mobile commerce

PayPal Invites Merchants to Check Out Payments Platform in New York

Posted by Mark J. Miller on October 18, 2011 09:55 AM

The world has gone mobile and PayPal is going with it.

The company is getting ready to introduce a new mobile payment platform and wants merchants to check out the new in-store payments service in a retail setting. To help build awareness and comfort among retailers, restaurants and other local businesses, the online-payment service is opening a pop-up store in New York's Tribeca neighborhood to demonstrate it.

TechCrunch reports that “PayPal will be inviting merchants to come visit the space where they will have the opportunity to get real-time demos of the technologies in realistic point-of-sale scenarios.”

PayPal “is investing in a comprehensive solution for in-store merchants to integrate PayPal into the checkout and mobile payments experience,” which means that consumers should eventually be able to pay using different devices and get real-time location-based discounts and offers, as the e-commerce enabler explains in the above video.

Plus, customers can check out a store’s actual inventory on products as well, which will be good to have when there’s a run on whatever the next Cabbage Patch Doll-like phenomenon is.

Retail consultant Mike Wittenstein feels the NYC pop-up, which opens on November 1st at 174 Hudson Street, is a smart idea. "Pop-up stores are a proven model that work and they work well," Wittenstein told RetailCustomerExperience.com.

PayPal promoted the temporary showroom on their corporate blog this week, where Carey Kolaja, senior director of emerging opportunities, wrote:

When PayPal created the first digital wallet in 1998, we couldn’t have dreamed that 13 years later payments would be making headlines daily and driving corporate strategies at companies as diverse as the customers they serve. 

From tech and telecom giants to the Valley’s most successful social networks and start-ups, these days it seems like everyone wants a piece of the payments pie. 

And for good reason. The way people shop is changing, and retailers have to change too.  But while so much of current thinking is focused just on the future of “checkout,” here at PayPal we’re creating a better shopping experience, from start to finish, no matter what what’s being bought, where it’s being sold, or how it’s being paid for.   

We gave some of our customers a sneak peak at this technology in Los Angeles during our Customer Summit last month, but now – just in time for the biggest shopping season of the year, in one of the biggest shopping capitals in the world – we’re setting up shop to demonstrate how PayPal really is the future of shopping. 

We’re excited to officially announce PayPal’s Shopping Showcase, a special invitation-only installation where we’re giving a behind-the-scenes look at our newest products.

Imagine a digital wallet that stores all of your gift cards, loyalty points and offers and then automatically applies the stored money and savings for you at the point of sale.  Imagine purchasing an oversized item from the aisle and having it shipped directly to your house in a matter of clicks.   At the Shopping Showcase, we’ll be showing merchants and select members of the media a complete set of solutions that do all of this – and so much more.

Keeping up with technology is hard, not just for retailers, but also for the range of customers that they serve.   So, without mandating any technology upgrades or favoring one solution over another, we’re making the connection between merchants and consumers more convenient, more personal and more relevant. 

We can’t wait to show New York just how excited we are about the future of shopping.

Comments

Philip Cohen Australia says:

Both John Donahoe and Scott Thompson are simply delusional if they think that PayPal can continue to underpin the faltering eBay “house of cards” by becoming even a minor threat to the existing banks/Visa/MasterCard payments systems at traditional Point-of-Sale—the idea is pure science fiction. (Beam me up Scotty!)

The real question is, when are the world’s various "banking" regulators going to finally do something about over-sighting this unethical, unprofessional, unregulated and clunky financial operator that not only acts like a bank—an unlicensed bank—but is in reality an unethical money gouging arm of the Ho’s “eBafia”?

Even though PayPal clearly offers banking-type services (ie, holding users’ funds in non-prudentially regulated and non-FDIC insured banking-type accounts), PayPal is mostly registered in some places not as a bank nor as a provider of credit but only as a “money transmitter” (like Western Union), and indeed PayPal itself has claimed that they “are not a payment network”, and there is a grain of truth in that claim because most (but not all) of their activities facilitate the transmission of funds simply by riding on the back of the banks’ existing payments processing systems.

In fact, the only thing creative about PreyPal has been their founding use of users’ unique email addresses as identifiers for online payment transactions. PreyPal is otherwise no more than a blood-sucking parasite riding on the back of, and in the main cannot function except via, Visa/MasterCard and the banks’ existing payments processing systems.

Regardless, outside of PreyPal’s mandated use on whatever will ultimately be left of the Donahoe-stagnated eBay Marketplace, PreyPal (and most other third-party payments processors) will eventually be consigned to the history books by the retail banks/Visa/Mastercard once those players get their “online” act together. There is nothing surer than the sun will rise in the morning.

Both eBay and its ugly daughter PreyPal are most unethical, unprofessional organisations: they have both become the most despised commercial entities on the planet—apparently, even more hated than “the banks”.  eBay, amongst many other things, has forever knowingly and criminally, facilitated shill bidding fraud on eBay’s trusting auction buyers. And what else can be said about PreyPal that many PreyPal merchants do not already know? Repeat: It’s a most “clunky,” unprofessional operation.

Having said that, it’s possible that PreyPal can survive by becoming the merchant account provider “of last resort” for those very small or unscrupulous merchants unable to get a real merchant account from their own bank—Oh, hang on, hasn’t PreyPal always been just that, and charged all their users accordingly?

eBay, a Knowing Criminal Facilitator of Auction Shill Bidding Fraud: Case Study #4:  
forums.auctionbytes.com/.../showthread.php?t=23540

PayPal Claims that PayPal Is Not a Payments Processor!
forums.auctionbytes.com/.../showthread.php?t=24148

And, from along the way, a compilation of (mostly inane) quotes from eBay executives:
forums.auctionbytes.com/.../showthread.php?t=24159  

Enron / WorldCom / eBay / PayPal / Donahoe: Dead Men Walking.

October 18, 2011 06:02 PM #

Kim Fraiser United States says:

There seems to be all of these retail apps coming to the market but what about an app for B2B payments. Did you guys hear about CSI globalVCard? It just launched September 1st to Android and I heard they just launched to iOS and soon they will launch to blackberry.

October 19, 2011 11:58 AM #

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October 20, 2011 11:22 AM #

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