Study Guide
Table Of Contents
- PayPal Certified Developer Program Study Guide
- Contents
- List of Tables
- Online Payment Processing
- Internet Security and Fraud Prevention
- Why Every Business Should Be Concerned About Internet Fraud
- Liability for Internet Fraud
- Internet Fraud: What It Is and How It Happens
- Who Is at Risk for Online Fraud
- Reducing Exposure to Fraud
- What Banks and Card Associations Are Doing to Prevent Online Credit Card Fraud
- What PayPal Is Doing to Protect Your Business Against Fraud
- Disclosure and Compliance
- PayPal Fraud Protection Services
- Review Questions
- Getting Started With Account Setup
- API Credentials
- Name-Value Pair (NVP) API
- Express Checkout
- Direct Payment API
- Transactions
- Sandbox Testing
- Answers to Review Questions
- General Reference Information
- Glossary
- Index
Answers to Review Questions
Chapter 3
A
150 March 2008 PayPal Certified Developer Program Study Guide
Chapter 3
1. The following steps describe the getting started with account setup process. Indicate the
correct order of the steps by placing the step number to the left of each description.
2 Set up an internet merchant account, if you don’t already have one.
5 Customize your payment processing service with additional services.
1 Choose payment processing services.
4 Use the PayPal APIs to implement payment processing on the merchant website.
3 Enroll in the selected PayPal services.
2. What information do you need to set up an internet merchant account?
To set up an internet merchant account, have the following information available:
– Account/business owner’s name, address, and email
– Business name and address
– Customer service information
3. How many days should you allow to set up an internet merchant account?
Three to five business days
4. Match each PayPal service that provides fraud protection to its description.
5. What is the purpose of the PayPal Sandbox?
The PayPal Sandbox is a self-contained environment in which developers can prototype
and test PayPal applications. Before moving any PayPal-based application into production,
test the application in the Sandbox to ensure that it functions properly.
Response PayPal Product Service Description
3 Fraud Protection Services 1. Provides your customers with a secure and
convenient payment flow because they don’t have to
re-enter information already stored in their PayPal
account.
1 Express Checkout 2. A fast, cost-effective way to accept repeat payments
for installment plans, monthly fees, or subscription-
based services.
2 Recurring Billing Service 3. Provides simple automated credit card fraud
screening to enterprise-grade perimeter security
services to save you time and money while
protecting your business.