Frequently Asked Questions

• Why should I use QuickPenny instead of Zelle?

  1. QuickPenny is cheaper than Zelle.

  2. QuickPenny has a wider network than Zelle.

  3. QuickPenny is more user friendly than Zelle.

  4. QuickPenny is a white label service provider.

• How can QuickPenny enable people at virtually every bank or credit union in the United States to send money to or receive money from my customers?

  QuickPenny partners with and leverages other APIs that plug into almost every bank and credit union in the United States.

• Will I need to include QuickPenny branding in my mobile or web application?

  No. QuickPenny is a white label peer-to-peer service provider.

• Is QuickPenny a bank?

  No, QuickPenny is not a bank. QuickPenny is a messenger API that communicates with banks and credit unions.

• How long does it take to receive money with QuickPenny?

  With QuickPenny, money travels just like it does for online bill payment or direct deposit, which normally takes a few days to process.

• Does QuickPenny work internationally?

  For now, QuickPenny is only available in the United States.

• Does QuickPenny work on the web and on mobile applications?

  Yes. QuickPenny works in mobile applications and in web applications if it is implemented that way.

• How do I get started?

  Email us at partners@quickpenny.com or fill out our online form.

  

• How does QuickPenny work?

  QuickPenny is an API that takes as inputs a name, a bank account number, a bank routing number and a dollar amount to send or receive. QuickPenny returns a URL address that your customer emails or texts whomever they are sending money to or requesting money from. The counterpart clicks the link, finds their bank, logs into their bank and confirms.

• Does QuickPenny enable my customers to send money to anybody they want?

  Yes. QuickPenny enables your customers to send money to virtually anybody with a United States checking account.

• Does QuickPenny enable my customers to receive money from anybody they want?

  Yes. QuickPenny enables your customers to receive money from virtually anybody with a United States checking account.

• Is there a limit to how much money can be sent with QuickPenny?

  QuickPenny does not set a limit on how much money can be sent, but you may want to do so as a precaution against fraud.