It´s available here in Germany and I feared that fees would apply for every transaction but learning from the FAQ, when transferring money between friends&#x2F;family this is actually free. Given, that in Germany, transactions between banks are free too, the whole cycle of shifting money should be also free for Paypal (omitting costs for running the service of course).
I am looking forward to trying it out, it might be much nicer than giving someone the IBAN and letting him handle the transaction via the bank.