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PayPal has an official iPhone App to send and receive money from other PayPal users for free within USA and by paying a small fee for users outside USA.
The latest feature added to this app is the feature to transfer money between two iPhones by bumping them to each other. This small video demonstration will show you how easy and convenient it is to send and receive money via PayPal on an iPhone.
I have been using this app for months and the app is really useful. The official iPhone PayPal app is free on the Appstore and woks on iPhone without requiring any Jailbreak.
I have just updated my PayPal App to the latest version 2.0 on 16 March 2010. Below are the screenshots of the App on my iPhone 3Gs:
You have to login again if you have updated to new version from old. If you don’t have a PayPal account, you can create one at PayPal Homepage.
The PayPal App for iPhone allows you to :
- Send Money via PayPal from iPhone
- Receive Money via PayPal from iPhone
- See your PayPal account Activity on iPhone
- Bump two iPhones to Send Receive Money via PayPal from iPhone
- Split Checks via PayPal
- Collect Money via PayPal
- Set Reminders on PayPal
Below are some screenshots of the same.





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