Thursday March 23, 2006 9:43 pm
Pay-By-Text Service From PayPal
We’ve previously blogged about TextPayMe, a service that allows you to send money via SMS from your mobile phone. Apparently PayPal wants in on the action and is introducing their own mobile payment service entitled PayPal Mobile. PayPal Mobile works very much like that of TextPayMe, but also adds an additional service called Text to Buy. If you see an item you wish to purchase that carries the Text to Buy logo, you simply text the included number and someone from PayPal will call you back to confirm your order.
Love ‘em or hate ‘em, PayPal has some deep pockets considering they’re owned by eBay, and they’ll certainly give TextPayMe some competition. Sadly, no Xbox 360 or signup incentives are forthcoming from PayPal, which isn’t much of a surprise.
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