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TextPayMe - Amazon Payments

At first glance, TextPayMe looks all at once both complicated, and impossible. Depending on the perspective, the idea that you can buy goods or transfer money with a mobile phone can be extraordinary. However, as Amazon has shown us recently, it can be done. With the punch of a button, you can send money to a friend, or relative, or instead, you can buy that CD that you just now remembered while taking a jog! You can also receive payments from other people for goods you might be selling on Amazon, or just receive funds from friends and relatives.

Signing up is a little vague, and seems complicated, but generally, if you already have an Amazon account, then you can go ahead and get Amazon Payments, which works a lot like Paypal. You attach your bank account to the Amazon TextPayMe program, and adds funds from your bank, then pay for  Amazon goods, or send funds to others. There are also multiple types of TextPayMe accounts available, but they refer to it as “enhancing” the account. If you think this review is vague, you haven’t seen anything until you read the FAQ on TextPayMe.Com. Still, the basic point is there; it’s generally a Paypal for Amazon. Despite Amazon being the more reliable Internet surplus for shopping –eBay has lost a lot of its popularity due to being overrun with scams, this looks more like an attempt to compete with the new Paypal plug-in.

What’s the concept?

Paying and transferring money quickly, and safely with your mobile phone.

Why should you care?

Well, that’s a good question. This definitely makes an interesting alternative to paying for something you want on Amazon, or transferring money while on an elevator, or just generally not near a computer.

How do they make money?

From percentages acquired from sales on Amazon.

Will this company last 5 years?

Definitely; it’s Amazon, the safe alternative to eBay; this is just one of the many mobile phone apps that are going to become highly popular during the 3G cell technology wave.

Suggestions for improvements?

A better, and more informative web page.