PayPal Via Cellphone

Paypal has transformed your mobile phone into a magic money wand.

Send cash two ways:

1) Text to 729725 (PAYPAL) with the amount and recipient
s phone number. Example: send 5 to 4150001234

or 2) Call 1-800-4PAYPAL (1-800-472-9725) and follow the instructions.

You’ll have to first activate your phone for the service. (Requires Paypal login)

Paypal also is unrolling a Text to Buy service. If you see the code on a poster, on TV, at an event, you can just order it by texting.

A new era of easy purchasing is upon us. Can’t wait to see what scams will follow. Hope there’s good identity verification, otherwise losing your cellphone could get a whole lot more hirsute.

Mobile Paypal [PayPal via Lifehacker]

Comments

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  1. Chris H says:

    This type of payment has a huge downside: you are giving your cell phone number to everyone you pay! The result is that your wireless phone number will eventually appear in databases (such as Merlin and Lexis’ debt collection databases), and then you have to think about telemarketing…

    It’s important when using online payment, and technologies like Paypal, to link your account to a credit card instead of a checking account or ATM card. Your credit card provides many more protections (more than just $50 liability ceiling) than checking/ATM. So you should never do this idiotic “get verified” thing that Paypal asks you to do.

  2. Bubba Barney says:

    I’m just waiting for the day when cash is done away with and all transactions will be done via cell phone.

    As soon as your able to dial a phone, the government will issue you a cell phone that you must have on your person at all time that contains all your medical history, driver’s license info, DNA profile, education and credit history, logins and password, etc.

    We will finally be one step close to being assimilated under Big Brother.

  3. Nick says:

    Great. So now, all you need to forge a payment from someone is their cellphone. If I’m not seriously mistaken, text message sender numbers have about the same degree of assurance as email from addresses and caller-id numbers. Eg, none.

  4. OkiMike says:

    I still like our built-in barcode readers on our phones here in Japan. We just hold them up to something we want, like a vending machine, press “Enter” and the purchase is made and added to our monthly bill. Out pops the soda.