PayPal
Checkbook offers the ability to send payouts directly to recipients’ PayPal accounts, providing a convenient and widely used alternative to traditional bank transfers and mailed checks. This integration can streamline payments to individuals and businesses who prefer or primarily utilize the PayPal platform. Common use cases for PayPal payouts include:
Gig Economy Payments: Quickly paying freelancers, contractors, or gig workers who prefer receiving funds via PayPal
Affiliate Marketing Commissions: Efficiently distributing affiliate earnings to individuals with PayPal accounts
Research Study Incentives: Easily sending small payments to participants in online surveys or research studies
Limits
PayPal sets a per-transaction dollar limit at $60,000 per transaction. While this is the rail-level maximum, Checkbook limits still apply.
Details
When a PayPal payout is sent to the email or phone number associated with the PayPal account, the recipient will receive an email notification from PayPal and can also view the payment within their PayPal account:
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