- OpenAI and PayPal reveal major new partnership
- ChatGPT users will soon be able to buy and sell within the platform
- The “Buy with PayPal” button allows ChatGPT users to make purchases quickly
PayPal buyers and sellers will soon be able to complete their transactions through ChatGPT thanks to a new agreement with OpenAI.
The e-commerce platform announced that it will adopt the Agent Commerce Protocol (ACP) to expand payments and commerce in ChatGPT, with PayPal merchants able to sign up today.
The move will soon allow millions of ChatGPT users to pay without leaving the platform via the “Buy with PayPal” button, opening up huge new potential markets for small businesses around the world.
From chat to payment
The partnership will see PayPal’s global merchant network connected to OpenAI, meaning they will be able to showcase their products and services to shoppers.
“Hundreds of millions of people turn to ChatGPT every week for help with everyday tasks, including finding the products they love, and more than 400 million use PayPal to shop,” said Alex Chriss, President and CEO of PayPal.
“By partnering with OpenAI and adopting the Agent Commerce Protocol, PayPal will deliver payments and commerce experiences that help people go from chat to checkout in just a few clicks for our shared customer bases. »
Sellers won’t necessarily need to sign up for ChatGPT, PayPal noted, as it will handle aspects like merchant routing, payment validation and other payment processing in the background.
However, the deal will allow PayPal’s 24,000 employees to access ChatGPT Enterprise, developers to access OpenAI’s Codex platform, and use OpenAI’s APIs across the board.
OpenAI also recently announced similar e-commerce deals with Shopify and Etsy, as well as a major partnership with Walmart, as it appears to play a central role in helping users buy and sell online.
