Paypal.com finally goes Mobile

Finally!

Paypal is going into the mobile payment provider area. What does this mean? This means that you can send money to another person or entity using your mobile phone. It's basically your paypal account linked to you phone. You send a text message to a phone number with the amount. To verify the transaction, paypal calls your phone and you enter in your PayPal Mobile PIN number. Once the payment is confirmed, the transaction is completed and the money is transferred to that person's/entity's account.

The best part is that Paypal is introducing a service called Text to Buy, where you can buy things like buy DVDs, electronics, books, etc securely through your mobile phone. The Text to Buy signs can be put on posters, in a magazine ad, at event/convention. You can buy the item texting the item number through your cell phone, complete the transaction with the callback, and the item will be sent to you by mail.

I first read about it in this blog then I went to the paypal site to activate my phone. Definitely check it out.