Canadian PayPal users now have an easier way to send and receive money thanks to PayPal.Me, the company’s newly announced peer-to-peer money transfer service.
Announced today, the service allows users to create a personalized link that they can share with friends and family. Once created, the link can be sent through a variety of digital channels, including email, text message or social media. For recipients, all they need to do to complete the transfer is open the link, select an amount and hit send. For personal use, PayPal.Me is free, with no service fees when money is sent from a bank account or PayPal balance; PayPal takes a cut when customers use the service to buy and sell goods.
In addition to being available in Canada, the service can be used by PayPal users in 17 other countries, including the United States and United Kingdom, meaning that Canadians can use the service to send money to friends and family that are overseas.
PayPal isn’t the first service to offer peer-to-peer money transfer, but it is certainly the biggest name behind the trend. In the U.S., Venmo, which is owned by PayPal, has popularized the practice, and Canadian startup Payso performs a similar function. Unlike those apps, though, PayPal.Me is web-based, with a responsive web design perfect for iOS, Android, Windows Phone and BlackBerry 10.
This is the just one of two PayPal-related peer-to-peer payment services in the span of a few short weeks. On Monday, BlackBerry expanded the number of countries where BBM users could use the messaging service to send money via PayPal.