Beacons will allow you to pay for your morning latte or snacks with a tap on your Samsung device.
The quest to have the newest, thinnest, and smallest device will not be slowing down anytime soon. Keeping that in mind, PayPal is piloting a new payment option which would allow people to leave their bulky wallets and many credit cards at home, instead paying for items with their smartwatches.
PayPal’s corporate headquarters is located in San Jose, CA, and like many companies, it has a company cafe on the the grounds. Employing beacons, PayPal is using its workers and their Samsung smartwatches to test a new payment method for items purchased inside this cafe. When an employee gets within range of the Bon Appetit, their name and photo are forwarded to cash registers. This allows the cafe employees to greet people by their names, keep track of their favorite orders, and finally get customer names right (have you seen the Facebook page?).
When a potential customer comes in proximity of the shop, they get a push notification telling them they have checked in. At the same time, the cashiers receive the customers’ name and photo, which they use when inputting an order. Once the customer makes her order, she also receives a notification allowing her to verify it before taping the payment button. The cashier will then receive a notification saying that payment has been approved.
In addition to making purchases, the payment option also allows you to check balances, track activity, retrieve offers, and check-in to participating locations. Right now, PayPal beacon payments are only possible through Samsung Gear 2 devices, and only at the on-site cafe; but when the company launches the service to the public it is likely to be compatible with additional platforms and additional venues. For more information, see the video below.