It's not too difficult to make the case that PayPal has already played a large role in the modern resurgence of electric vehicles. After all, Elon Musk – now the CEO of Tesla Motors – made a nice chunk of coin selling the online payment service to eBay before coming to the EV company. Turns out, the circle is coming 'round again with General Electric's announcement that its EV chargers will soon accept PayPal.
The deal means drivers will be able to use GE's WattStation Connect mobile app (get it for iPhone here; no word on an Android version) to connect to PayPal when charging thanks to this mouthful of a product: the "ecomagination™-approved WattStation™ and WattStation™ Connect, a complete electric vehicle (EV) charging platform solution." The short version is that GE's free app will show nearby WattStations, their statuses and prices as well as allow you to pay for the charge from your PayPal account. The app identifies which charger you're at using a QR code you point your iPhone's camera at. Some of this functionality is also available at the new WattStation website.
Scott Dunlap, vice president of emerging opportunities at PayPal (yes, "emerging opportunities" needs a VP), said in a statement that making EV charging easy is important. "Simplicity and convenience are key to mass adoption of any new technology, something we know well at PayPal," he said.
For now, PayPal the only method of payment available through the WattStation. Ashley Kusowski, communications leader for GE Energy Industrial Solutions, told AutoblogGreen that:
While you're out and about paying with what can feel like virtual money, GE is also in favor of you earning money from your EV infrastructure at home. By opening up your charger to the masses – again, through WattStation Connect – you can have strangers fill up their batteries from your outlet. Payments, naturally, are delivered via PayPal. What, no Bitcoin?
We are also working on RFID payment cards which will be out shortly. Users also have the option to speak to an operator over the phone to take regular credit card payment.
Based on research GE has conducted, the target market for EVs is very tech savvy and often uses mobile apps. GE has created an end-to-end solution that provides an easy and convenient payment option using the mobile app and PayPal.
- Agreement Allows EV Drivers to Securely and Conveniently Pay for Charging Fees through the WattStation Connect Mobile App
- Mobile App Now Available at Apple iTunes Store®
The agreement between Industrial Solutions and PayPal enables drivers to securely and conveniently pay for charging fees through the WattStation Connect mobile app and PayPal. With the app, now available at the Apple iTunes Store®, users can locate the nearest WattStation EV charger; check the status of the charger; get pricing details and pay with PayPal.
Here's how it works - EV drivers use the app to scan the quick response (QR) code on the WattStation charger. The QR code will identify the WattStation and the pricing structure for that individual charger; drivers then simply pay for the charge via PayPal. In addition to the app, EV drivers can locate the nearest WattStation charging station on the recently launched website, www.gewattstation.com.
"Our full line of EV charging solutions is designed with the end user top of mind," said Michael Mahan, product general manager, EV infrastructure for GE Energy's Industrial Solutions business. "This collaborative agreement with PayPal enables us to offer EV drivers a convenient way to charge their vehicles, which is essential to nurturing the mass adoption of EVs in the future."
Industrial Solutions, a GE heritage business, is leading the future of electrification with advanced technologies that distribute electricity and protect and control a facility's electrical infrastructure. The business provide customers, across various industries, with end-to-end product and service solutions that ensure the reliability and protection of the electrical infrastructure; from the substation, throughout the facility and including all the sustainable power technologies in between. Industrial Solutions' product and service solutions add to GE Energy Management's broader portfolio of leading technology solutions for the delivery, management conversion and optimization of electrical power for customers across multiple energy intensive industries.
"Simplicity and convenience are key to mass adoption of any new technology, something we know well at PayPal," said Scott Dunlap, vice president of emerging opportunities at PayPal. "Together with GE Energy's Industrial Solutions business, we've made recharging your electric vehicle easier than filling a gas tank. We are pleased to be a part of this important initiative."
For more information on GE Energy's EV solutions, please visit its website, check it out on Facebook or follow on Twitter @GEindustrial.
Apple iTunes Store is a trademark of Apple Inc., registered in the U.S. and other countries.
PayPal is the faster, safer way to pay and get paid online. The service allows people to send money without sharing financial information, with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing. With 106 million active accounts in 190 markets and 25 currencies around the world, PayPal enables global ecommerce. PayPal is an eBay (Nasdaq:EBAY) company and is made up of three leading online payment services: the PayPal global payment service, the Payflow Gateway and Bill Me Later. More information about the company can be found at PayPal.com. PayPal is headquartered in San Jose, Calif., and its international headquarters is located in Singapore.
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
GE Energy works connecting people and ideas everywhere to create advanced technologies for powering a cleaner, more productive world. With more than 100,000 employees in over 100 countries, our diverse portfolio of product and service solutions and deep industry expertise help our customers solve their challenges locally. We serve the energy sector with technologies in such areas as natural gas, oil, coal and nuclear energy; wind, solar, biogas and water processing; energy management; and grid modernization. We also offer integrated solutions to serve energy- and water-intensive industries such as mining, metals, marine, petrochemical, food & beverage and unconventional fuels.
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