4 ms·

Is this not possible currently in the US? That’s quite surprising!

• TulliusCicero 3y ago
  No, US bank to bank transfers/payments are quite slow, and not commonly used for small transactions. But there are a couple substitutes that are used: * Zelle is basically better bank transfers and is already supported by many (most?) US banks: https://en.wikipedia.org/wiki/Zelle_(payment_service) https://en.wikipedia.org/wiki/Zelle_(payment_service) * Random 'third party' money transfer services like Venmo, Cashapp, Paypal, etc. But similar to messaging in the US, the main issue is fragmentation. There's isn't quite a national consensus like some other countries have.
  • astrange 3y ago
    Debit cards can be used for instant payments and are used to eg pay Uber drivers. Or wire transfers. And Zelle is a bank to bank transfer network, not a third party service.
    • TulliusCicero 3y ago
      > And Zelle is a bank to bank transfer network, not a third party service. That's...what I said? Well, I guess I should've contrasted it better with the old, 'traditional' bank transfer payments.