JPMorgan Chase: Introduces same-day deposits for merchants

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JPMorgan Chase: Introduces same-day deposits for merchants

JPMorgan Chase: Introduces same-day deposits for merchants

  • When JPMorgan Chase is taking on Stripe and Square by offering same-day deposits
  • JPMorgan Chase bought Silicon Valley-based WePay in 2017 to help its small business clients
  • The new same-day deposit option, which comes at no additional cost, promises to give merchants faster funding
  • The move sees JPMorgan Chase use its position as a bank to gain an edge over rivals
  • While other payment providers charge as much as 1% for faster funding