When you pay your friend on Spot, the money will appear in their account instantly once you hit send.
EFT payments, however, can take anywhere from a few hours to 1-3 business days to reflect in the recipient's account.
At the moment, our platform doesn't support immediate EFT payments, but we're working on adding this feature. We'll keep you posted on any updates related to instant payments.
In the meantime, if you need to send money quickly, take advantage of the spot-to-spot payment option, which ensures immediate transactions.
Q: What are the benefits of sending cash to friends and family on Spot?
A: Sending cash to friends and family on Spot is convenient, quick, and secure. It allows you to easily transfer funds to your loved ones without the need for physical cash. Additionally, Spot notifies both parties about the transaction, ensuring transparency and peace of mind.
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