What is the GabPay App?
The new GabPay app is a Person to Person payment network in the Parallel Economy. GabPay users can participate in the Parallel Economy and complete financial transactions as well as offer commercial payment options using this service.
GabPay allows users to instantly transfer money from nearly any bank account in the United States to anyone or any business with a cell phone or email*.
Welcome to the Parallel Economy!
How Does it Work?
The app is simple in nature. Transfer funds from a bank account, hold a balance, send and spend with any other user, receive instantly, or cash the amount you have out to nearly any financial institution in the USA. Yes, we said instant. All transactions on the app are instant* and final, with no chargebacks!
What Does it Cost?
We know money is important to you. Signup is 100% free of charge. We add a small fee of 1.9% plus $0.15 when you transact. You help support the network and the new Parallel Economy. You can pay, choose to have the other party pay, or split it.
What About Outside the US?
Since we are in the United States, we began this project at home. We expect to expand into 140+ countries starting in early 2023, reaching several billion people and businesses. Will we bring this to your country? It will depend on each country's laws. Since this operates across the banking network, it will be up to the regulators where you live.
How Do I Signup?
Users in the U.S. can now register for free and begin processing transactions. You can deposit funds from your bank account and make payments, receive money, and withdraw with ease.
Merchants can accept payments without the fear of charge backs, indefinite holds, or reprisals for political beliefs.
If you are a business that needs to accept credit cards, Click Here for information on our Dedicated Merchant Accounts.
*Withdrawals to financial institutions are not instant, are subject to our standard schedule, and our underwriting guidelines.