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He has a PayPal account, so that’s how I’ll pay him today. Or to buff up PayPal. But to remind all of us that payment innovations are only as good as the certainty those innovations deliver to their intended users. The outcome, however, using PayPal , is more certain for both the sender and the receiver.
Then came PayPal’s debut of Instant Transfer to Bank. This new feature, available to PayPal customers in good standing, leverages the company’s partnership with Chase, and Chase’s connection to The Clearing House’s RTP network, to move money instantly into the bank accounts of consumers and SMBs. See First Data and Fiserv.
Speaking of online, uncertainty over shopping online is what gave birth to PayPal in 1998. PayPal created certainty by getting sellers paid while making sure buyers got their stuff, while keeping buyers’ bank accounts and payment credentials secure and private. For a small fee, they can get instant access to money sent via P2P rails.
The concept is both incredibly simple and incredibly intuitive: Offer customers 24/7 access to goodfunds on demand, however and wherever they want them. There are push-to-card services for challenger banks and payroll providers, as well as push-to-wallet options for PayPal, Square Cash, Apple Cash and others.
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