PayPal: Pay By Cheque Using iPhone’s Camera Function

By Jamie Pert - Sep 29, 2010

PayPal for many is already a source of our day-to-day activities, and that was made even simpler with various PayPal functionality being brought on to the smartphone front. You can already use it to pay for apps, but now you will be able to pay a cheque into your bank account just by taking a photo on your iPhone.

Seems a tiny bit strange, but the way this works is that when you receive your cheque, you can take a photo of the front and back then send this to PayPal to deposit it in your account, all according to PayPal exec Laura Chambers.

It is not clear whether or not this service will be made readily available to all smartphones with iOs, Android and BlackBerry OS, as the only phone to be mentioned was indeed Apple’s iPhone.

This service is already taking place and accepted by some banks, but this addition to the PayPal arsenal strengthens an already strong grip on the market.

One thing to note though, I am already sceptical about paying for things without directly handing cash over to whoever it may be, online transactions are already done by some with caution, but taking photos of cheques and sending them in to be cashed will take some getting used to.

Are you a PayPal customer that would use this service?

Source: Gizmodo

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  • MJKL

    No offense but I always wonder why people always think that everything should be free..?? Paypal offers a convenience that nobody else offers, that is a real saver when you're in a bind. So when I am in that very situation, I am happy to have it available, use it and PAY THE FEE!! They're in business to make money and they have shareholders to pay. And I'm sure it's not cheap to maintain servers and firewalls that are able to sustain such a high number of transactions. I'm certainly interested in finding out about this new service, it's probably cheaper and better than driving to that Western Union outlet that charges a fee and have crappy employees full of attitude.

  • Simon

    I bet if you use this new function you'll have to pay extra fees like you have to for any "service" paypal offers XD
    There's really hardly any use in paypal these days – they ask you for 2-10% in fees for any transaction and don't offer any service that couldn't be replaced by simply using other (free!) methods such as prepaid cards like paysafecard.
    Wonder how long it will take for people to realize …