What are Real Time Payments?

Posted by Checkbook on Jun 02, 2020

RTP

Human beings are impatient creatures. We don’t like to wait and we get upset when we have to. Enter, real time payments.

Real time payments allow individuals and businesses to, with the push of a button, instantly make funds available for use.

Real time payments can change the game no matter who you are or what kind of business you operate. Daily wage workers, gig economy workers and other freelancers will never have to experience a delay in being paid again and this will attract more people to adopt freelancing as their preferred method of work.

Funds received in real time can not only be instantly pushed to the recipients Checking Account but can also sit in their Apple Wallet or Google Pay, thereby making this payment method all the more attractive in the business-to-consumers (B2C) space. Checkbook wants to help customers make and receive payments in as little time as possible, and that is one reason we offer Instant Pay and instant bank transfers at no extra cost.

Related Posts

Fraud Control at Checkbook

At Checkbook, besides sending money and digital checks, we full-on stop fraud. In fact, we boast one of the lowest levels of chargebacks and fraud incidences amongst our peers in the payment processing community by orders of magnitude!

What is the Difference Between Digital Checks and eChecks?

Digital Check and eCheck certainly sound similar, but the truth is, they couldn’t be more different.

What is a Virtual Credit Card (VCC)?

With a virtual credit card, you can create temporary extensions of a pre existing credit card.

Ready to get started?

Explore Checkbook, or create an account instantly and start sending payments. You can also contact us to design a custom package for your business.

icon
Always know what you pay

Integrated per-transaction pricing with no hidden fees.

icon
Start your integration

Get up and running with Checkbook in as little as 10 minutes.