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balanced / balanced.github.com

Balanced Blog
blog.balancedpayments.com
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Blog post explaining making Push to Card instant #105

Closed matin closed 10 years ago

matin commented 10 years ago

Answer the following questions:

  1. How does Balanced make transfers instant?
  2. What does "instant" mean?
  3. Why do instant transfers matter?
matin commented 10 years ago

How

Using ATM networks like NYCE, Pulse, STAR

Instant?

The money shows up in the bank account within seconds of initiating the transfer. It's instant during any time of day and any day. The money is fully available once deposited.

Why?

Marketplaces have grown to the point where the income people make makes a big impact on their lives. Receiving money faster and in a more convenient way encourages more people to sell.

KimlingLam commented 10 years ago

Straightforward and clear