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]