By using PayPal’s platform and technology, Bancorp will enable its partners to provide electronic P2P payments to their customers. In addition to P2P payments, Bancorp will provide its partners with PayPal’s instant account creation and account funding. PayPal’s instant account creation is a new way to open a PayPal account directly from the Bancorp. Account funding with PayPal will allow Bancorp customers to apply their PayPal funding sources to their new Bancorp accounts.
The Bancorp Bank offers a suite of payments services to the prepaid card industry and activates throughout the US.
In April 2012, PayPal has launched a new platform which provides small businesses with various options when it comes to how they accept payments from their customers, dubbed Paypal Payments.
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