eBay Inc (EBAY): PayPal’s Payment Code Uses QR Codes To Make Purchases In Retail Stores

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eBay Inc (NASDAQ:EBAY) subsidiary PayPal has announced a new feature that is coming soon called Payment Code.  The Payment Code allows PayPal users to pay for products inside retail stores using their phones.  The payments are set up through the scanning of QR codes.  The QR codes are generated within the app. 

PayPal users can also use a one-time four digit code in stores that use PIN codes, but do not have a scanner.  PayPal users can use the feature by checking into a store using the PayPal app. 

From that point, the app will send them either a PIN or a QR code depending on the store that they are in.  This service will not be available until next year though.

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