PayPal makes e-invoicing play

PayPal is introducing a range of e-invoicing APIs that businesses can access directly from their applications.

Be the first to comment

PayPal makes e-invoicing play

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The eBay unit rolled out features on its site earlier this year, enabling users to create and e-mail invoices, accept card payments, and track and manage these invoices and payments.

In a blog on the PayPal developer network, Srilakshmi Mudigere says the feature has proved popular but merchants, developers and business service providers have asked for the ability to integrate directly with existing applications such as order processing, inventory management, time tracking and CRM.

In response the firm has developed APIs for creating and sending invoices, authentication, encryption and integration with PayPal Permissions Service for third party authentication. APIs to update, search, retrieve and cancel invoices and to record offline payments are on their way.

Separately, the US Treasury has signalled plans to switch all supplier payments to e-invoicing by the end of fiscal 2012, in a move the agency says will halve processing costs by $7 million annually.

If adopted government-wide, it could eventually save up to $450 million annually through lower staffing costs, according to official estimates.

Sponsored [Webinar] Automated Testing: The road to Evergreen Compliance

Comments: (0)

[On-Demand Webinar] Global Trade Based Financial Crime: Where Trade and Payments MeetFinextra Promoted[On-Demand Webinar] Global Trade Based Financial Crime: Where Trade and Payments Meet