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?
- The recipient receives payment from the sender via a Digital Check that shows up in their email inbox.
- The recipient selects the “Instant Pay” option.
- The recipient inputs their Debit Card information.
- 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.
How to Accept Payments Without a Bank Account?
Not everyone has a bank account but this should not hinder them from collecting their funds. There are many secure ways available to such individuals as well.
What Are ACH Payments?
ACH payments can be confusing. You might have heard they can save your business with payment processing fees, but not sure how. We are going to cover what ach payments are, ach payments processing, and if ach payments are safe.
How Do Marketplaces Work?
Online marketplaces provide easy platforms where consumers can seek specific products or services. These products and services are offered through third-party vendors, purchased by remote customers, and transacted through the online marketplace provider.