PayPal has introduced PayPal Links, a new feature that allows users to send and receive money through personalized, one-time links. The links can be shared across messaging apps, emails, and chats to simplify peer-to-peer (P2P) transactions.
The new system also integrates cryptocurrency into PayPal’s P2P payment flow. U.S. users will soon be able to send Bitcoin, Ethereum, PayPal USD (PYUSD), and other supported cryptocurrencies directly through PayPal, Venmo, and a growing number of compatible digital wallets worldwide.
PayPal Links are available in the U.S. starting today, with international rollout beginning later this month in the UK, Italy, and other markets.
How PayPal Links work:
Friends-and-family transfers through PayPal and Venmo remain exempt from 1099-K reporting requirements, meaning users will not receive tax forms for gifts, reimbursements, or shared expenses.
PayPal USD (PYUSD), issued by Paxos Trust Company, is fully backed by U.S. dollar deposits, Treasuries, and similar cash equivalents. PYUSD maintains a 1:1 peg with the U.S. dollar and is available through PayPal and Venmo.
PayPal reported that its P2P services, including Venmo, saw a 10% year-over-year increase in total payment volume in the second quarter, with Venmo achieving its highest growth in three years.
The company operates in about 200 markets and continues to expand its offerings in digital payments, crypto integration, and global money movement.
The new system also integrates cryptocurrency into PayPal’s P2P payment flow. U.S. users will soon be able to send Bitcoin, Ethereum, PayPal USD (PYUSD), and other supported cryptocurrencies directly through PayPal, Venmo, and a growing number of compatible digital wallets worldwide.
PayPal Links are available in the U.S. starting today, with international rollout beginning later this month in the UK, Italy, and other markets.
How PayPal Links work:
- Users open the PayPal app, enter payment details, and generate a unique, one-time link.
- Each link is private, created for a specific transaction, and expires after 10 days if unclaimed.
- Links can be shared across text, direct messages, email, or chat.
- Recipients tap the link and complete the payment within the PayPal app.
- Funds are instantly available in the recipient’s PayPal Balance account once accepted.
Friends-and-family transfers through PayPal and Venmo remain exempt from 1099-K reporting requirements, meaning users will not receive tax forms for gifts, reimbursements, or shared expenses.
PayPal USD (PYUSD), issued by Paxos Trust Company, is fully backed by U.S. dollar deposits, Treasuries, and similar cash equivalents. PYUSD maintains a 1:1 peg with the U.S. dollar and is available through PayPal and Venmo.
PayPal reported that its P2P services, including Venmo, saw a 10% year-over-year increase in total payment volume in the second quarter, with Venmo achieving its highest growth in three years.
The company operates in about 200 markets and continues to expand its offerings in digital payments, crypto integration, and global money movement.