PayPal has announced that it will launch its first-ever pilot of NFC retail payments in Sweden for the holidays, according to Mobile Payments Today.
The company has partnered with Swedish mobile banking and payments provider Accumulate to deliver PayPal Instore, a new mobile payments app for Apple and Android smart phones.
The app will be accepted at two Stockholm retailers: sports equipment provider Alpingaraget and electronics outlet Webhallen. Both retailers will offer NFC-enabled stickers that can be affixed to the customer’s smart phones to make contactless purchases at the point of sale.
To use the service, customers need only download the app to their smart phone and punch in the information on the NFC tag. When tapped against an NFC-enabled Point AB reader, the app shows the item to be purchased and any available discounts then asks the customer to confirm the purchase.
According to MPT, PayPal is using the holiday trial to gather feedback from merchants and customers before a wider roll out next year.
Read more here. ![[end]](/resources/bullet/nfcnews-4.gif)
Great for the buyers but I feel bad for the merchants who utilize paypal as a payment option. There are thousands of people who had to stop business all together because of not receiving funding as promised and choosing to hold funds for ridiculous amounts of time. See for yourself: http://www.aboutpaypal.org Its disgusting and disturbing that this company has no regulation and we agree to let them do whatr they want with out money when we agree to their terms. PEOPLE NEED TO READ MORE!!!
PayPal at POS? You have to be joking ...
“Study Sees PayPal Adoption Down Among Multi-Channel Merchants
“Twenty-two percent of EPIS merchants who had accepted PayPal on their own websites and off-eBay stores in October 2010 stopped accepting PayPal as a payment method on those sites in October 2011.
“There were 19% more merchants who accepted credit cards on their own websites and stores in October 2011 than in October 2010.”
http://www.auctionbytes.com/cab/abn/y11/m11/i21/s02
Even better, Visa is to launch its new online payments gateway “V.me” next year. The idea is similar to that offered by PayPal: you upload details of your payment cards to Visa—even if they're not Visa-branded—and Visa will process the payment without revealing your card details to the merchant.
At least off-eBay online merchants will at last be able to free themselves from the parasitic, most unprofessional, unscrupulous and “clunky” PreyPal. And, undoubtedly, PreyPal will then atrophy back to it’s mandated use on the eBafia marketplace only, from whence, without its mandated use thereon, PreyPal would never have had the success that it has had.
But, be in no doubt, except for its mandated use on whatever will be by then left of the Donahoe-stagnated eBay Marketplace, the clunky PreyPal will elsewhere be quickly buried by Visa’s professional offering, “V.me”, once it is up and running in 2012.
So, no more underpinning of eBay’s sagging bottom line by the clunky PreyPal. What will the “eBafia Don” do then? Maybe, if Mittless Romney wins the GOP nomination we can hope that he will pick as his running mate his fellow “Pain from Bain”, the headless turkey, John Donahoe. Donahoe's nearing the completion of his destruction of the eBay marketplace and so he should soon be looking for an even bigger challenge.
PayPal claims PayPal Is Not a Payments Processor! http://forums.auctionbytes.com/vbulletin/showthread.php?t=24148
eBay / PayPal / Donahoe: Dead Men Walking.