Thursday, March 23, 2006

Mobile Crunch has the PayPal Mobile scoop

PayPal Goes Mobile!

Posted by Oliver | Discussion: 14 comments

Hot on the heels of yesterday’s post, comes this amazing news from PayPal that PayPal is launching a mobile product!

According the the Internet Payment Giant’s website, it is now possible to send and recieve money via mobile phones as well as make purchases directly from a mobile phone. According to their published materials:

Send money to friends and family

Send money securely, anytime, from wherever you are. You don’t need cash or a check – just your phone.

After you activate your phone, you can send money one of two ways:

* Text to 729725 (PAYPAL) with the amount and recipient’s phone number.

Example: send 5 to 4150001234
* Call 1-800-4PAYPAL (1-800-472-9725) and follow the instructions.

Since a picture is worth more than a thousand words, here’s a screen cap from their website. I’ll be revisiting this later today with more details.


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