This table summarizes the main differences between PayID and PayTo.
|Definition||PayID is an alias that links to a bank account.||PayTo is a payment agreement between a payer and a payee.|
|Use Case||One time payment||Recurring payment|
|Payment Address||Dynamically / Static Generated||Through a payment agreement|
|Ease of use||Users need to open their mobile or web banking application and make a payment to the generated PayID each time.||Users only need to set up the payment agreement once. After that, the merchants can initiate the payment on behalf of the users.|
|Popularity||Widely adopted||Relatively new|