728_header.jpg (23748 bytes)
 Home 
 EB Blog 
 AB Blog 
 Letters 
 Podcasts 
 ABTV 
 Forums 
 EPIS 
 PR Service 
 Classifieds 
 EKG 
 Ratings 
EcommerceBytes-NewsFlash, Number 2245 - March 17, 2010 - ISSN 1539-5065    3 of 4

PayPal Launches New Send Money App for iPhone

By Ina Steiner
EcommerceBytes.com
March 17, 2010




Email This Story to a Friend

PayPal unveiled a new Send Money application for the iPhone. Version 2.0 of the PayPal Send Money app offers features such as "Bump money" transfers, Split Check and Collect Money.

With "bump," users can put two iPhones together, and funds are quickly transferred between their PayPal accounts. The Split Check feature lets users divide and quickly reimburse each other for the cost of a meal, including tip and tax, for up to 20 people. Collect Money allows users to request money from multiple people for a joint gift, team dues, concert tickets, and more.

PayPal said mobile transactions have increased from $25 million in 2008 to $141 million in 2009. The application is now available to download for free at the Apple iTunes store online or the Apple App Store from any iPhone or iPod Touch.

About the author:

Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com.

You may quote up to 50 words of any article on the condition that you attribute the article to EcommerceBytes.com and either link to the original article or to www.EcommerceBytes.com.
All other use is prohibited.

Sign up for our Email Newsletters

Email This Story to a Friend
Email this story to a friend.


3 of 4


Sponsored Ad