PayPal goes Mobile
PayPal has unveiled Mobile Checkout, allowing people in Australia to buy movie tickets, flowers and other goods on-the-fly.
The internet has already brought the world's shopping malls into the bedroom but now shopaholics can satisfy their impulses with a few button presses while walking home or riding a bus - as long as they have a PayPal account.
PayPal Australia product director Dinuke Ranasinghe said people had long been able to surf the web on their handsets but there had never been an easy way to make payments.
Keying credit card and other details into websites manually was cumbersome using a mobile keypad, while shopping via the mobile provider's "walled garden" portal, which charged purchases to the customer's phone bill, was largely limited to ringtones and wallpapers.
Ranasinghe said merchants had largely avoided mobile commerce to date because of the telcos' prohibitive fees, which added as much as 50 per cent to the product prices.
With the PayPal system merchants setup their own mobile website, bypassing the telcos, and are charged up to 2.4 per cent of the sale price and a flat fee of 30 cents per transaction.