Sunday, April 1, 2007
Paypal for Businesses
One of the major problems facing internet businesses is safety. If an online business is going to accept credit or debit card payment they have to make sure their service is extremely safe. It is so easy today for hackers to find a way into what is thought to be a secure network. The internet payment issue may become easier for smaller business due to the new availability of PayPal on their site. PayPal is generally associated with E-Bay, since it is only used on E-Bay right now. The new PayPal product offers express checkout, direct payment API, and virtual terminal functions. This would give businesses an alternative, safe, way to take customers private information over the internet. Althought PayPal has been successful, there are still security issues with phishing e-mails sent by hackers to try and get PayPal users information. So if we do start to see the rise of PayPal services on other sites, remember that nothing is ever 100% risk free!
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1 comment:
I think this new outsourcing of PayPal could be a real boost for internet retailers, especially smaller firms who don't have the resources to build their own secure payment systems. Allowing a smaller company to set up a secure payment system by simply buying PayPal's product could really lower a barrier to entry on internet retailing.
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