Has Paypal cracked it?

There’s a new cashless, cardless way to pay on the high street using your mobile phone. All you need is a PayPal account and the PayPal inStore app.

The PayPal inStore app, available for Android and Apple iOS (iPhone and iPad) devices, brings the flexibility of online shopping to the high street. It lets people shop on the high street wherever PayPal inStore is accepted, make purchases using their PayPal account and automatically redeem retail offers opted into.

It can be used at major high street retail stores: Coast, Oasis, Warehouse, and Karen Millen, but is expected to be available at more retailers later in the year.

How does it work?

Users log into the app and tap ‘Pay inStore’ to display a unique barcode and number (which is different every time you use it). The shop assistant will scan the barcode or enter the number into the till. The PayPal account will then be charged and any accepted offers will be applied. The app can even be used when there is no mobile network or WiFi coverage.

The security of ‘contactless payment’ has been a concern for many since the initial launch f the idea. But Paypal say that safety and security are at the heart of everything it does.  The application gets unlocked with a unique PIN number, and no personal or financial information, or money, is stored on the phone.

Get more information on the Paypal InStore app take a look at the step by step video here.

What’s your thoughts? We’d love to hear if you think they’ve cracked the ‘contactless payment’ conception or if you still have some concerns?

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