This offering is the latest example of how PayPal’s partnerships with traditional financial institutions and payment card companies are paying off. It first partnered with JPMorgan Chase in 2017, and the companies have looked beyond just broadening acceptance of PayPal with Chase merchants to enable new kinds of services for both cardholders and retailers.
As PayPal delivers the Instant Transfer to bank capability to businesses, it will provide greater flexibility to merchants, including online marketplace sellers, that use PayPal to get paid by their customers. Businesses will have cash on hand more quickly to satisfy whatever needs they may have, which can be especially critical for the smallest businesses.
