What are Real Time Payments?
Posted by Checkbook on Jun 02, 2020
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
Landmark Class Action Distribution Utilized Digital Checks From Checkbook.io Saving Time And Cost
"We partnered with Checkbook as of April of this year. I'm pleased to say that with the Checkbook platform, the transition to Digital Checks has been easy, painless and fast," says Steve Weisbrot, Chief Innovation Officer at Angeion. "I simply can't imagine why any company in the business of sending hundreds of checks a month or more would not utilize this technology."
What are Small Business Payment Processors?
Payment processors facilitate the secure transfer of transaction data among merchants, banks, and customers, enabling the acceptance of debit and credit card payments. These services are essential for businesses, ensuring efficient processing and operational continuity.
The Exorbitant Costs of Sending Paper Checks
The total economic loss here is insane, especially just to transfer money from one person to another.