What are the advantages of an instant payment?

The key advantage of instant payments is that the funds are available and accessible within 10 seconds. With a traditional outgoing transfer from Spuerkeess, it can take 1-2 business days for the funds to reach the beneficiary’s account. Instant payments are therefore useful when the beneficiary needs the funds to be credited to his account immediately.  

These types of situations might include:

• Home deliveries
• Markets, flea markets, etc.
• Last-minute bill payments
• Payment of bills that are too large to pay by credit card (car purchase, etc.)
• Peer-to-peer payments (bill splitting, peer-to-peer purchases, children’s pocket money, etc.)