PayPal Mobile app just launched on Android Marketplace, as reported by MobileCrunch earlier today.
iPhone and BlackBerry users have been enjoying the convenience of the PayPal app since last year, which has a neat little feature called “Mobile Check Capture”. Snap a photo of both the front and the back of the check with your phone's camera, then watch as the amount on the check is automatically credited to your PayPal account. Voila! After 15 days, you can even shred that check, according to the press release announcing the iPhone app back in last October. The Mobile Check Capture function in the PayPal app is powered by BankServ, which incorporates Mitek Systems' patented, market-leading mobile Remote Deposit Capture (RDC) technology.
I can't wait till my bank incorporates this feature into its mobile app so I can have an alternative to rushing to a brick-and-mortar bank just to drop off a piece of paper and sign my name a couple of times.
Other functions include:
Save app onto a SD card to free up internal memory on your mobile device but initial reviews from users is that this is not functioning.
Find local businesses that accept PayPal payments.