Paypal X

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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