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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.

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.

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Checkbook Payment Holdings, Inc.; NMLS ID #2535348

*Card is issued by Pathward® N.A., Member FDIC, pursuant to a license from Visa USA Inc. Everywhere Visa debit cards are accepted within the United States. No ATM or cash access. Terms and conditions may apply. Currently available only within the US and Canada.