Send Money to Anyone With Your Cell Phone
Filed under General Journal.
A really cool new service was just launched where you can send anyone money by just sending them a text message from your phone. It works similar to Paypal.com only instead of sending money via an email address, you use your cell phone. Of course the person you are sending the money to also has to be registered but it’s free to join. Paypal.com is rumored to be working on a similar service but this new company beat them to the punch. The site is called TextPayMe.com. If you signup now you get $5 free in your account to start with. You can link your account to a bank account or a credit card.
You may be wondering why you would want to text someone money. Well some possible uses are:
1. When you go out to eat and one person pays the entire bill - you just text that person your share so you don’t have to split the check or worry about remembering to pay them back later.
2. When you split your rent or utilities with your roommates. One person pays the full bill and you just text them your share.
3. When you want to pay for a purchase, like on Craigslist or a yardsale or even a local business if they are setup to accept such payments.
4. When you want to send money as a gift to a friend or family member.
5. When you want to instantly transfer money to another bank account, like a son’s or daughter’s bank account if they are out of town, in college or travelling.
6. When you want to instantly loan someone some cash.
The possibilities are endless. It really could be a pretty useful little service. It will be interesting to see what Paypal.com launches and how integrated their services are.
