"Move over, Zelle. Watch out, CashApp. PayPal has unveiled a new type of peer-to-peer payment method that promises to be easier and simpler than other options. On Monday, the online payment service unveiled PayPal Links, a new way for individuals to send and receive money without incurring fees or tax forms. The new option is now available in the US to start and will expand to the UK, Italy, and other countries later in September."
"Whether you want to pay someone or request payment, PayPal Links lets you generate a personalized, one-time link that you can share via a text, direct message, or email. To do that, just launch the PayPal app for or , select the PayPal link option, add the amount you want to pay or request, and then copy the link into your message or other conversation. You can also add a note or even an emoji."
PayPal Links lets users create personalized one-time links to send or request set payment amounts via text, direct message, or email. Both payer and payee must have PayPal accounts; recipients without accounts are prompted to create one through the PayPal app or website. Each link is private, single-use, and expires after 10 days; unclaimed links can be cancelled or a reminder sent before expiry. Links support notes and emoji and provide immediate access to funds for receivers. The feature launches first in the US and will expand to the UK, Italy, and additional countries later in September. PayPal is also adding cryptocurrency as a payment method.
Read at ZDNET
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