In the News: “Will that be cash, credit, or cell phone?”

It won't be long before we'll be able to pay for our purchases with our cell phone. I accidentally stumbled across this piece of news at the bottom of this web page:http://www.kentucky.com/mld/kentucky/business/14174221.htm

It intrigued me enough to search out more details, which I found here:http://www.technewsworld.com/story/49559.html

Paypal is currently testing a system where cell phone users can text a purchase request by cell phone. Paypal will call them back to confirm the purchase. Once it's confirmed, the product will be shipped to their home address.

This is only the beginning! At first, they'll have to work out the bugs and make sure that consumers feel secure enough to use text messaging (short text-based messages you can type on your cell phone and send to recipients) for a purchase. Text messaging is becoming more popular (it's currently growing in popularity and is used by shows like American Idol to get viewer feedback on contestants), but is yet to be accepted and used as regularly as the typical cell phone function.

Once Paypal tests their system and as text messaging becomes more widely used, I believe we can expect to see online and offline businesses posting a “Text to Buy” address in their stores so that consumers have an additional way to purchase the products they like.

Get ready to make more sales by asking your customers, “Will that be cash, credit, or cell phone?”

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