Tag: paypal

Apple today announced that the iTunes Music Store in the US now accepts PayPal for purchases of music downloads, audiobooks and gift certificates. Starting today, customers can use their PayPal account to pay at the store with a credit card, bank account or stored account balance. “We are thrilled that PayPal users can now buy their music on the world’s number one online music store,” said Todd Pearson, general manager of PayPal’s Merchant Services.

PayPal on Monday announced it would offer reduced payment processing fees for online digital music companies. “Looking to lure online music services into offering the PayPal platform as a payment option for music downloads, PayPal announced the new payment processing rate of 2.5 percent plus 9 cents per transaction — well below the average of 2.2 percent to 2.9 percent plus 30 cents per transaction now available for existing PayPal merchants,” reports InternetNews.