Paypal app updated to accept check deposits via camera
For the users who use Paypal as a 'bank', good news for you guys! Rather then waiting 3 days for money to be added to your Paypal account from your bank, you can now deposit checks directly to your Paypal account just by taking a picture of your check. While this feature has been picked up by a few major banks, Paypal has decided to join in on the fun. Today at the TechCrunch Disrupt Conference held in San Fran, Laura Chambers from Paypal announced that with in the next day or two Paypal's iPhone application will be updated to allow customers to deposit checks using photographs of the front and back of the check. Not only do we get to bump phones together we now get to play around with the camera!
- 09-30-2010, 02:20 PM #2