. View Demo: Mobile Express Checkout.
Website Payments Standard
With no programming skills required, Website Payments Standard is easy and very popular way to accept credit cards online. View Demo: Website Payments Standard.
Put an end to “the check’s in the mail” with Online Invoicing. Email invoices with a payment button that your customers click to pay you immediately online. View Demo: Invoice with Online Payments.
Meet Virtual Terminal, the affordable alternative to swipe machines. Turn any computer into a credit card terminal. Just log in to your PayPal account and enter your orders. View Demo: Virtual Terminal.
In a Nutshell
If you have not implemented PayPal on your website or blog, do yourself a favor and do it now.