Got a tip for us? Share it...
• • RSS

PayPal iPhone App Revamped, Adds Bump-to-Transfer

Tuesday March 16, 2010 8:34 am PDT by Eric Slivka

PayPal yesterday launched a major upgrade to its free iPhone application, offering a number of new features including the ability to initiate money transfers between users' accounts by "bumping" iPhones.

+ Brand new look and feel!
+ Bump: Easily start by bumping iPhones.
+ Withdraw funds from your PayPal balance.
+ Request Money: Get paid faster, it's the easy way to ask for the money you are owed.
+ Split the Check: Instantly split the bill, calculate tip, and request everyone's share.
+ Collect Money: Ask for contributions from a group for an event, gift, or cause.
+ Set Reminders: Never miss rent or a bill.
+ Refer the app to a friend

The PayPal application's "bump" feature utilizes the Bump API from Bump Technologies, the company that gained significant publicity when its Bump application for swapping photos and contacts between iPhones was featured in one of Apple's iPhone ads.

[ 31 comments ]

Top Rated Comments

(View all)

Avatar
Doctor Q
Posted: 29 months ago
It'll give new meaning to "bumping into an old friend." Now it can pay off!

It's interesting that they threw in features like "Split the Check" and bill reminders, for which there are many other apps.
Rating: 0 Positives / 0 Negatives
Avatar
niuniu
Posted: 29 months ago
Can't say I'm interested in most of that stuff, even though I use Paypal daily. This is a winner though,

+ Withdraw funds from your PayPal balance.

I'm hoping it means/includes the option to transfer money to bank account..
Rating: 0 Positives / 0 Negatives
Avatar
jo0
Posted: 29 months ago
oops i bumped you an now im broke.
Rating: 0 Positives / 0 Negatives
Avatar
IxStyleZ
Posted: 29 months ago
this would come in handy if you run into a situation where you need something but have no cash on you.
kinda like an online credit card which you can use with other people.
Rating: 0 Positives / 0 Negatives
Avatar
aardwolf
Posted: 29 months ago

Can't say I'm interested in most of that stuff, even though I use Paypal daily. This is a winner though,

+ Withdraw funds from your PayPal balance.

I'm hoping it means/includes the option to transfer money to bank account..


Yes, I did it yesterday. It would be nicer if it would just print out the money. :-)
Rating: 0 Positives / 0 Negatives
Avatar
aardwolf
Posted: 29 months ago
By the way, HUGE security issue:

1. Log into the Paypal app using your password.
2. Put your phone to sleep
3. Anyone that steals your phone can turn it on, slide to unlock, and then send themselves all of your money.
Rating: 0 Positives / 0 Negatives
Avatar
DrummerB
Posted: 29 months ago

By the way, HUGE security issue:

1. Log into the Paypal app using your password.
2. Put your phone to sleep
3. Anyone that steals your phone can turn it on, slide to unlock, and then send themselves all of your money.


You should send them a mail. If I'm right, apps "know" when they are sent to sleep mode, so this could have been done better.

By the way, I can't find this app in the Swiss AppStore.. :confused: Is it only available in the USA?
Rating: 0 Positives / 0 Negatives
Avatar
aardwolf
Posted: 29 months ago

You should send them a mail. If I'm right, apps "know" when they are sent to sleep mode, so this could have been done better.

By the way, I can't find this app in the Swiss AppStore.. :confused: Is it only available in the USA?


I did shoot them an e-mail. And yes, there is a section called applicationDidBecomeActive that runs every time the iPhone wakes up.

Give it 24 hours, it should show up at the Swiss store too.
Rating: 0 Positives / 0 Negatives
Avatar
kbmb
Posted: 29 months ago

By the way, HUGE security issue:

1. Log into the Paypal app using your password.
2. Put your phone to sleep
3. Anyone that steals your phone can turn it on, slide to unlock, and then send themselves all of your money.


Interesting that you say this......got me thinking. So I tried it with the Bank of America app that I have on my iPod Touch.....same thing as you describe, if I put the Touch to sleep while logged in, when I wake the Touch up, I'm still logged in. Not sure if the iPhone handles it differently but it sure makes me think about how secure it is.

-Kevin
Rating: 0 Positives / 0 Negatives
Avatar
sanPietro98
Posted: 29 months ago
Does anyone really like or use the whole "bump" thing? I'm too afraid that I'd drop the iPhone.
Rating: 0 Positives / 0 Negatives

[ Read All Comments ]