Slack has added a new PayPal feature to make money transferring easier and faster for teams. Team members can now move their money using just a simple command.
Slack users with a PayPal account can send or request money within the messaging platform with the help of the first ever PayPal bot. By simply typing, “/PayPal send $5 to @myFriend,” members of the team can send $5 or any amount to their co-workers anytime.
To activate the new service, PayPal bot which can be found on the Slack App Directory has to be installed first. Then, users need to set up the transaction settings according to their preference and link their PayPal account. The Slack administrator has to approve the bot before transactions can be made.
Watch the video below to know how the feature works.
The PayPal bot is only available to users located in the U.K., U.S., Australia and Canada. It might roll out to other areas in the near future considering the growing monthly active users of Slack. Person-to-person payments (P2P) solutions are expected to continue improving since more people are now making payments online using their mobile devices.
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