My trip down to San Francisco for the first ever PayPal X Innovation conference has wrapped up.  I must say I left with an overall feeling of excitement this is by far one of the best conferences I’ve attended.  And for the $49 price tag we paid for the whole thing not counting hotel, I can’t complain.

First off, one of our intentions of going was to determine if PayPal is going to integrate their new Parallel and Chained payments into PayFlow Pro.  Well they’re not, at least for now.

The first day I went to four breakout sessions covering mobile, the new x.com developer portal and the new chained and parallel payment features.  The second day similiar with an added talk with some big venture capital people in a Q&A session.  The main features that were announced for Adaptive Payments are:

• Currency Conversion: Allow currencies to automatically be converted across all currencies PayPal supports in the 180 countries they operate in
• Pay Anyone: Pay anyone even if they don’t have a PayPal account (uses email).  If they don’t, they will be prompted to create a PayPal account to retrieve the funds
• Pre-Approvals: Allow calls from the API to pre-approve specific amounts, which can automatically be deducted from later without approval.  These pre-approvals can also be configured with rules, expirations and so forth
• Chained Payments: Allows payment from one sender to be split between multiple recipients; the sender is unaware of where each piece is going
• Parallel Payments: Allows payment from one sender to be split between multiple recipients; the sender will know which receiver is getting each piece
• Adaptive Accounts: API to create PayPal account on users behalf

For me, the Chained Payments is key.  This is necessary when charging a fee for someone using your services (B-to-B-to-C) so that I don’t have to turn into a collections company billing customers each month for my fees.

Also, everyone who was registered received a FREE Asus Netbook.  Pretty cool if you ask me.  And the dinner the first night was top class.

See ya next year PayPal!

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• BROWSE / IN Technology
• « Off to PayPal X Innovate 2009 Conference!
• » Try Cloudberry S3 Explorer