Paypal has become the ubiquitous method for transferring money over the internet. Anyone who has bought anything off Ebay, Etsy, or a huge variety of online sellers will most likely have a Paypal account. Created in 1998, the idea was simple and beautiful: send money via email. It's a little bit more complex than that, but that's the essential spirit of the service. There are currently more than 153 million Paypal accounts worldwide.
Paypal has responded interestingly to the rise in mobile technology. The newest version of the Paypal iPhone app allows you to transfer money to another persons account by simply touching two phones together, as opposed to manually entering the necessary data. It also allows the user to transfer money between their bank account and Paypal account. If the technology continues to grow at the rate it is currently, this sort of transfer could be incredibly useful to small businesses in the future.
Haiku:
Buying online made
Simple, except I always
Forget my password
PayPal Transfers Made Simple
Paypal
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Thanks for sharing that Lachlan. This application is a great example of 'software above the level of a single device'. Anything that makes payment a simple process can only benefit the vendor.
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