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Pageonce Adds Person-to-Person Mobile Payments
Need to pay your rent, tip the babysitter, or just reimburse a friend for dinner? You’ll now be able to do so with the Pageonce mobile app, a free tool that previously focused on personal finance, like bank account balances.
Pageonce today announced it is moving into the person-to-person payment space by adding new functionality into its existing mobile apps, like the Pageonce Android app and Pageonce iPhone app. The new functionality sounds extremely similar to the core feature of Bump, another mobile app that allows paperless payments between individuals, as well as PayPal, which, like Pageonce, also has small businesses in mind on the receiving end.
Here’s how making a direct payment to a small business or individual works. The payer enters the email address or mobile phone number of the recipient. The recipient gets an email or text message from Pageonce indicating she or he has funds to collect. Pageonce takes the recipient through a one-time registration process, and connects his or her bank account to the app so the money can be deposited into the account. The recipient does not have to become a Pageonce user.
One big differentiating factor with Pageonce, when compared to other payment apps like PayPal, is that you can view payments within the context of your entire personal finances. In other words, you can see immediately how much cash you will have left in your accounts once the payment clears, and whatever other upcoming bills you have to pay.
“We want to make it easy for consumers to pay locally,” said Guy Goldstein, CEO at Pageonce, in a press release. “This is a huge opportunity to expand Pageonce into a new market that screams for digital innovation.”
As checks become obsolete forms of payment—who really wants to write or receive them anymore?—the mobile app market is ripe for filling in the gaps. Convenience and ease-of-use coupled with security will be the determining factors in that space in the days ahead.
Pageonce touts its service for being exceedingly simple, as the payee needs nothing more than the recipient’s email address or mobile phone number.
For more about the changing mobile payment landscape, see 7 Ways to Pay Using an iPhone.
For more from Jill Duffy, follow her on Twitter @jilleduffy.
By Jill Duffy, PCMag