What is Instant Pay?

What is Instant Pay?

Posted by Checkbook on Jun 03, 2020

Basic economics explains that having $100 now is more valuable than having $100 in two days from now. Besides inflation, this is because with two extra days of having that $100, you can invest and grow that money.

This, in part, explains why Instant Payments are so valuable. It is incredibly convenient to be able to instantly send and deposit money without extra fees for a variety of reasons.

But how do “Instant Payments” from Checkbook work?

  1. The recipient receives payment from the sender via a Digital Check that shows up in their email inbox.
  2. The recipient selects the “Instant Pay” option.
  3. The recipient inputs their Debit Card information.
  4. Funds are in their Checking Account in seconds!

It really is that easy. No fees, no waiting, no hassle. Great for businesses, individuals, families, and just about everyone.

Related Posts

What is a Digital Check?

Checkbook.io’s Digital Check takes the Paper Check of the past and digitizes it

Checkbook lets you email anyone a Digital Check and deposit it free

"If you’re sick of running out of paper checks and stamps or hassling with routing numbers to send zero-fee payments, you can bank on Checkbook.", says Josh Constine of TechCrunch

Castifi Leverages Checkbook to Solve Instant Payments for Thousands in the Film Industry

“Many of the cast and crew members that we work with can’t wait 2-3 weeks to get paid, which is currently the industry norm. Our users regularly tell us about the difficulties of managing everyday expenses and uncertainty around when they will get paid. Finding a solution like Checkbook.io has allowed our users to get paid within 1-2 business days which is a game changer for our core business,” says Castifi’s CEO Rum Sheikhani.

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