Paypal has announced its own peer-to-peer payment system called Paypal.me. Using this service, you will be able to request people to send money to you.
The way it works is that you generate a link from your Paypal.me account that you can give out to people that might owe you some money. The recipient of this link can then pay you the amount of money that you are owed.
So what kind of use cases are there for this kind of thing? Well, let’s say you are going out to the restaurant with friends and you forgot to pay your share of the bill. Your friend can then send you a link and you can then pay them using said link.
Another example you might come across is going to the shop to buy something with your friend and you agree to go halves on the cost of the item. You simply generate the link from your Paypal.me account and then they will use that link to pay you back.
Paypal.me is currently available to 16 countries including the UK, US, Germany, France, Spain and 13 other countries right now. More information about Paypal.me can be found on their FAQ page. You can access paypal.me on your desktop or laptop computer, tablet or smartphone.
On the face of it, Paypal.me sounds like something that will be quite easy to use (even though you will need a Paypal account). With that being said, there are already a few peer-to-peer payment services including Android Pay and Square Cash. So, it would be interesting to see what Paypal.me can bring to the table. Most important of all it would be good to see if Paypal.me will become more of a success due to being a well established name in the payments space.
Would you use Paypal.me? Let me know!