Online payment giant Paypal recently announced that it has signed deals with 15 major Retailers to allow customers to pay for purchases using their mobile phones. Atlanta based Home Depot earlier this year began accepting Mobile Payments via Paypal in about 2,000 of it’s stores. Now in addition such retailers such as Office Depot, Barnes & Noble, J.C. Penney, Abercrombie & Fitch, Toys R Us…just to name a few, will begin using the Mobile Payment system. Definitely a plus for consumers in giving them a choice and convenience in making payments in this new Digital Age.
In addition to the major retailers, Paypal also has announced that over 300,000 Small Businesses have signed up for their Paypal Here services which allows Merchants to accept credit card payments via their Smartphones. This service directly competes with the startup service Square which has offered a similar service at low rates. Personally, I would like to see Paypal be able to offer Mobile Payments to Small Businesses as well in order to give similar conveniences to consumers with Small Businesses as they have with the large retailers. Another service called LevelUp has been making leeway with offering Mobile Payments to Small Businesses.