Are you an online buyer and fed up with so many accounts registration on every website that offer purchases. Are you afraid of giving your credit card credentials to any site which allows you to buy online? Well this one is for you, eBay Inc. is all set to launch its new service for the huge amount of its customers which will not let the user to register for every different site for any thing to buy online, the service is called PayPal.
They will be able to make purchases with the PayPal account. The PayPal Access will get the official visibility at a conference held by eBay at San Francisco. The conference will remain focused on the new X.commerce platform introduced by eBay.
The company is looking forward to fend off its rivals in the market by introducing such an outstanding service and this will surely add to eBay as a big number of consumers are expected to make an account on PayPal.
This is a pure alternate for credit cards and all those sites with comparatively low reputation are not necessarily entertained by the costumers as they do not feels secure to share their credit cards information. PayPal is going to be in their favor as they might get good sales with this payment setup.
A spokesperson of PayPal said: “What’s different about PayPal Access is that it provides everything consumers and merchants need to create an account and transaction – from shipping to payment details. We’re helping retailers simplify login and account creation to help increase conversion and loyalty on merchants’ websites.”
The biggest challenge the system is going to face is that it will have to convince a huge number of retailers that offer to have a record of their costumers by offering them a proper registration. Though it has made the online shopping much feasible for the users but it must have some thing which will help PayPal convince the retailers.
This is not all alone service by eBay as the PayPal setup seems to have some partners. Gigya and Janrain are the official partners of Paypal. Janrain will integrate access in the platform that manages its users and around 500 enterprise clients of Gigya will be offered to PayPal Access through the social Login product of Gigya.
A spokesperson of Gigya said: “Identity is going to play a huge part of how users interact on the web outside of their core social networks, and PayPal Access helps bring that vision to life.
For retailers, we think it could have a major impact on reducing shopping cart abandonment because shoppers will only need to login once in order to go through the checkout flow.” This is expectedly going to be the most prominent payment system that ever existed in Silicon Valley.
This is going to be great but only if the number of retailers offering the PayPal access are as many as possible. PayPal has to do much more now to get attraction of the online buyers but the idea is worth having an account. Are you intending ti sign up with PayPal? Tell us your purchase preferences and best online brands? Looking forward to your feedback.