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PayPal Brings Mobile Payments To U.S.

Posted by ryuzaki0 on from the lol-i-pay-kk dept.

An anonymous reader writes "PayPal is bringing the eastern use of the cellphone as a payment method to the United States. The company's mobile service aims to use secure text messages as a payment method for direct-marketing initiatives and other 'on-the-spot' mercantile opportunities." From the article: "To the extent that digital money doesn't feel like real money, it may increase spontaneous purchasing ... " This story offers more details on a discussion we had last month.

1 of 130 comments (clear)

  1. Re:PayPal International Support by suv4x4 · · Score: 4, Informative

    "The reason why PayPal (and most other financial institutions) don't support the eastern european countries is that those countries are notorious for the sheer number of fraudsters. So much so that it is not worth it to provide service there."

    Thanks for standing behind an old stereotype that offers quick answers. However you may notice that "fraudsters" script kiddies can obtain US credit card numbers and then sign up without problems for PayPal.

    It's guys like me who want to sign up with their own credit card that have the problem. The credit card operators in Bulgaria are the same as those well known internationally (MasterCard, Visa, Diners Club etc.).

    And to bust another stereotype, it's not "most other financial institutions" that don't support Eastern Europe, from the big payment processing companies, the problem is specifically with PayPal.