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« October 2005 | Main

>April 28, 2006

Mobile Payments launched By PayPal


Paypal, one of the best payment gateway company introduced PayPal Mobile, a text message-based service allowing consumers in the US and Canada to send money anytime, from anywhere without using a laptop or computer, using there mobile telephones

With PayPal Mobile, users can send money, purchase items or donate to needy people from there mobile devices. Using PayPal Mobile's which is also known as Text to Buy service, consumers can buy things on the spot, such as CDs, DVDs, shoes and apparel, by sending product codes via text message.

There are many companies like 20th Century Fox Home Entertainment, Bravo, MTV, and the NBA Store and many more are offering items for purchase with Text to Buy. PayPal Mobile also enables users to Text to Give to charities such as UNICEF.

"With the overwhelming popularity of mobile phones, the time has never been better for the merging of ecommerce and wireless devices," said PayPal President Jeff Jordan. "PayPal already has more than 100 million accounts worldwide, and our customers have already entrusted there personal and financial information to PayPal. Now, making payments is as easy as sending a text message anytime, from anywhere for the millions of customers that prefer to use PayPal."

To use this great service of Text to Buy, customers first activate their telephones by logging into there PayPal accounts at https://www.paypal.com/mobile. After registering there mobile telephone numbers, users must choose a secure Personal Identification Number (PIN) which protects every mobile payment.

PayPal Mobile users make payments by sending a text message to PayPal. PayPal calls the user back to confirm the mobile payment, and then sends the money to the recipient. In the case of a Text to Buy purchase, after the merchant receives the payment, the item is shipped to the address already saved in the user's PayPal account this saves time of sending the address again to the merchant. All the process is done by Paypal Site.

If you are worried about your privacy and fraud Paypal Mobile has a solution for it. PayPal Mobile payment is PIN-protected and backed by PayPal's fraud prevention system. With PayPal Mobile, financial information is never shared with the recipient, privacy is their main concern. Each user's financial information is stored on PayPal's secure servers, so even if the telephone is stolen, the user's PayPal account remains secure.

For more information visit https://www.paypal.com/mobile.

Posted by Lohrasp at 03:15 PM | Comments (2)