Amazon Payments WebPay, Free P2P Money Transfer Service, to Shut Down in October

Personal Finance
You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. Here's how we make money.
shutterstock_198723596

Users of Amazon’s free WebPay peer-to-peer (P2P) payments system got some bad news recently – the service will shut down Oct. 13.

You can still make payments through it until that date, and recipients will have 30 days after that to collect any money sent to them before it will revert to the sender, Amazon said on its site. The Seattle company advised registered payments services users of the change in an annual notice distributed Sept. 10, according to postings on various websites.