Obopay.com - Send Cash Fast Via Your Mobile Phone

Obopay is like a mobile PayPalâ€"you can send and receive money via your cellular phone. So, if you happen to be short on cash, or if you just happened to forget your wallet one night, you can borrow from your pals and have the money sent to them immediately just by logging onto your Obopay account on your mobile. This way you needn´t ever carry cash. If someone owes you money you can have Obopay send them a text message with the cash request; once accepted you´ll get your money automatically. If a certain someone keeps sending you requests hoping that you might, on some off chance, accidentally press the accept button, you can have the number blocked. In order to use Obopay, you´ve got to sign up first; after that you can send/receive requests via text messages; or you can use your WAP enabled phone´s internet browser; or you can download the Obopay app to your phone. To add money to your account you can send a money order to Obopay, link the account to your bank, or use a credit/debit card. To withdraw money you can use your Obopay Mastercard (all accounts come with it) at any ATM; or you may have the funds transferred to you bank account; or you can request a check (there is a .10 cent fee, and it may take up to 7 business days to receive it). Requesting money is free, however receiving cash costs 10 cents per transaction. If you sign up now you´ll get $5 dollars, and for ever friend you invite you´ll earn another $5. You can now use Obopay to send money to your AIM contacts too.

“Obopay is the first truly comprehensive mobile payment service in the United States. That means we"re the only service that lets you instantly get, send and spend money anywhere, anytime with anyone. Plus, it comes with the added convenience of an Obopay Prepaid MasterCard®. Think about that for a minute. There are over 200 million cell phone users in the U.S. and more than 24 million MasterCard® acceptance locations worldwide including merchants and ATMs. Now, that"s a lot of people and places that are going to love Obopay.

As the savvy creators of Obopay have noted, just about everyone has a mobile, even if they don´t have any cash. Who leaves home without their phone? It´s become an indispensable leash; so linking phones with payments only makes sense. It´s great for splitting dinner bills, sending money to college kids, or paying friends back. It also cuts down on the never ending flack you´d usually get when you´ve borrowed money, because you can pay back debts immediately without having to find your wallet or loose change around the apartment.

How easy is it to accidentally send money? How secure are the transactions? The service only works if all your friends have it as well, will it catch on? How will it be marketed? How wise is it to be able to pay money through your phone, especially when you"re having a night out on the town?