What are Real Time Payments?

Posted by Checkbook on Jun 02, 2020

RTP

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

To Avoid Fraud, Avoid the Paper-Trail

A paper-trail not only makes a business susceptible to human error, but is also difficult to store and filter through in times of need.

How COVID-19 Will Change the Future of Work

The pandemic of the 21st century has forced more than 20 million Americans out of work. Undoubtedly, the workforce will have to adapt to societal changes caused by this pandemic.

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.

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.

icon
Always know what you pay

Integrated per-transaction pricing with no hidden fees.

icon
Start your integration

Get up and running with Checkbook in as little as 10 minutes.