PayPal Lets You Deposit Cheques by Taking Pictures

PayPal just updated their Android app in the Google Market which brings it up to par with its iPhone equivalent.  If you have a US PayPal account, you are now able to deposit cheques directly into your account by taking a snapshot of the cheque from your phone.  While it may save you a trip to the bank, you are still going to face the same 5-6 business day waiting period before you have access to you funds.

It's a great service for those who use PayPal as their primary bank account and allows businesses to accept personal cheques for online purchases.  There is a $1,000 limit per day and a $3,000 limit per month, but hopefully, you're not seeing too many cheques coming your way anymore.

A few other updates came alongside this new feature, including support to move the app to your SD card (if you need the space,) and the ability to search your current location for local businesses that accept PayPal payments.  This is in addition to the core app features of sending or transferring money to other people or accounts directly from your phone, "bumping" contact information to others, and checking your account balances.

If you use PayPal regularly, it's the perfect dashboard to keep track of your financial information.

Download PayPal Mobile from the Android Market.

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