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Credit card settlements happen next business day, not after weeks. Venmo and PayPal transactions settle instantly. You can spend the money immediately. PayPal a
by dangrossman 5y ago
Credit card settlements happen next business day, not after weeks. Venmo and PayPal transactions settle instantly. You can spend the money immediately. PayPal also supports instant bank transfers, so you can transfer it out and withdraw it from an ATM as cash a minute later if you'd like.
- sodality2 5y agoThey are referring to cash settlement, not spending ability, I believe ("You realize that settlement takes weeks?"). The difference is nearly unnoticeable to the end user, whether or not the actual cash is moved, because they can still spend it.