Paypal, from its headquarters in Amsterdam, has announced that it would be allowing In App purchases in Android and iPhone applications. It will be a major move for apps market and purchases, as people who work and maintain most of their money online, can easily purchase apps with their Paypal balance, without the hassle for credit cards.

Paypal

Paypal, it seems, has come up with a solution that is acceptable to Apple. Now even Android users will be able to use Paypal as a payment method in the Android market, so that users will have an alternate method to pay for Android apps apart from Google Checkout.

Paypal will launch their In App payment services for Apple in the second quarter of 2010 in UK, US, Canada, France, Italy, Netherlands and Australia. But there are no more updates from Paypal on when is the service going to be launched for Android. It is really surprising to see that Paypal gaining approval from both Google and Apple at the same time for the payment method.

You can also watch a video of Osama Bedier, VP Product Development Paypal, demonstrating the service.