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We asked Gerry Purdy, chief mobile strategist at Compass Intelligence, about PayPal's latest innovation. He told us this is the next step for the payments processor , which started out as a way to guarantee eBay users would receive the goods they purchased and has evolved over time.
For example, PayPal has waxed aggressive over the past year with web developers, making it as simple as possible to integrate Pay by PayPal into sites. PayPal also charges lower credit card processing fees than traditional gateway providers, which has helped it proliferate in the online payments world.
"PayPal could become the back-end infrastructure for payments the way Amazon has for logistics. The other side is that this is cool but you also have to be practical. Some people will walk in the store and they don't have the PayPal app. So they have to take time to download it if they want to engage," Purdy said.
"Of course, if someone walks in and doesn't have a smartphone or doesn't want to use the PayPal app he can still buy the traditional way. PayPal is doing one thing really well -- making it very easy to fulfill a payment through the PayPal back-end infrastructure and this is another example of that," he said.
Posted: 2013-09-11 @ 11:32am PT
Quite fascinating. BUT, I rarely have bluetooth on. Who has BT on all the time? And then there's all the bad rap about PayPal. Personally, I've never had any issues with them..except for the fact that they took so long to get PayPal Here here in the UK. Good thing there are other mobile payment providers just as awesome such as mPowa here when I needed a card reader.
Posted: 2013-09-11 @ 10:09am PT
Wot? Another load of nonsense from the eBay Dept of Spin ...
How about some reality ...
eBay's crooked marketplace ...
The clunky "PreyPal" ...
And the ongoing joke of it all ...