With the overwhelming popularity of mobile phones, the time has never been better for the merging of ecommerce and wireless devices.

Never one to miss an opportunity to make readies, PayPal (an eBay company) has introduced PayPal Mobile, a text message-based service allowing consumers in the US and Canada to send money anytime, from anywhere, using their mobile telephones.

With PayPal Mobile, you can send money, purchase items or donate to charities from your mobile devices. Using PayPal Mobile’s Text to Buy service, you can buy things instantly, such as CDs, DVDs, shoes and apparel, by sending product codes via text message.

Already, companies like 20th Century Fox Home Entertainment, Bravo, MTV, and the NBA Store are offering items for purchase with Text to Buy. PayPal Mobile also enables you to Text to Give to charities such as Amnesty International, Starlight Starbright and UNICEF.

To use PayPal Mobile, you first activate your telephones by logging into your PayPal accounts. After registering your mobile telephone numbers, you must choose a secure Personal Identification Number (PIN) which protects every mobile payment.

PayPal Mobile users make payments by sending a text message to PayPal. PayPal calls the user back to confirm the mobile payment, and then sends the money to the recipient. In the case of a Text to Buy purchase, after the merchant receives the payment, the item is shipped to the address already saved in your PayPal account.

Every PayPal Mobile payment is PIN-protected and backed by PayPal’s fraud prevention system. With PayPal Mobile, financial information is never shared with the recipient. Each user’s financial information is stored on PayPal’s secure servers, not on the mobile telephone, so even if the telephone is lost or stolen, your PayPal account should remain secure.

More information about PayPal Mobile can be found at .

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BIOS, Apr 07, 06 | Print | Send | Comments (0) | Posted In Mobile phone