Printed from http://www.electronista.com

PayPal details new wallet tech

updated 08:05 pm EST, Fri March 9, 2012

Plans added services beyond traditional payments

In February, PayPal provided new details on how it planned to roll out its in-store payment services. The subsidiary of eBay plans to demonstrate at the SXSW conference in Austin how it hopes to distinguish its consumer-side digital wallet service from the competition, including Google Wallet and Isis. PayPal hopes to expand its attractiveness by offering more payment flexibility, generating wish lists, and providing greater account control.

For payment flexibility, PayPal will let users change their mind on how they pay for an item, even after they've made the purchase and taken it home. For up to five or seven days after buying it, the consumer will be able to switch payments from one credit card to another. It will also give them the flexibility to switch to a particular installment payment plan or split the charge between several credit cards.

The PayPal Digital Wallet will also let individuals search for, compare, and create personal lists of things they want. PayPal will find deals and coupons and deliver them electronically to the user so they won't have to remember to bring them along to the store. The wallet will allow creating rules for spending by the amount of a transaction, select a payment method based on the store they are using at, or set aside money to a special fund.

PayPal will begin rolling out these new services in late May. [via TechCrunch]



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Asus Chromebook C300

When Chromebooks hit the market back in 2011, consumers didn't know what to do with them. The low-cost laptops, powered by Google's Ch ...

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

Lemur BlueDriver

"Oh no, the check engine light is on…again! What one of the hundreds of reasons could it be this time? Probably going to cost a fort ...

Sponsor

toggle

Most Commented

 
toggle

Popular News