The “Big Five” Canadian banks offer credit cards and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Did you know that there are many other options?
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TORONTO – It’s long been promised that technology will kill the old-fashioned wallet and consumers won’t need to carry cash or credit cards to buy a coffee, eat out and go shopping.
PayPal Canada has taken a little step toward that high-tech future, starting in Toronto.
Its mobile app, available for Apple and Google Android devices, now allows users to pay for purchases at more than 50 eateries and cafes.
Previously available in other countries, the app asks the user to check-in as they arrive at a restaurant or coffee shop — which sends their PayPal account information to the business owner — and once that’s done, they can put away their device.
After asking for the bill, their meal or drink is automatically paid for and a receipt is sent by email. The bill can be paid with the user’s PayPal balance or with a registered credit card or bank account.
While PayPal has been in Canada for 10 years and has 5.5 million users here, they acknowledge there are many consumers who still aren’t familiar with the payments company, which was acquired by eBay in 2002…
PayPal Canada has taken a little step toward that high-tech future, starting in Toronto.
Its mobile app, available for Apple and Google Android devices, now allows users to pay for purchases at more than 50 eateries and cafes.
Previously available in other countries, the app asks the user to check-in as they arrive at a restaurant or coffee shop — which sends their PayPal account information to the business owner — and once that’s done, they can put away their device.
After asking for the bill, their meal or drink is automatically paid for and a receipt is sent by email. The bill can be paid with the user’s PayPal balance or with a registered credit card or bank account.
While PayPal has been in Canada for 10 years and has 5.5 million users here, they acknowledge there are many consumers who still aren’t familiar with the payments company, which was acquired by eBay in 2002…
