Paypal Launches New Bot for P2P Payments

Posted February 7th 2017


via VentureBeat

PayPal today launched its first bot for users of team messaging app Slack. The bot lets people send peer-to-peer (P2P) payments with the shortcode /paypal and a user’s Slack handle. Watch those keystrokes though: $10,000 can be sent in a single transaction, a PayPal spokesperson told VentureBeat in an email.

PayPal bot is now available to Slack users in the United States, United Kingdom, Australia, and Canada, the payments company announced in a blog post.

This is PayPal’s first bot but not its first venture into the emerging chatbot ecosystem. Last November, PayPal joined Square Cash and Venmo to allow P2P payments with Siri. Weeks earlier, PayPal and Stripe joined a Facebook Messenger beta program to accept payments through the platform.

Slack currently has five million daily active users and 1.5 million paying subscribers, up from 4 million and 1.25 million last October, and is quickly becoming a hub for automation, with more than 900 bots in its directory. With apps that streamline everything from managing expenses, to doing time sheets, or executing financial transactions, there’s no shortage of demand or supply of conversational interfaces that allow the user to get things done quickly and easily without ever having to leave their messaging thread.