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You're so money Enable receipt of mobile payments with PayPal

Posted by tom klein October 29, 2007 at 2:30 am

While there’s much talk about mobile payments, you would think that the only thing available is a faster way to charge a credit card - not really move money from buyer to seller.

That’s just not true. You can make real payments using your mobile phone and PayPal mobile. Now you can send a text message payment just as easily as an email payment, opening up the opportunity for buying and selling wherever you are. If you don’t already have one, get yourself set up with a PayPal account. Then, select a phone number to activate. The system will call you and ask you to enter your PIN. There, it’s done. Now you can send payments to any email or phone number from your phone (and in just about any currency). You can even do handy things like checking your balance.

Doesn’t this make you wonder why your bank doesn’t offer this kind of service?

Remember - the easier you make it for your customers to buy - the more likely they actually will. Are you making it easy to collect money from your customers?

This mobile system works in both directions. You can send a text message request for payment (an invoice - example: get 5 from 4085552388). It can be a handy way to remind people that payment is due and, importantly, make sure you get paid.

Nearly every person who walks into your store, onto your used car lot, or through the front door of your office carries a mobile phone. If you’re not currently tracking your customers closely, this method will let you not only speed receipt of payment, it will also give you a remarkably valuable piece of information - your customer’s phone number!

Let the phone pick up the tab PayPal Mobile – It’s awesome

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