PayPal Launching Payment Service That is Person-to-Person will be the company’s answer to the new payment services of person-to-person.

The pioneer of payments online is looking to making it much easier to send as well as receive money from colleagues and friends in 18 different countries around the world.

On Tuesday, was launched which is a payment service that is person-to-person similar to others such as Square Cash, Venmo and other add-on services from Gmail and Facebook.

What makes original is it is centered on a unique and permanent site link, which makes a central location where money can be sent to pay.

The site is then linked to the PayPal account where the money is received from colleagues, family and friends. When you want to receive money from people for whatever reason you only need to send them your link for in a text, email, instant messenger or whatever, is straightforward. PayPal calls its new service a personal link to being paid.

The downside of this is that the person who is paying must have an account with PayPal as well to use this new service. They cannot have just any type of account with PayPal, however, they must have one that is in one of 18 countries that are compatible, which includes Canada, Austria, Australia, Belgium, France, Denmark, Italy, Germany, the U.S., Norway, Netherlands, Poland, Russia, Sweden, Span, Turkey, Switzerland and the UK.

PayPal already is setup with many ways to send money to your friends, such as Venmo, which is available only in the U.S., along with the regular transfer system of PayPal depending upon the country.

However, none is done with the ease they are done with on

Others such as Square Cash are easy as well. Square Cash is an email-based solution for anyone with a debit card from the U.S. Solutions offered by Gmail and Facebook are not that bad either.

Latest News

Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit