August 24, 2016
PayPal Launches Updated Mobile App
Sept. 9, 2013
On Thursday, PayPal released a redesigned version of its mobile payment app that, among other things, provides a better experience for diners and features a built-in credit line. The new app, available now in iOS and Android versions, makes choosing between the payment methods linked in the user’s PayPal wallet easier.
The company said the new PayPal app has a tab called “Shop” that lets users find shops or restaurants nearby that accept PayPal payments. Once found, users “check in” to the particular store and can change how they want to pay from the “check-in” screen.
“You’ve really got access to your entire wallet in the app,” said Hill Ferguson, vice president of global product for PayPal. “Paying with your phone doesn’t mean you have to give up choice. We have made it even easier to pay using your bank account in one store and your credit card at the next place.”
Checking in to participating restaurants in the Eat24 network (about 1,000 are currently available to app users) enables users to order ahead and bypass lines. It also lets users pay their bill and tip from the table without waiting for a check.
Ferguson also explained the new credit-line feature.
“For the first time, you can apply to finance your PayPal purchases from inside the app by selecting the Bill Me Later option,” he said. “You also have the opportunity to get flexible financing and promotional offers such as “six months to pay on purchases of $99 or more” from participating PayPal retailers.”