Paypal branching out into the offline world

Paypal-monetary-transfer

By the end of 2011, Paypal is rolling out in store payment services at a major, unnamed U.S. retailer. Announced by CEO of eBay John Donahoe, this move allows the consumer to pay for products with Paypal while physically in a store. By 2012, Donahoe expects the service to be available in over 20 major retailers across North America. Paypal expects much slower growth with this technology than online sales, but growth will be driven by increased smartphone usage and payment applications come with that growth.

milo-diagramThe technology being developed for retailers is different from the near-field communication technology seen in Apple and Android smartphones. Used for peer-to-peer payments, the NFC technology creates a transaction by tapping two phones together. Merchants have been unhappy with the compatibility of NFC with their existing payment systems, so much so that one retailer sarcastically nicknamed it “Not-For-Commerce”. eBay officials are also considering partnering with daily-deal companies like Groupon and LivingSocial to bring Paypal as a payment option to smaller retailers.

Person-to-person transfers don’t offer much revenue to Paypal, thus the expansion into the offline retailer space is vital for continued growth. Paypal only gains revenue from the transaction when a credit card is used. Users that send money from an existing balance or banks are not charged a transaction fee. Paypal expects to perform $3 billion in mobile transactions this year and already had a stellar second quarter with net revenue just over $1 billion.

The larger vision for Paypal’s retailer payments likely ties into eBay’s December 2010 purchase of Milo, a company offering real-time inventory of local businesses to consumers. Small businesses can upload inventory to the website with the Milo Fetch tool and hopefully attract consumers with the promise of in-stock merchandise. By incorporating Paypal offline payments into Milo, eBay has access to a vast quantity of smaller retailers.

Smart Home

This A.I.-enabled tech brings cutting-edge automation to grocery stores

Takeoff Technologies is working to make grocery deliveries fast, accurate, and convenient using A.I.-enabled technology to augment robotic grocery orders that can be completed in minutes.
Mobile

The Galaxy S10 may be announced before MWC, sell for up to $1,750

While we still may be months away from an announcement, there's no doubt about it: Samsung is working hard on its successor to the Galaxy S9. Here's everything we know about the upcoming Samsung Galaxy S10.
Business

Chinese court upholds Qualcomm's complaint that Apple infringed on two patents

Apple is following the FTC's lead and has sued Qualcomm for a massive $1 billion in the U.S., $145 million in China, and also in the U.K., claiming the company charged onerous royalties for its patented tech.
Deals

The best iPhone deals for December 2018

Apple devices can get expensive, but if you just can't live without iOS, don't despair: We've curated an up-to-date list of all of the absolute best iPhone deals available for December 2018.
Deals

Amazon slashes price of 2018 iPad to under $250 in time for Christmas

Whether you love Apple or prefer Android, this 2018 iPad 32GB tablet deal is rather tempting. If you're still on the hunt for gifts, then this deep discount from Amazon makes now an excellent time to pick one up.
Wearables

How to use the ECG app, set up irregular rhythm notifications on the Apple Watch

The Apple Watch Series 4 is the best smartwatch iPhone owners can own, and it just got even better with the addition of the ECG app and ability to identify irregular heart rhythms. Here's how to set it all up.
Mobile

Midrange phones can’t do A.I., but MediaTek’s P90 chip aims to change that

MediaTek has announced the Helio P90 mobile processor, which it says will bring the best A.I. features we see on high-end smartphones, to the mid-range. We spoke to the company about the chip.
Home Theater

Common AirPods problems, and how to fix them

Apple’s AirPods are among the best fully wireless earbuds we’ve seen, but they’re not perfect. If you’re having trouble, take a look at our guide to the most common problems and what you can do to fix them.
Mobile

The LG V40 ThinQ, G7 ThinQ, and Watch W7 are discounted for the holidays

LG announced a series of deals for the holiday season where you can buy the company's two flagship phones, the V40 ThinQ and G7 ThinQ, as well as its latest smartwatch, for between $150 and $200 off, depending on the device.
Mobile

5G’s arrival is transforming tech. Here’s everything you need to know to keep up

It has been years in the making, but 5G is finally becoming a reality. While 5G coverage is still extremely limited, expect to see it expand in 2019. Not sure what 5G even is? Here's everything you need to know.
Mobile

Want to watch Netflix in bed or browse the web? We have a tablet for everyone

There’s so much choice when shopping for a new tablet that it can be hard to pick the right one. From iPads to Android, these are our picks for the best tablets you can buy right now whatever your budget.
Mobile

McLaren puts the pedal to the metal in special-edition OnePlus 6T

The OnePlus 6T is yet another flagship killer smartphone, bringing powerful specifications to a much lower price than the competition. Now, OnePlus has teamed up with McLaren for the OnePlus 6T McLaren Edition.
Mobile

G’day, Google: U.S. users can now give Assistant a British or Australian accent

U.S. Google Assistant users can give their Assistant a different voice. Google has updated Assistant with the ability for users to give it either a British or Australian accent, which could make it a little more personal for some.
Music

Tune in to the best internet radio stations for your listening pleasure

Even in the streaming era, radio stations get some of the best exclusives and curate some of the finest handpicked playlists around. Here are the best internet radio stations, for your listening pleasure.