How To Pay Someone Using Your Cell Phone
Back in the good old days, I loved PayPal because I could BEAM someone money from my Palm Pilot (remember those!). You could pay anyone any amount on the spot instantly electronically. It was the digital future.
But PayPal pulled that feature as they grew and finally became part of eBay. Now cell phones are more pervasive and a new company is trying to bring micropayments to cell phones with a neat new service with a twist.
You can send money to anyone via text message with Obopay’s new payment service. You can simply text any amount of money to a friend instantly. Or you can use your mobile web browser to use the wap website to make the payments. And there’s yet another option to download a tiny application that lets you do it all on your device. Any way you look at it, it’s like PayPal for your phone.
And unlike PayPal, it’s really cheap to use. It costs only $0.10 to send money to someone and it’s free to receive money from people or withdraw money to your own bank account.
You can get an optional linked debit Mastercard which you can use to spend your obopay account balance whenever you need, so you can access the money immediately at any store or restaurant.
There’s no set-up fees to create an account, and there are no monthly fees, etc. So I’m setting up an account so that I can use it on the fly when I owe someone a little bit of change.
If I text a friend money, they don’t pay anything to receive it nor withdraw it, I just pay $0.10, and most importantly, I don’t owe them anything instantly and everyone is happy.
I’m sure PayPal will hit this market shortly, but in the meantime, obopay is the way to go.