The internet is abuzz over the launch this morning of PayPal Mobile. But, before you start texting PAYPAL (729725) with numbers and dollars, you first need to go to the PayPal Mobile web site. There, you can confirm your mobile phone number, create a mobile PIN, and read instructions on how to send money.
To send someone money once you have activated PayPal Mobile, send a text message to 729725 with the phone number and then the dollar amount (for example “send 5 to 8882114727”). You can also call 1-8004PAYPAL to avoid text messaging fees.