VoPay has recently expanded its services to include support for PayPal and Venmo payouts, facilitating real-time fund transfers to digital wallets in North America.

This enhancement bolsters VoPay’s existing payment infrastructure, providing more payout options for various platforms that cater to diverse user preferences. According to VoPay officials, this update addresses the increasing demand for faster and more flexible financial tools across sectors like gig work, lending, insurance, and online marketplaces, where quick transfers are critical for maintaining high levels of engagement.

Details on New Payout Methods

Via VoPay’s platform, businesses can now initiate PayPal payouts in both Canada and the United States, as well as Venmo payments within the U.S. These transfers can be targeted to recipients using their email addresses, phone numbers, or wallet identifiers, with immediate delivery.

The new methods are accessible through either the VoPay API or its online interface, which come equipped with reporting and reconciliation tools for better financial oversight.

VoPay representatives highlighted that offering multiple payout options reduces the likelihood of failed transactions and decreases reprocessing costs. They also noted that providing instant access to familiar wallets like PayPal and Venmo could help minimize customer service inquiries.

Incorporating PayPal’s broad global user base and Venmo’s popularity in the U.S., VoPay aims to expand its reach while ensuring compliance and reporting remain streamlined within a consistent framework.

For current VoPay clients, enabling PayPal and Venmo payouts requires no additional development work. Teams that already use API integrations can easily incorporate these new methods into their existing configurations. VoPay views the integration of digital wallet payouts as a signpost towards standardization across various industries.