Bots? Idle new accounts are probably deleted after a number of days. Password? A reset/creation link can be sent to your email the next time you try to login. Payment? That's only important if you're going to use the software -- it can be handled when appropriate.
Unless your service has some major expense or limited resource associated with account setup (ex. assigning the user a new phone number), I would love to see more signups like this. The lack of friction made me feel so happy as a customer and I instantly had a positive impression of the service because it already felt like it was adding value by making my life easier. I wouldn't be surprised if this also has a positive impact on their conversion rate.