Gumtree launches PayPal peer-to-peer payments
Buying and selling on Gumtree is about to get a whole lot easier.
Gumtree is toasting its 10th birthday in Australia with a complete rebrand and contemporary redesign. As well as a snazzy new look, Gumtree has also expanded its payment options with cash and peer-to-peer payments with PayPal.
On top of the convenience of not having to fill out your card details, the PayPal P2P functionality also offers Gumtree customers extra security perks. Thanks to Buyer Protection cover, you could get your money back if a product you’ve purchased isn’t delivered or if it arrives in bad condition. PayPal has been busy buddying up with big brands this month and just last week it also announced its new payment partnership with iTunes.
This news from Gumtree also comes a few days following the launch of PayPal Australia’s new P2P mobile app. Not only will this come in handy when paying for purchases on Gumtree, but it will also eliminate some of those awkward conversations when chasing up money from your mates.
According to a recent PayPal study, Aussie millennials spend up to $400 a year shouting their friends coffee and 84% of them feel awkward when asking for paybacks.
“The socially-accepted ‘I’ll shout you the next one’ mentality has created a generation in hock to their buddies, so we want to kick-start the payback process and show Aussie millennials just how easy it can be to pay back their mates using the PayPal App,” said PayPal shopping expert Emily Curlewis.
From the same research, PayPal also found that 60% of millennials have made excuses for not paying their friends back, whether it’s from not having cash (29%) to simply forgetting (28%) to not being able to find an ATM (10%). However, the new PayPal app aims to cut back these excuses by making it easier to pay back your friends in real time.
If avoiding awkward confrontations isn’t incentive enough, PayPal is transferring $3.05 (or the cost of a coffee) to 3,000 millennial PayPal users in Australia to encourage them to use the new app to pay back a friend or colleague for their next coffee.
Both initiatives from Gumtree and PayPal show that big businesses are catching on to the reality that payments are becoming more and more digital by the day. See our complete list of online stores that accept PayPal to find out where you can make secure online payments.