Ebay announced that it would open up its managed payments program to third-party developers by issuing new payments APIs, a move that will allow faster payouts and enhanced transaction detail. 

Gail Frederick, vice president, mobile and developer ecosystem, outlined the new APIs at the company's annual developer event and also in a blogpost yesterday. 

The move is the latest step in a year-long effort to give Ebay merchants and customers the ability to conduct transactions through the payment method of their choice, without the merchant being forced to make heavy investments in their own payments infrastructure, 

The Finances API will provide developers a more holistic view of transactions, allow a more seamless connection to merchant accounts and help sellers with accounting and reconciliation, according to the blogpost. 

The Account API helps determine whether a seller has joined the managed payments program, according to the blogpost. In addition, a new Fulfillment API helps sellers issue full or partial refunds to their buyers.