The PayPal Co-founder, Mr. Max Levchin, recently announced a competitive business concern called Affirm. This will vie in the crowded but sudden prospering mobile payments concern. The technology in Affirm assists buyers in fill out online shopping instantly and easily by using smart phones and other mobile devices.
As all know, PayPal is owned by eBay Inc, it is leading company in online payments. Now the company is being questioned by a start-up hosts that focus on new goals and issues created by blast in the mobile commerce.
Affirm uses the Facebook for assurance of users' identification. For the first time users, the process joins third step in which log in to own facebook accounts and accept the Affirm application. The Technology is focusing on the mobile checkout process online in which it joins typing in lots of info. Such as card number and address by using a type pad.
Users of Affirm can pay off using credit card, physical checks or bank transactions. In this term PayPal is not included ad method. Users can pay for their buys with in thirty days as affirm said, comparing the service to a charge card. In which, a small fee charged by participating merchants. PayPal imposed security on it; its service is not very user friendly as users view. It has left chance to the new competitors to develop more consumer focused payment services.