Live Updates: COVID-19 Cases
  • World 19,711,816
    World
    Confirmed: 19,711,816
    Active: 6,330,870
    Recovered: 12,653,598
    Death: 727,348
  • USA 5,121,555
    USA
    Confirmed: 5,121,555
    Active: 2,336,813
    Recovered: 2,620,156
    Death: 164,586
  • Brazil 2,988,796
    Brazil
    Confirmed: 2,988,796
    Active: 820,162
    Recovered: 2,068,394
    Death: 100,240
  • India 2,152,020
    India
    Confirmed: 2,152,020
    Active: 628,763
    Recovered: 1,479,804
    Death: 43,453
  • Russia 882,347
    Russia
    Confirmed: 882,347
    Active: 177,286
    Recovered: 690,207
    Death: 14,854
  • South Africa 553,188
    South Africa
    Confirmed: 553,188
    Active: 138,410
    Recovered: 404,568
    Death: 10,210
  • Mexico 469,407
    Mexico
    Confirmed: 469,407
    Active: 104,710
    Recovered: 313,386
    Death: 51,311
  • Peru 463,875
    Peru
    Confirmed: 463,875
    Active: 128,894
    Recovered: 314,332
    Death: 20,649
  • Chile 371,023
    Chile
    Confirmed: 371,023
    Active: 16,879
    Recovered: 344,133
    Death: 10,011
  • Spain 361,442
    Spain
    Confirmed: 361,442
    Active: 332,939
    Recovered: ?
    Death: 28,503
  • Iran 324,692
    Iran
    Confirmed: 324,692
    Active: 24,306
    Recovered: 282,122
    Death: 18,264
  • UK 309,763
    UK
    Confirmed: 309,763
    Active: 263,197
    Recovered: ?
    Death: 46,566
  • Saudi Arabia 287,262
    Saudi Arabia
    Confirmed: 287,262
    Active: 33,692
    Recovered: 250,440
    Death: 3,130
  • Pakistan 283,487
    Pakistan
    Confirmed: 283,487
    Active: 17,815
    Recovered: 259,604
    Death: 6,068
  • Bangladesh 255,113
    Bangladesh
    Confirmed: 255,113
    Active: 105,144
    Recovered: 146,604
    Death: 3,365
  • Italy 250,103
    Italy
    Confirmed: 250,103
    Active: 12,953
    Recovered: 201,947
    Death: 35,203
  • Turkey 239,622
    Turkey
    Confirmed: 239,622
    Active: 11,137
    Recovered: 222,656
    Death: 5,829
  • Germany 216,692
    Germany
    Confirmed: 216,692
    Active: 10,033
    Recovered: 197,400
    Death: 9,259
  • France 197,921
    France
    Confirmed: 197,921
    Active: 84,761
    Recovered: 82,836
    Death: 30,324
  • Canada 119,197
    Canada
    Confirmed: 119,197
    Active: 6,679
    Recovered: 103,542
    Death: 8,976
  • China 84,596
    China
    Confirmed: 84,596
    Active: 839
    Recovered: 79,123
    Death: 4,634
  • Netherlands 57,987
    Netherlands
    Confirmed: 57,987
    Active: 51,830
    Recovered: ?
    Death: 6,157
  • Australia 20,698
    Australia
    Confirmed: 20,698
    Active: 9,100
    Recovered: 11,320
    Death: 278
  • S. Korea 14,562
    S. Korea
    Confirmed: 14,562
    Active: 629
    Recovered: 13,629
    Death: 304
  • New Zealand 1,569
    New Zealand
    Confirmed: 1,569
    Active: 23
    Recovered: 1,524
    Death: 22

PayPal is rolling out an Instant Transfer feature in the US

Author at TechGenyz Apps
PayPal Instant Transfer Feature

PayPal is enhancing some of its features which are accessible from mobile and desktop to instantly move money that they receive via the service into their bank accounts. The Instant Transfer feature is being rolled out to US consumers now, with businesses to get access in the coming weeks and international expansion set for the near future.

Bill Ready, PayPal’s EVP and COO, said in an interview that the company is working on how to extend it to other countries where banks and others are getting their ducks in a line to compete with it. Instant transfers to a bank account are coming to PayPal by way of a partnership in the U.S. it has with JPMorgan Chase, which has access to the real-time payments network built by The Clearing House, a platform established by the major banks to work on creating faster payment networks.

In that vein, transferring money out of PayPal has actually been a significant area of development for the company in recent years to better compete with the likes of Square and Stripe. Last year, it launched “Funds Now,” aimed at sellers that wanted to instantly access money from transactions without waiting the days it would usually take for a payment to properly clear and get deposited into their account. This was, however, mainly aimed at sellers on the platform.

However, it’s worth noting that PayPal Instant Transfer comes with a 1% per transaction fee capped at $10. Of course, taxes are subject to change.

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