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Person-To-Person Payment Transfer Technology

Person-to-person payment options are nothing new. Western Union has been around for more than a century, and there were probably money transfer services before that.

With the advent of Internet technology, however, the ability to send and receive money became faster and more secure. With a smartphone or mobile device, users can transfer money to anyone they want to — regardless of time or distance.

How do you improve one's ability to instantaneously send cash to the other side of the globe?

PayPal believes that it may have found a way:

The company has just debuted a new person-to-person money transfer option known as — a technology that allows users to create personalized payment URLs that can be shared with friends, family and clients.

Yet what makes this payment option unique? What are the key advantages of this new approach to money transfers?

What is a Peer-to-Peer transfer?

The Future of Person-To-Person Payment Options

As mentioned before, you can already send money to other individuals, with PayPal being one of the most recognizable names in the payment transfer industry. Though with this new upgrade, users benefit from a permanent URL that is specific to their banking account. Think of as a personalized invoicing service that doesn’t require users to generate unique statements for every transfer.

PayPal developed the underlying technology several years ago, and only recently decided to brand it as This decision was likely prompted by the introduction of rival offerings from Snapchat, Square, Google and Facebook.

Yet when it comes to peer-to-peer money transfers, PayPal enjoys a substantial advantage over everyone else. It benefits from an unrivaled pool of users who are already familiar with the larger PayPal ecosystem. In fact, nearly 75 percent of U.S. adults who send and receive payments use PayPal’s platform. Migrating users to should be relatively easy.

However, what advantages does one receive by adopting this newer peer-to-peer technology?

The Benefits of and Other Person-To-Person Transfers

Arguably the biggest selling point is convenience. Users can send their personalized payment URLs via messaging app, text or email — without necessarily accessing PayPal directly. 

This also means that one can send and receive money even when working on unsecured devices (like computer terminals at Internet cafés). Because there is no need to log in, you don’t have to enter personal details like usernames or passwords.

Cost is also a major benefit. is free when using U.S. bank accounts to send and receive money — and credit card transfers carry a low 2.9 percent fee.

The benefit to PayPal is that it can defend its territory from newer mobile payment options being offered by Google and Facebook.

What You Need to Know about Person-To-Person Payments

Like most other person-to-person payment solutions, is primarily targeted for the consumer market. However, as a business owner, this solution offers an affordable and convenient way to collect payments from customers. If you're tired of sitting to log in and create highly individualized invoices for each transaction, may be ideal for your business.

Read More about E-Commerce & Online Payments

Topics: Payment Technology, PCI Compliance and Fraud Prevention

Welcome to the BluePay Blog!

Whether you're a small business, an enterprise corporation, a financial institution, or a software partner, we have created a series of blog posts to help you and your customers, learn more about the complex nature of payments. Take a look to learn how payments can help to simplify your business operation, and may even help to grow your revenue.

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