Essential App #4: PayPal

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paypal

Money makes the world go ’round, right? If that’s the case, then there’s no more essential app than PayPal; and here in the U.S., it’s really the closest thing we have to a virtual wallet — a concept other cultures (like Japan) have enjoyed for years.

If you have a PayPal account (you don’t? Really?) you can perform all the core functions via the app: sending and requesting money, transferring funds and checking your balance. About the only functions missing are those that relate to account settings.

And there’s also the cool bump-to-pay function that PayPal introduced a few months ago that transfers funds between two iPhones bumped together, similar to the way Bump transfers contact info between two iPhones.

But that’s not all — there’s a tool for splitting the check and calculating tip after eating, a bill-reminder and a function that lets you send out requests to collect money from a group.

Of course, it’s only useful to those with PayPal accounts — but the amount of people using the service is growing, and this app is just another reason for that growth to accelerate.

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