Real-Time Payment Support added
over 2 years ago by Matt Holden
Routable is excited to announce the launch of Real-Time Payment support, a new payment method available in the Routable API as well as the Routable Dashboard.
The Real-Time Payments (RTP) network is a payment processing platform that provides funds availability within seconds, 24/7/365.
While ACH and RTP are both types of account-to-account transfers, there are some important differences:
- Real-Time Payments are final and irrevocable. No settlement time is required, so your vendor receives their funds instantaneously.
- Real-Time Payments are available year-round, without being delayed due to weekends or banking holidays, and funds become available in almost real time.
Please see our help documentation to learn more about Real-Time Payments, how they are similar and different to ACH transfers, and how to use them in the Routable Dashboard. As always, contact your Customer Success Manager with any questions!