The latest development to the PayPal (NASDAQ: PYPL) mobile app will make it easier to send and request money. PayPal has become popular with consultants, freelancers and other small business operators as a quick and easy way to invoice clients and get paid online and a way for other small business owners who need those services to pay for them as well.
Updated PayPal App
According to PayPal, the new improvements to the app are focused on the customer experience. So when users want to send or request money, pay for a service, send a gift or buy something it will be much easier.
This means small businesses using PayPal will also be able to accept payments, pay their freelancers and more with fewer hassles. PayPal has more than 17 million businesses on its platform, and the vast majority of these are small business owners.
The platform has more than 244 million active accounts as of Q2 2018, reflecting an addition of 7.7 million net new active users for a growth of 18% year over year. With hundreds of millions of users around the world, small businesses can access this global customer base and make their products and services easy to purchase.
The New Improvements
The improvements have been made based on the features customers use most. When you open the PayPal mobile app you can now see your balance right away, get notifications and transfer funds from almost anywhere around the world.
Send and Receive Money with the Improved PayPal App
Customers can now add their photo to personalize their contact list, and, as an added security feature, users can be sure they are dealing with the right person when they see the image.
Other security features include advanced authentication tools with 24/7 fraud monitoring and instant account notification in the event of unauthorized access from a new location or device.
Availability
The improved PayPal mobile app is now available in select markets around the world on Android, including in Australia and Italy. And iOS users will have the new features available for them on their devices over the coming weeks, including in the US.
Theresa Todman, Managing Partner/CEO of B&M Financial Management Services, LLC . Theresa works with small business owners and entrepreneurs to assist them with financial management and creating organized systems and procedures. She specializes in bookkeeping, accounting, QuickBooks solutions, small business tax issues and consulting.
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