PayPal has launched a new service called PayPal Mobile allowing purchases via cell phone text message.
From now on, consumers can look for its “Text 2 Buy” logo in magazines and newspapers or on TV, billboards, posters or Web sites. When they see the logo, they then key a product code into their cell phones.
The service will also allow people to send money to each other through text messages.
I’ve been hearing about how PayPal and others, like Google and its supposedly upcoming PayPal killer, have been working on this feature, and I think it’s a natural and practical development for them which is also quite simple to do technically.
Ya subzero
I don’t speak english very well.
this is interesting only if you have a large sum in your paypal account that you want to use against online or instore purchases. transfers in from and to paypal costs money, and furthermore paypal is not advantagous when it comes to purchases in currency different from the one posted with the product.
also, the exchange of money between friends is/will be subject to scrutiny by the IRS and the CCRA.
so overall, this addition to paypal is more of a hype that pratical….