Receiving money from a friend, client or anyone else on PayPal just got a little bit easier. Today, the company announced the launch of PayPal.Me, a personal, vanity PayPal link that makes it easy to remind people to send you money.
The idea behind the peer-to-payment service is to erase the awkwardness of getting repaid by someone. Instead of having to ask them, a user could just send his or her friend a PayPal.me link and the friend would be able to pay using their own PayPal account. It minimizes the need for conversation about something that could, theoretically, make someone uncomfortable.
PayPal.me has launched in 18 countries, including the United States, Great Britain, Germany, Australia, Canada, Russia, Turkey, France, Italy, Spain, Poland, Sweden, Belgium, Norway, Denmark, Netherlands, Austria and Switzerland. Payments between two users in the U.K. will be completely free. For U.S. customers, there are no transfer fees when funds are deducted from a bank account or existing PayPal balance.
According to PayPal, there are $51 billion in IOUs from friends and family due to the hassle in