This system offers quick and easy operations on mobile devices. It can help your business approach foreign markets, build public trust, and raise conversion rates.
WHAT IS P2P?
P2P (peer-to-peer) is a payment system that allows users to move money between bank accounts. It offers global coverage and ease of use, which helps merchants attract a large audience. Customers can link their bank accounts to the mobile application, choose a contact, and make a transfer straight through the platform.
The P2P payment gateway can stay compliant with legal regulations and easily adapt to any changes in the financial ecosystem. It can be quickly integrated into the business platform through PayAdmit.
P2P features
WHERE TO USE
P2P?
P2P payments are widely used at brick-and-mortar retail outlets, hotels, service providers, and other locations. They are also common in online marketplaces that need to handle secure transactions between buyers and sellers. This type of mobile banking is available in 100+ countries, supporting many national currencies worldwide.
KEY FEATURES OF
P2P
Global market presence. Helps merchants expand the audience across 100+ countries.
Cost-effectiveness. Charges low service fees, unlike classic banking methods.
High security. Protects personal data through data encryption and strict authentication.
Straightforward fund transfer. Make transfers in real time, enabling instant access to funds.
FREQUENTLY ASKED QUESTIONS
Why should your business use P2P?
Is it safe to transfer funds using P2P?
Yes, it is safe to make these money transfers due to advanced encryption and authentication. The P2P payment gateway also complies with legal regulations to ensure safe operations.
Which countries and currencies are covered by the P2P payment gateway?
P2P is available in 100+ countries. It also accepts multiple currencies, including CNY, USD, PKR, BDT, UAH, KES, ARS, SAR, AED, KWD, and others.
How much time do you need to integrate P2P through PayAdmit?
It may take up to 3 days to install the system within your business platform through PayAdmit.
Can P2P be used along with other providers through PayAdmit?
Yes, PayAdmit can help your business integrate the peer-to-peer system along with other payment methods.
How does P2P handle refunds and chargebacks?
The system usually does not support traditional chargebacks. Once a transaction is authorized, it’s usually final. Refunds must be handled manually between the buyer and the merchant. Transactions can be disputed within 60 days, depending on the initial agreement.