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rayspages says

I want to sell banner space on my blog. Is anyone aware of a plug-in for WordPress that would allow me to create ad zones and provide the framework for advertisers to instantly purchase banner space through PayPal or other payment gateway? What should I expect to pay for custom code like that?

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CreativeMilk says

There are a couple of plugins but i dont know the names of them anymore, some blogs use these scripts.

A other good way is to use buysellads.com