instant payment

Money transferred now

Instant payment is the immediate electronic transfer of funds between accounts, completing within seconds rather than the traditional one-to-three-day processing window.

Banks and payment apps advertise instant payment as a feature: The app offers instant payment so you don't have to wait for funds to clear.

Also called real-time payment.

Related

Zelle · cash app · PayPal · tap · contactless · swipe · wire · mobile · digital · wallet · bank account · direct deposit · transaction · funds · seamless · quick · fast · immediate

Categories
Opposites
timing/speed

instant paymentdeferred payment

Buying before paying

batch processing · wire transfer · check payment · bank draft

payment structure

instant paymentpayment plan

Arranged installment schedule

layaway · buy now pay later · financing · credit · loan

automation/scheduling

instant paymentscheduled payment

Payment due at predetermined time

standing order · automatic payment · recurring payment · direct debit · autopay

Family

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Familiarity
Top 200,000
Profile
Known to kids · Used worldwide · Timeless · Everyday, not technical · Rated G