Deposit checks using your iphone camera

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  • SmokeyTheBear
    ►SouthOfHeaven
    • Jun 2004
    • 28609
    #1

    Deposit checks using your iphone camera

    http://news.yahoo.com/s/ap/20101008/..._check_scanner

    PayPal has added a feature to its free iPhone application that lets users deposit checks into their PayPal accounts by taking a picture of them.

    The online payment service owned by eBay Inc. launched the feature this week.

    It lets you deposit a check by snapping a photo of its front and back with an iPhone. Once the funds show up in your PayPal account balance, they can be spent or transferred to a bank account.

    PayPal recommends keeping the check for 15 days, just in case it doesn't clear properly.

    Osama Bedier, Paypal's vice president of platform, mobile and new ventures, said the feature cleared $100,000 worth of checks in the first 36 hours it was available.
    hatisblack at yahoo.com
    Tags: None
    • Jarmusch
       
      • May 2003
      • 12479
      #2
      Interesting, I wonder if checks in USD can be deposited to PayPal accounts outside the US

        Comment

        • beta-tester
          Rock 'n Roll Baby!
          • Sep 2004
          • 22562
          #3
          Wow, that's some great news I wish the other banks do that too!

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            Comment

            • Argos88
              So Fucking Banned
              • Sep 2009
              • 1732
              #4
              amazing..

              but.. only available for US accounts, right?

              .

                Comment

                • JustDaveXxx
                  I AM JUSTDAVE !
                  • Feb 2005
                  • 4111
                  #5
                  That will be standard for every bank and every smartphone with a camera with in the next year.

                  Technology is jumping leaps and bounds everyday.


                  Smut Peddler Productions.com
                  ICQ #378-696-435 / / Skype: JustDaveXxx
                  "We shoot custom, exclusive content your way"

                    Comment

                    • core_dump
                      Confirmed User
                      • Feb 2005
                      • 102
                      #6
                      Very handy, but I have to ask:

                      Is there some reason one needs a toy camera to do this? Why can you not upload an image to PayPal's site? Seems people (companies) lately are trying way too hard to find uses for things which otherwise serve little purpose.

                      Dropping a stack of checks onto a scanner would be nice, yeah?

                        Comment

                        • JFK
                          FUBAR the ORIGINATOR
                          • Jan 2002
                          • 67369
                          #7
                          Fucking A , great feature

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                            Comment

                            • SmokeyTheBear
                              ►SouthOfHeaven
                              • Jun 2004
                              • 28609
                              #8
                              Originally posted by core_dump
                              Very handy, but I have to ask:

                              Is there some reason one needs a toy camera to do this? Why can you not upload an image to PayPal's site? Seems people (companies) lately are trying way too hard to find uses for things which otherwise serve little purpose.

                              Dropping a stack of checks onto a scanner would be nice, yeah?
                              theres no cross-promotion going on doing it that way silly.
                              hatisblack at yahoo.com

                                Comment

                                • scouser
                                  marketer.
                                  • Aug 2006
                                  • 2280
                                  #9
                                  Originally posted by Jarmusch
                                  Interesting, I wonder if checks in USD can be deposited to PayPal accounts outside the US
                                  ^^ this... i kind of doubt it though

                                    Comment

                                    • Horny Dude
                                      Earn enough to buy coffee
                                      • May 2002
                                      • 4913
                                      #10
                                      Originally posted by beta-tester
                                      Wow, that's some great news I wish the other banks do that too!
                                      I know Chase does. Seen them advertising it all the time.

                                        Comment

                                        • Hentaikid
                                          Confirmed User
                                          • Nov 2002
                                          • 1250
                                          #11
                                          This would come in handy as long as it's not tied to stupid iphones

                                            Comment

                                            • gmr324
                                              Confirmed User
                                              • Aug 2006
                                              • 1199
                                              #12
                                              very cool time saving feature

                                                Comment

                                                • scuba steve
                                                  Confirmed User
                                                  • Oct 2008
                                                  • 1888
                                                  #13
                                                  Originally posted by Horny Dude
                                                  I know Chase does. Seen them advertising it all the time.
                                                  they do, works great. i use it all the time. i haven't been to a bank in literally 6 months

                                                    Comment

                                                    • seeandsee
                                                      Check SIG!
                                                      • Mar 2006
                                                      • 50945
                                                      #14
                                                      jesus, they are 100 yrs a head europe
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                                                        Comment

                                                        • CIVMatt
                                                          Amateur Pimpin
                                                          • Aug 2004
                                                          • 13075
                                                          #15
                                                          And paypal is going to take HOW much %?! Fuck that I'd rather do the same thing with chase bank and keep my money
                                                          Make easy money with Webcams

                                                            Comment

                                                            • Wizzo
                                                              2011 GFY Hall of Fame!
                                                              • Nov 2000
                                                              • 15224
                                                              #16
                                                              Chase has had that for awhile now.
                                                              Looking for Opportunity!

                                                                Comment

                                                                • sexdatesj
                                                                  Confirmed User
                                                                  • Jun 2009
                                                                  • 1078
                                                                  #17
                                                                  thats crazy, but i like it
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                                                                    Comment

                                                                    • Lonny
                                                                      Confirmed User
                                                                      • Jun 2003
                                                                      • 3539
                                                                      #18
                                                                      Chase also allows you to deposit cash and checks in to the ATM now with no deposit slips or talking with anyone at the teller. Im usually in and out within 5 minuets or less

                                                                        Comment

                                                                        • ottopottomouse
                                                                          She is ugly, bad luck.
                                                                          • Jan 2010
                                                                          • 13177
                                                                          #19
                                                                          Originally posted by Jarmusch
                                                                          Interesting, I wonder if checks in USD can be deposited to PayPal accounts outside the US
                                                                          Wondering this too.

                                                                          God knows what the fees will be though.
                                                                          ↑ see post ↑
                                                                          13101

                                                                            Comment

                                                                            • Probono
                                                                              Confirmed User
                                                                              • Oct 2002
                                                                              • 2731
                                                                              #20
                                                                              Chase provides the same service now. You can make a deposit from anyplace in the world, instantly. I do it.

                                                                                Comment

                                                                                • Vendzilla
                                                                                  Biker Gnome
                                                                                  • Mar 2004
                                                                                  • 23200
                                                                                  #21
                                                                                  I figured it came with the new atm's at Chase that I think rock, they can even read a hand written check sometimes
                                                                                  Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
                                                                                  think about that

                                                                                    Comment

                                                                                    • Stephen
                                                                                      Consigliere
                                                                                      • Feb 2003
                                                                                      • 1771
                                                                                      #22
                                                                                      It's cool technology. I just shipped one of my cars cross-country. Truck driver wanted a cashiers check on delivery. I give it to him, he snaps pic with iPhone, moment later, his balance reflects the desposit. I was impressed.

                                                                                      As a side note, iPhone can also be used as a virtual terminal with your own merchant acct. -- a serious billing tool for some apps.

                                                                                        Comment

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