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Scott Thompson, PayPal’s president, made the announcement at the Web 2.0 conference in San Francisco. He said: “I am proud to say in just two weeks, PayPal will be the first global online payment service to open its platform to everyone.
"We hope and expect to unleash the power of digital money regardless of the currency and regardless of the platform in any country in the world.”
Mr Thompson added: “PayPal will be the first truly global online payment service to open its platform to everyone. We’ll be releasing APIs [application programming interface] that will allow anyone in the industry to create new ways to reinvent the $30 trillion payments industry.”
Well, PayPal already has an API of sorts. But now, will we be able to process funds start-to-finish without sending our users to paypal.com?
I think it's now possible to do it with Paypal pro. Even though I tend to think most users may trust more to pay on paypal.com website rather than on the merchant's domain.
Wait and see...
But now, will we be able to process funds start-to-finish without sending our users to paypal.com?No, this is incorrect. PayPal never said this, or implied this. The capability you mention has already been available with Website Payments Pro for several years.
Their new API is PayPal-only, and *always* requires redirection to paypal.com. Their new API offers lots of additional features, but a visit to paypal.com is still required.