PayPal has launched PayPal Links, a feature that allows users to send or request money through a personalized, one-time link shareable via text, DM, or email. This development, part of the broader PayPal World platform, aims to simplify digital payments and expand PayPal's ecosystem by integrating cryptocurrencies and enhancing user engagement.
PayPal Links enables sending money via one-time, shareable links.
Available in the U.S. now, with UK and Italy rollout later this month.
Integrates Bitcoin, Ethereum, and PYUSD for P2P crypto transactions.
Links expire after 10 days, with options to remind or cancel.
Venmo and PayPal personal transfers remain exempt from 1099-K reporting.
Drives 10% year-over-year growth in consumer payment volume.
PayPal Links revolutionizes peer-to-peer payments by allowing users to create unique, one-time links within the PayPal app. These links can be shared in any conversation, such as text messages or emails, making transactions as simple as sending a message. This feature ensures payments are secure and directed to the intended recipient, with the ability to add notes for clarity.
Currently available to U.S. users, PayPal Links will expand to markets like the UK and Italy later this month. The feature will soon integrate cryptocurrencies, including Bitcoin, Ethereum, and PayPal USD (PYUSD), into the P2P payment flow. This allows seamless transfers to PayPal, Venmo, and other digital wallets supporting crypto, enhancing flexibility for users worldwide.
PayPal Links offers a streamlined process: users generate a link, share it, and recipients complete the transaction within the PayPal app. Funds are instantly accessible via a PayPal Balance account. Unclaimed links expire after 10 days, with options to send reminders or cancel, ensuring control over payment activity. This user-centric design aligns with PayPal’s 25-year legacy of innovative financial solutions.
PayPal’s focus on improving P2P experiences has led to a 10% year-over-year increase in consumer total payment volume in Q2, with Venmo achieving its highest growth in three years. PayPal Links, combined with the PayPal World platform, enhances interoperability across billions of digital wallets, positioning PayPal for continued momentum in global digital payments.
PayPal Links marks a significant step in making digital payments more accessible and integrated into everyday conversations. By combining ease of use, global reach, and cryptocurrency support, PayPal continues to lead the evolution of peer-to-peer transactions, ensuring personal payments remain simple, secure, and seamless.
PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit https://www.paypal.com, https://about.pypl.com/ and https://investor.pypl.com/.
PayPal USD is issued by Paxos Trust Company, LLC, a fully chartered limited purpose trust company. Paxos is licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services. Reserves for PayPal USD are fully backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents, and PayPal USD can be bought or sold through PayPal and Venmo at a rate of $1.00 per PayPal USD.
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