PayPal launches service targeted at businesses

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Digital payment company PayPal has announced the launch of PayPal.Me for Business.

The company described the feature as a “simple, fast, and personal way for freelancers, casual and social sellers, and business-to-business sellers to request money from anyone across the globe with a PayPal account – and get paid with a few clicks”.

It said PayPal.Me supports the growth of social commerce globally, and supports one of PayPal’s core aims of offering secure and more convenient ways for people to send and manage money online.

With PayPal.Me for Business, independent retailers and merchants will no longer need to send a manual payment request or bank account number, the company said.

The merchants can set up their own user profiles associated with a personalised URL to receive international or cross-border commercial payments with their existing PayPal account, it said.

“The rise of e-commerce and increased penetration of mobile devices is transforming the face and form of retail, resulting in an increase in consumers making a purchase via a social media platform,” said Somwang Luangphaiboonsri, country lead for PayPal Thailand.

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