Gone are the days of owning your friends a few bucks for that cheese burger. With the introduction of Bump Pay, friends can now pay each other easily and quickly. After selecting how much money to send, both users hold their phones out in one hand and touch their knuckles together, hence the name “bump”. Money is instantly deducted from one user’s paypal account and appears in the other users paypal account. There are no fees for using the service as long as you have your bank account tied up to your paypal account.