PayPal 2.0: Bump iPhones to Send cash
3/17/2010 09:46:00 PM - 0 comments
If you are one of the millions of iPhone users relying on PayPal for your business transactions, here’s good news for you. Paypal has rejuvenated its association with iPhone by bumping up mobile commerce with an iPhone application. It has recently released version 2.0 of its Send Money application for iPhone – with the help of this app, paypal account holders can avail cashless transaction facilities with ease.PayPal is highly optimistic about the time of release of Send Money app. It has been launched at a time when smartphone sales have leapt past 172.4 million units in 2009. At the same time, PayPal mobile transactions have increased almost six-fold, from US$25 million in 2008 to US$141 million in 2009.
Cool functions with the new version 2.0 Paypal iPhone app
This free application from Paypal is also supported by three nifty features - Bump, where iPhone users physically bump phones to transfer money from one account to the next, a Split Check calculator and the Collect Money function, which politely prompts debtors to pay up.
The new version also comes with a currency calculator for international transactions and 15 different languages. All you require to use PayPal Send Money app is a PIN or password for every transaction, so as to help prevent unauthorized use. You can download the application now for free at the Apple iTunes store online or the Apple App Store from any iPhone or iPod Touch.
With Bump you can connect two iPhones and quickly transfer funds between the respective PayPal accounts. On the other hand, the Split Check feature in a hassle-free way allows you to divide and instantly pay back each other for instances like the cost of a meal, including a tip, to as many as 20 people. Besides that, with Collect Money function you can request money from multiple people for a joint gift, concert tickets, and more.
Another breakthrough function of PayPal Send Money app is that users can forward gifts of money instantly for birthdays, Christmas, to charities or any other worthwhile cause. In a nutshell, PayPal Send Money app will allow you to access your wallet through your iPhone. The new version 2.0 has also incorporated a feature where users can manage their PayPal accounts all from the iPhone and set reminders for recurring payments as well.
Watch this video to know more about the new version of Paypal App for iPhone:
Posted: Seuli.B
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