eBay subsidiary PayPal is testing software at a handful of undisclosed Home Depot locations that allows customers to bypass credit cards and competitors like Google Wallet by using just their phone number and a PIN at the checkout. Last Friday's announcement by eBay disclosed that the trial software has been installed at five undisclosed Home Depot stores. The software allows shoppers to spend from their PayPal balances by typing in a phone number and PIN — no card or app required. PayPal's edge over other mobile payment competitors is that many of its 103 million active users carry a balance in their PayPal accounts, accrued from selling items on eBay auctions or receiving person-to-person payments. Since PayPal isn't designed to be a long-term savings account, that money is waiting for an excuse to be spent.
Home Depot trials, including one in San Jose, where PayPal is based, are currently just a "friends and family" test, but will inevitably evolve into a national rollout. A small number of PayPal employees are in the five Home Depot stores to help show customers how to make payments by typing their cell phone numbers and their PayPal PIN codes, according to PayPal.
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