PayPal demonstrates changes to Digital Wallet

As expected, PayPal has demonstrated its newly redesigned Digital Wallet service. Two videos outlining the thorough changes to the service are embedded below, made by the eBay Ink blog. The desktop interface sports a plethora of options of how user can user their money, pay for purchases, and even split it into different accounts, or "buckets" as PayPal VP of global product and experience Sam Sharuger reveals.

The service aims to compete with the likes of Google Wallet, Isis, and other mobile payment services. With Digital Wallet, users will have the unique ability to change how they pay for goods and services, post-transaction thanks to PayPal's grace period. For example, paying with PayPal will later allow users to pay PayPal for the purchase with a credit card or a debit card, which is the kind of flexibility no one else currently offers. This could allow them to earn loyalty points, air miles, or whatever other "currency" users get on various methods of payment. Splitting payments among multiple cards, be they debit or credit, is also possible. [via BGR]

By Electronista Staff

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industry, Paypal, Isis, Google Wallet, Digital Wallet