PayPal Mobile – sounds like a cool idea

I just read this bit about the new PayPal Mobile, and it sounds really cool.

Like any new technology of this nature, what matters less is the technology around it, and more the chicken-and-egg problem of getting people to sign up for an account when there are no retailers using it, and retailers to start using it even though there are no people signed up. I’d love to see something like this take off though. Eventually a cell-phone based payment system could evolve to replace credit cards, and could probably be designed to be faster and more secure. This system is comparitively clunky, but would be a nice first step.

Plus if every print ad could effectively be a storefront, that might make print ads more profitable, which presumably would mean newspapers/magazines could charge more for them, and require less of them. Some magazines these days have 3-4 pages of ads before you even get to the table of contents.

One thought on “PayPal Mobile – sounds like a cool idea

  1. ello,
    Thanks for the mail,
    I am an dealer and I reside in ohio and am
    purchasing it for my client in scotland and because i
    have paid for some item in the past and they were not
    ship to the destination as a result of this i now
    have my
    own shipper who will come for the pick ones the
    transaction is complete .I shall issue a check or
    Money order that contain both the money for the 2 paypals mobile phonesand the shipping.As soon as your
    receive the check or money order and cash the money
    in your hand then you can send the excess money to
    the shipper.
    If you have consider this payment mode then get back
    to me with the last asking price of each,your
    name,address and phone number for further
    transaction.I shall appreciate your assistance
    Reply asap

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