Paypal Reveals P2P Payment Service

Paypal Reveals P2P Payment Service

PayPal just launched a new peer-to-peer payment service called PayPal.me. It’s your own personal URL for people to send you money. You can grab your personal link right now. While PayPal is still a leader in online and mobile payments, they have seen their market share decrease quickly with companies like Square and Venmo coming in to take their share. This service is much like Venmo’s social money transfer app or Square’s new app, Square Cash. Perhaps some of you even send money via Snapchat?

Where this app sets itself apart is that you get your own personal URL to refer people to for payment. You can even customize the amount you wish to receive by adding the amount to the directory after the top level domain (e.g. https://www.paypal.me/kylesford/25), which requests $25 from the user. I took it one step further and created my own URL from my personal domain by setting a URL redirect. http://KyleSFord.com/paypal

Perhaps Paypal is just responding to Square’s encroachment on their market share. Maybe they too are sick of the awkward runaround that arises from trying to track people down to pay you back for something. Either way, if it makes it easier for me to get my money from friends and clients, I’m all about it. Don’t forget to grab your personal URL on the PayPal.me website before someone else nabs it. You’ll need to already have a PayPal account or create one for free to use this service, however. Check out the service in action here.

The service is available today in the US, UK, Germany, Australia, Canada, Russia, Turkey, France, Italy, Spain, Poland, Sweden, Belgium, Norway, Denmark, Netherlands, Switzerland and Austria.

[Via The Next Web]

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10 Comments

Richard Johnson's picture

Good to know! Here is my link incase anyone wants to send me some money. https://www.paypal.me/spectaclephoto

Kyle Ford's picture

Lol, why do you think I included mine ;)

Mac MacDonald's picture

THIS IS AWESOME! Thanks for the heads-up! I was able to grab a super easy, short, URL that will greatly help my clients pay me. So rad!

michael buehrle's picture

so what's pay pals cut ?

Kyle Ford's picture

If you’ve set up your PayPal.Me link as a “Friends & Family,” it’s completely free for you to receive money from people in your same country.
If you have a PayPal Business account – or you have Friends & Family selected, but the person paying you back opts for PayPal Purchase Protection – the payment is a “Goods and Services” payment. That means you’ll pay the standard PayPal fee (2.9% + $0.30).

Kaj Sennelöv's picture

Good to know! Now nobody can take my name anymore.
Thanks, Kyle!

Lee Morris's picture

/rlmorrisphoto. Feel free to send me money for "science"

Kyle Ford's picture

The only thing you're getting for, "science" is more junk pics.

Chris Adval's picture

just a simple url really? Why not say this, a super reduced rate for paypal to paypal transfers than paypal to/from bank/credit cards? They save money we should save money too. I'm not sure what is the current rates for this as I left paypal years ago for square but I may use it when I'm working with other paypal users to save some kind of cash from the rates.

Andreas Jung's picture

Oh, das sind gute Neuigkeiten! Für viele Spieler ist diese Methode viel praktischer. Tatsächlich stellen viele Casinoseiten bereits auf solche Zahlungen um, zum Beispiel https://online-roulett.at/casino-bonus-ohne-einzahlung/. Unter den Zahlungssystemen gibt es eine große Auswahl, und ich bin mir sicher, dass Apple Pay in Zukunft verfügbar sein wird. Das Wichtigste ist, eine Vertrauensressource für das Spielen zu finden