I don't know if anyone is aware of the new feature paypal has that you can now accept checks (to your business name) by taking a picture of the check image on your iphone. I did this last week where a client of mine sent me some checks to my business and I wanted to keep the funds in my paypal account instead of my bank account. Just heads up!!
This is a nice feature from Paypal. But as per personal experience, deposit your cheque in the bank rather than keeping the money in Paypal.
I would not take a picture image of anyone's personal financial information via iPhone or any other mobile device to send into to PayPal. I already foresee this method leading to some major identity thief issues if the business owner is not trustworthy.
That's really cool, but I would be kind of nervous doing this. I feel like they might put in the wrong number on accident or something, maybe just me being paranoid but still, makes me nervous.