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You can get if the business offers it. Which they are just a loaning you their money while they wait for your money to settle in their bank account. If their w

You can get if the business offers it. Which they are just a loaning you their money while they wait for your money to settle in their bank account. If their was no demand, then why does PayPal, Square, and other FinTech companies make billions a year offer you to instant deposit money into your bank account lol. If the US banking system had instant settlement Venmo, Cash App and other apps wouldn't be in business because you could just send the money through your bank for free instead of using Mastercard or Visa.

JumpCrisscross 4y ago
> they are just a loaning you their money while they wait for your money to settle in their bank account Nope. No loans. You can demand physical settlement on stocks, end of day. Naked shorters (MMs) have to do this from time to time. It’s now more expensive because: idiots. Which suits Wall Street just fine. > why does PayPal, Square, and other FinTech companies make billions a year offer you to instant deposit money into your bank account They’re lending you money. No “lol” needed. (Am I misinterpreting this?) > other apps wouldn't be in business because you could just send the money through your bank for free instead of using Mastercard or Visa Trusted versus untrusted counterparty. I’m not wiring my hotel because I want AmEx behind me.
- impulser_ 4y ago
  You wouldn't be wiring your hotel. You would be wiring your hotel's bank.
  - JumpCrisscross 4y ago
    > You wouldn't be wiring your hotel. You would be wiring your hotel's bank. Sure. Yes. Fine. A worthless difference. But yet. I won’t wire my hotel’s bank. I will wire my lawyer or accountant. (Sorry, their banks.) Wires which process instantly and for free. But virtually irreversibly, and so at higher risk for me. (Also, AmEx gives me goodies. Same reason I don’t swipe my debit card.)
    - aaaaaaaaata 4y ago
      I'd wire or send them cryptocurrency of a small deposit — the same one they're putting on your credit card via a hold, if there's any issue.

JumpCrisscross 4y ago

> they are just a loaning you their money while they wait for your money to settle in their bank account Nope. No loans. You can demand physical settlement on stocks, end of day. Naked shorters (MMs) have to do this from time to time. It’s now more expensive because: idiots. Which suits Wall Street just fine. > why does PayPal, Square, and other FinTech companies make billions a year offer you to instant deposit money into your bank account They’re lending you money. No “lol” needed. (Am I misinterpreting this?) > other apps wouldn't be in business because you could just send the money through your bank for free instead of using Mastercard or Visa Trusted versus untrusted counterparty. I’m not wiring my hotel because I want AmEx behind me.

impulser_ 4y ago
You wouldn't be wiring your hotel. You would be wiring your hotel's bank.
- JumpCrisscross 4y ago
  > You wouldn't be wiring your hotel. You would be wiring your hotel's bank. Sure. Yes. Fine. A worthless difference. But yet. I won’t wire my hotel’s bank. I will wire my lawyer or accountant. (Sorry, their banks.) Wires which process instantly and for free. But virtually irreversibly, and so at higher risk for me. (Also, AmEx gives me goodies. Same reason I don’t swipe my debit card.)
  - aaaaaaaaata 4y ago
    I'd wire or send them cryptocurrency of a small deposit — the same one they're putting on your credit card via a hold, if there's any issue.