"Does the merchant who accepts your chip n pin payment receive the funds in their account immediately after they accept your payment?" Yes they do. I also get

"Does the merchant who accepts your chip n pin payment receive the funds in their account immediately after they accept your payment?" Yes they do. I also get notified about a Chip n PIN transaction or an account to account transfer before I've turned around and walked off (I hear my phone beep). The advert is for onions ... OK for a mobile phone company.