PayPal will be opening its API to third party developers starting November 3 and 4, at the PayPal X Innovate 2009 conference.

Better late than never.

In Japan phones have been used to pay for everything for years, so its not like PayPal is coming up with a new idea, just a plan to finally allow people to use their service like they do other banks already.

Starbucks recently announced an App that allows customers to pay for drinks with their iPhone. PayPal should make their own app rather than waiting for third party developers.