Dear eLuminites,
Soon on nov 3, 2008 we will have Paypal X a new payment gateway with us.
Everybody in market is talking in upbeat tone about welcoming PaypalX.
Lets understand in brief about the newcomer…
It will let people do following:
1) A single payment or purchase can be distributed in multiple Receipents...
A Developer can develop application using Paypal API so that the incoming payment is automatically debited to Principal Receiver (x% of the payment) while some of the payment i.e. y% of the payment is directed to Secondary Receiver.
Its deemed that this service is very similar to Flexible Payment services (FPS) from amazon.com
Industry experts also believe that paypal will have competitive pricing plans for this new service.
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The processes or phases followed in Waterfall model are like ...
In the waterfall model after the one step or process or phase is finished the app flows to next phase. Its like Waterfall where the water flows from the top most rock to the bottom.
The main critics is.. like the water cant be put back from bottom to the flow, similarly here it Changes in critical process, change control or a misunderstanding in first phase has tremendous cost effect.
