Discussion of payments of the future with PayPal exec

Osama Bedier is PayPal's VP of platform, mobile and new ventures and here we have a very interesting conversation about how payments are changing, including a demo of PayPal's new iPhone application.

Category:

Science & Technology

Tags:

• iphone
• paypal
• payments
• credit card
• purchase
• transfer
• money
• currency

[CloseoutDirectCom]

I think a corp polish here would have suited the talk better!

[sdsmith64]

PayPal is terrible!!...they will freeze your account for any reason and hold your money for up to 6 months!! (also in the 6 months they will keep the interest your money is making, so its a scam!) example: if your selling on ebay and always make $20 here...$30 there...ok...BUT if all of a sudden you make say $1000 in one sale...they will shut you down to "Investigate". ...google "PayPal lawsuit" or PayPal sucks...

[DaleSchultz]

the cost to exchange from one currency to another should be close to zero, since you can use multiple transactions to cancel each other out. Once a week /daily you can settle the exchanges globally and eat any exchange fee (if any) on the net flow only.

[bgiltner]

Why one might think twice before donating to the Red Cross: (this is just tip of

iceberg): google Disaster Strikes In Red Cross Backyard

[anyafennec]

Hopefully the ease of donating will provide more incentive for people to donate.