PayPal: The Internet ATM


PayPal is, in my opinion, one of the greatest
services to hit the Internet in a long time.  PayPal is also a perfect example
of how traditional brick-and-morter businesses must adapt to the Internet or become
irrelevant.

With an e-mail address and a credit card or bank account, I can instantly send money
to anyone else with an e-mail address – provided they are a PayPal user.  More
importantly, anyone with an e-mail address and a credit card or bank account can instantly
send me money without having to be a PayPal customer.

And you can get pretty creative with PayPal, too.

A few weeks ago I was playing poker with some good friends of mine.  Unfortunately,
Lady Luck was not smiling upon me this evening and the cash I had brought to the game
was now sitting in my friends’ hands.  Of course, they’d be happy to loan me
the money back, knowing I’m good for it – but I hate being in debt to friends. 
That’s when Andrew had the great idea of using PayPal.  I walked over to his
kiosk, logged into PayPal, sent Andrew the money directly from my checking account,
and walked over to Andrew to collect the cash.

PayPal – the Internet ATM.

Just to prove how cool it is, click
here to send me $1.00 via PayPal
.


Comments (3)

  1. Ajay says:

    Hey Kevin,
    Your article was jus 2 good. I have written an addup and how i forsee technology for tomorrow on my blog. Just have a look if you have enof time .

    ajay