To make a long story short: Real-time payments help businesses by significantly cutting down on the time it takes to transfer money.
Instead of days, with real-time payments, businesses can transfer money in seconds.
Money is the lifeblood of the economy, and transactions - transferring money between two parties - are a critical part of that. With traditional banking, a transaction typically takes several days to "settle up," which tends to complicate knowing how much cash a business really has usable in the bank.
For instance, how long does a payment take to get credited to your bank after you deposit a check? The answer is typically anywhere between 3 and 5 business days. That's a huge gap spent waiting for hard-earned cash.
So, does a payment method with a faster turnaround help?
The answer to this is obvious: absolutely! Sellers get cash into their accounts faster. Buyers get to use products or services quicker as the payment is instant. Rapid payment systems help sweeten the deal for everyone.
The Real-Time Payment Solution
This is where Forwardly's real-time payments come in. Using real-time payments slashes the time it takes to transfer money between parties to only seconds, where previously, the same payment would have taken several days.
If you want to get started, don't wait. Sign up for Forwardly today and get started yourself.