Tosend money through the PayPal app, tap the $ icon and Pay. Enter the recipient's username, email address, or phone number. Choose whether you are sending funds to friends and family or paying Heres how: Click Send & Request at the top of the page. Select Pay for goods or services or Send money to friends or family. Enter the email address or mobile number of the recipient. Click Next. Review the payment method and amount. Click Change Payment Method to select PayPal Credit as your payment method. You can add an optional message 1 Log into your PayPal account . 2. On your Summary page, click the "Transfer Money" button just beneath your PayPal balance. You can also access this option via the "Wallet" menu in the top KeyTakeaways. • Peer-to-peer payment platforms are required to report business transactions to the IRS when they exceed the reporting threshold. • For 2022, if you receive more than $20,000 and 200 transactions for business payments on a P2P platform during the tax year, the platform is required to send Form 1099-K to you and the IRS. Oneadvantage is that PayPal allows the largest transactions of the bunch, tied with Apple Pay Cash and Google Pay. Using PayPal, you can transfer up to a hefty $10,000. Most people won't need qWdS.

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