New PayPal service
By Zhu Shenshen |
December 9, 2010, Thursday
|
Print Edition
Print Edition
PAYPAL, a subsidiary of eBay, has launched a micro-payment service in China for digital goods, the US-based company said yesterday.
The deal covers games, news, music and video content, as well as related services.
PayPal's small amount payment service, for purchases under US$16, is expected to boost the revenue of Chinese online game firms, which are expanding overseas.
The new services let consumers pay for digital goods with as little as two clicks directly on the publishers' websites. The price was 5 percent of the transaction plus 5 US cents, with an additional 0.5 percent fee for cross-border transactions.
The fees are lower than those charged by payment processors in the digital goods industry. Meanwhile, Chinese developers, publishers and merchants can get paid quickly, industry insiders said.
Top domestic game firms Shanda Games and Perfect World have invested heavily to expand overseas.
The deal covers games, news, music and video content, as well as related services.
PayPal's small amount payment service, for purchases under US$16, is expected to boost the revenue of Chinese online game firms, which are expanding overseas.
The new services let consumers pay for digital goods with as little as two clicks directly on the publishers' websites. The price was 5 percent of the transaction plus 5 US cents, with an additional 0.5 percent fee for cross-border transactions.
The fees are lower than those charged by payment processors in the digital goods industry. Meanwhile, Chinese developers, publishers and merchants can get paid quickly, industry insiders said.
Top domestic game firms Shanda Games and Perfect World have invested heavily to expand overseas.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
