New PayPal.me personal link helps people get paid back

PayPal launched the new PayPal.Me: your personal link to getting paid back. PayPal.Me removes the stress behind IOUs and makes collecting money from your friend, coworker or a group of people hassle-free. It is the future of collecting money for your kid’s soccer team or getting paid back for dinner with your friends.

A recent Money Habits Study reveals that nearly one in three Canadians have lost a friend or relationship over unpaid IOUs. On an average, Canadians are owed $462 (CAD), and globally people are owed over $51 billion (US) in unpaid small debts noted the study.

 

PayPal me simplifies the payment process by giving the payer an image link and they can enter the amount they want to pay in a small box. This is an easier way to request payment because small debts do add up.