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PayPal Predicts the End of the Wallet By 2015

Posted by Soulskill on from the spines-everywhere-straighten-in-relief dept.

BogenDorpher writes "As new technology emerges, one can safely assume that the days of carrying a wallet will soon end. In fact, PayPal believes that by the year 2015, no one will be carrying a wallet anymore. Instead, mobile payment methods will be taking over."

7 of 391 comments (clear)

  1. Wallet != Money by Anonymous Coward · · Score: 5, Insightful

    Wallets aren't only used to carry money or credit cards.

    1. Re:Wallet != Money by thegarbz · · Score: 5, Informative

      You haven't been to Europe have you? It's a place where debit and credit cards and not accepted at every corner store for purchasing a mars bar. Even here in Australia many stores won't let you use a payment system which requires commission such as a credit card without a minimum purchase, and even for large purchases will charge a surcharge for Amex or DinersClub. I typically carry around $100 in my wallet. My cousin in Europe carries around 600euro and this is considered normal.

  2. One less thing to carry by Mitchell314 · · Score: 5, Insightful

    Nice. It's a good thing I only use my wallet for cash, and not frivolous other stuff like a driver's license.

    --
    I read TFA and all I got was this lousy cookie
  3. Re:Not until... by nospam007 · · Score: 5, Informative

    "Not until ...... they are certified as a bank,"

    Rejoice then.

    "Commencing July 2, 2007, as PayPal (Europe) S.à r.l. & Cie, S.C.A., PayPal moved its European operations from the UK to Luxembourg. As a Luxembourg entity, it is since regulated as a bank by the Commission de Surveillance du Secteur Financier (CSSF) and provides PayPal service throughout the European Union."

    http://en.wikipedia.org/wiki/PayPal#Bank_status

  4. Re:Paypal by Anonymous Coward · · Score: 5, Funny

    Please, oh PLEASE someone, ANYONE, give me an alternative to PayPal.

    Bitcoins? :-)

  5. Re:Not until... by BenoitRen · · Score: 5, Informative

    That's only in Europe. They still aren't a bank in the USA, as the article you linked points out.

  6. The future we've all been waiting for! by Rizimar · · Score: 5, Funny

    It appears that you're trying to spend your money to buy a Snickers from this PayPal vending machine. Unfortunately, we've recently detected someone trying to hack into your account. Please prove that you're you by tying PayPal to your bank account, and then transfer $50 to us which we will refund in your PayPal account.

    It appears that you're trying to purchase a new t-shirt at the PayPal store. While you've tied your bank account to us, we've recently detected someone trying to hack into your account. Please prove that you're you by giving us your social security number which we won't use for anything other than your identification. We swear.

    It appears that you're not spending any money with your PayPal app on your phone today. We have detected that you may be deceased. Please prove that you're still alive by calling our toll-free 1-800 number from 9 to 5 PM Central. But only after transferring $50 from your bank account to us, which we'll refund in your PayPal account.