PayPal unveils Android developer carrot

Online payment giant PayPal chose Google's I/O conference to announce a developer tool for Android called the Mobile Payments Library, which allows application-authors to add PayPal-powered checkout to apps that sell goods or services, or collect donations.

The tool offers to track and secure customers' financial details, which could help keep smaller-fry developers from seeking other solutions for combating payment fraud online.

PayPal does well out of the deal too. Developers will dish up 1.9 per cent to 2.9 per cent of the sale, plus 30 cents based on PayPal's tiered pricing structure for e-commerce, or a 5 per cent plus 5 cents per each transaction fee for micro-payments.

PayPal's Mobile Payments Library is already in effect for iPhone; here's more information on how it works.

Meanwhile, PayPal is also releasing a toolkit, called X Toolkit for Google App Engine (GAE), that will help developers using the GAE platform manage PayPal payments in their apps.

Via CNET