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Mobile PayPal

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TechCrunch points out a service called TextPayMe that allows you to send money though SMS. PayPal is apparently also working on this service.

Back when PayPal launched and was endoresed by James Doohan (preseumably to get people thinking about “beaming” money?), the entire service was centered around the idea of emailing money to people. There was a Palm client that you could use to send money to people. Just enter their email address and the amount, and next time you synched your Palm, the money would be transferred. My co-workers and I used it to simplify splitting the tab at lunch. One of us would pay the tab and the rest would PayPal over our share, right from the table.

Everything old is new again.

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