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What Are Peer-to-Peer Payments?

3 min read
Last Updated: October 3, 2025

Key Takeaways

  1. Peer-to-peer payments (P2P payments) are one way to send and receive money quickly.
  2. P2P payment services, either on a website or mobile app, link the platform to your bank account, credit card, or debit card.
  3. P2P payment services can be free to use, but some types of transactions may have a fee.

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