Person-to-person or peer-to-peer (P2P) payments are becoming the norm, according to a Bank of America survey reported by Fox Business. PayPal is considered to be a P2P service where a business or consumer links a bank account, credit card, or debit card to a third party payer (e.g., PayPal). Other P2P options: Venmo and Zelle.payments are becoming the norm, according to a Bank of America survey reported by Fox Business. PayPal is considered to be a P2P service where a business or consumer links a bank account, credit card, or debit card to a third party payer (e.g., PayPal). Other P2P options: Venmo and Zelle.