Likebees Presentation at MiniBar
I gave a short talk at the MiniBar Finance Innovation conference last week.
MiniBar is a monthly tech and business conference which invites innovators and entrepreneurs to get together and share their ideas. This month, the event was sponsored by PayPal X and the six guest speakers each gave a 5-minute talk about innovation in payment systems. I used my slot to explain how we utilized the PayPal Adaptive Payments API when developing a group-buying application for our client, Likebees.Likebees operates by offering users the chance to buy vouchers for substantial discounts for local services, such as restaurants or hairdressers. The catch is that the discount only becomes activated if enough people buy it, and this is where the pre-approval API becomes necessary. Instead of allowing each transaction go through so that they then have to be cancelled manually if the target number of buyers is not met, the API ensures that buyers are only charged when the deal reaches its 'tipping point'.Anthony Hicks from PayPal cornered me for a quick interview afterwards: Yannick, our client and Likebees co-founder also got caught on camera and explained the business side of Likebees in more detail:
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by Matthew Ford
