McCarthy indicated that the PayPal in-store payment option could allow fraudsters to gain access to customers’ PayPal accounts by watching consumers entering her mobile phone number and PIN to conduct a transaction. McCarthy also questioned whether PayPal has the technological infrastructure to handle a high volume of payments.
PayPal has begun testing a service that allows its customers to make purchases with their PayPal accounts in stores. The customer makes the transaction by typing in their mobile phone number and a personal-identification number into the merchants terminal.
PayPal, a service for paying for goods on desktop and mobile websites, allows customers to fund their accounts through existing bank accounts as well as cards from Visa, MasterCard, American Express and Discover.
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