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Jul 11 2007

PayPal Growing Fast

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I almost typed “PayPal Growing Fat” and corrected my mistake… but then again, that title works just as well. eBay’s PayPal is going in many directions these days- and now with PayPal Mobile they will continue to leverage their traditional internet success. Mobile internet capable device users can now see a PayPal button when shopping, and can quickly make payment for many different services. Heck, I even read today that both Southwest and Northwest Airlines are even accepting PayPal. I’m not sure how many people will do that from their cell phone, but it’s an option now. Will people really use their cell phone or Treo to buy things? I can think of a few things, such as pizza or other food delivery services that would fit very well. Maybe if I had an iPhone I would try it out… :) I have used PayPal many times in the past to purchase and sell items on eBay, but I’ve never used it for anything else yet. I’m still long on eBay (EBAY) stock, so whatever they do to improve margins and increase profits is fine by me. Should be interesting to watch!

Next week I’ll be hosting the 18th Carnival of Money Stories. The focus is for real-life stories and examples that relate to money, described at the carnival site as seeking the “…personal experiences or the experiences of others on saving, investing, finance, money management, money generating, business ventures, success and tales of struggle. We would love to hear how you are handling your financial and business challenges as well as your opinions on money news and stories you come across.” Here is the article submission link… I look forward to hosting!

Full Disclosure: Long eBay at time of writing.

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