Bump Pay brings in-person PayPal transactions to iOS
Unlike its big brother, Bump Pay is iOS only at this time. The app, which is being released from Bump’s experimental division called Bump Labs, uses the same technology as traditional Bump, which enables the app to use a phone’s sensors to “feel” a bump. It sends that information to the cloud that has a smart matching algorithm that pairs up phones that felt the same bump.
Once that occurs, Bump Pay uses existing PayPal accounts to facilitate the transaction. Bump Pay requires no setup and is absolutely free. As long as your PayPal account is pulling from a checking account, there are no fees associated with the transaction.
While Bump Pay only works in-person unlike some other mobile payment apps that allow you to send money to any number, it could prove to be useful for small transaction where using cash and making change can be a real pain, for example, splitting a tab with friends or even picking up some items at a yard sale.
You can pick up Bump Pay in the app store here.
1. protozeloz (Posts: 5393; Member since: 16 Sep 2010)
awesome! this + NFC will be a great deal
2. TalkingTechy (Posts: 97; Member since: 05 Dec 2011)
NFC not needed. Latency is minimal going up to the cloud for this.
4. protozeloz (Posts: 5393; Member since: 16 Sep 2010)
well if your friend needs money to buy on an NFC enabled machine you could lend him the money, that's mainly what I'm talking about, usage of the shared money in a seamless way without going though your account and transferring funds, simply get the money and pay right away using your phone. something paypal does not offer yet.
Long time no see, how are you doing?
3. Bigbluetundra (Posts: 45; Member since: 03 Nov 2011)
And college weed dealers everywhere are rejoicing...
5. myrnabelle (Posts: 1; Member since: 04 May 2012)
What happens if the electricity goes out and you can't use a card terminal or any other sort of electrical based device