Internal ledger, not bank transfer
Alice pays Bob → PayPal debits Alice's balance, credits Bob's. No bank transaction. Real-time. Free (for P2P).
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Internal ledger, not bank transfer
Alice pays Bob → PayPal debits Alice's balance, credits Bob's. No bank transaction. Real-time. Free (for P2P).
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Double-entry bookkeeping
Every P2P is atomic: debit A, credit B, in one transaction. ACID. Never lose or duplicate money.
Bank rails only at edges
Loading balance = ACH pull from bank (2-3 days). Withdrawing = ACH push. P2P in the middle is instant + free.
Risk in the millisecond
Every transfer scored: velocity, device, network, behavioral. High-risk → hold, verify, or reject.
KYC before large amounts
Small amounts: no ID needed. Above threshold: identity verified (KYC). Compliance driven by regional regulations.