Las Vegas is a good place to part with your hard-earned dollars. So perhaps it’s fitting that PayPal, the money-moving arm of eBay, rolled out another way to pay at the Money2020 conference in that city this morning.
Called Payment Code, it’s a new feature of PayPal’s recently revamped mobile app. It works in a way that’s becoming increasingly familiar to consumers who buy lattes and check into flights with their smartphones: Open the app, check in to a store that takes PayPal and then present a barcode to the merchant for scanning. The app then generates a one-time-use code that the customer enters into the same PIN pad used for debit-card transactions.
Some older barcode scanners have trouble reading smartphone screens because of reflections. For those locations, cashiers can punch in a numerical code.
PayPal isn’t even insisting on using its own app: It says developers can integrate Payment Code into merchants’ apps, with the barcode displaying as part of checkout.
An Overstuffed Virtual Wallet
So what’s the hitch? Payment Code is joining a dizzying array of in-store payment options—and I’m just talking about the ones offered by PayPal. Consider PayPal’s current in-store payment methods:
- Use the PayPal app and order pickup or delivery
- Use the
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