Paypal's New Vision: Future of Shopping

[HunkyLuke]

Paypal gave their merchants a sneak peek at the "future of shopping" yesterday, which includes some neat new features like allowing payments for products in-store by scanning barcodes with a mobile, and doing authorizations with a phone number.

Merchants will be able to push geo-ads and coupons, and consumers will even be able to 'buy now and pay later'.

Check out their promo video


It talks about new features like:
- Payment at the till, simply type in your phone number and PIN at the cash register to authorise a payment directly from your bank account.
- Payment at the till with a PayPal card, which is not associated with any banks.
- Payment with your phone, by scanning a barcode
- Finding and ordering products with your phone in a shop for future delivery, simply scan the barcode, search the shop's inventory, select the exact product you want and buy it with home delivery

Could be interesting!

[x0pa]

o0o very interesting, this should be good for a client of mines online/physical store front

[nickbaer]

Any thoughts on TLA now accepting PayPal??

Tangible DVDs are not "risk".

[conran]

I think they're getting ahead of themselves just a touch. This is the same company that has issues with adult products and media, and yet they're suggesting how retail should be in the future?
When they're close to being in-line with other payment systems out there I'll trust their judgment and perhaps listen to their opinion, but until they provide a basic service equal to other methods in existence for decades I don't think they have anything to say on the future of financial transaction.

I'll look at anything they say with one eyebrow raised

[dappz]

this is interesting