[gcbw3]

What's the alternative? leave facebook do exactly it instead of the government?

You speak like the free-for-all tax tools didn't work for you. Do you rather the US model? where you have to pay $100~300 every year for exactly the same tools from a single private company that has a de facto monopoly because of close ties to the government?

Also, in the US, a transfer from your checking account (where you get your paycheck) to your credit card account (where credit card purchases show up) to pay up your monthly credit card bill, in the same bank, same client, you literally see both on the same screen on your internet bank, takes two to FIVE business day. Let that sink in when talking about US banking being archaic.

[jkaplowitz]

The Canadian model of Interac e-Transfer works pretty nicely, and is (at worst) cheap or (increasingly) free depending on the exact bank accounts involved: https://en.wikipedia.org/wiki/Interac_e-Transfer it's pretty widely supported within Canada, both among banks and among real use cases like paying rent or moving companies as well as peer-to-peer reimbursements.

Transfer time for Interac e-Transfer ranges from instant to hours, in practice.

[tinus_hn]

Similarly the Dutch iDEAL. I don’t really understand why this has to be country specific and the only international standard is US credit cards

[haolez]

> What's the alternative? leave facebook do exactly it instead of the government?

Not only Facebook, but any company that wishes to offer this service. Private monopolies are usually the result of government policies. In Brazil, all monopolies are like that.

[lykr0n]

> takes two to FIVE business day

That's only the case if the credit card services are powered by a 3rd party.

Chase, Wells Fargo, USBank, BECU, Alliant CU, BBVA, Citi, M&T, and others are all instant if you're paying from an account at that bank.

[A4ET8a8uTh0]

I think OP is talking about movement between banks. External transfer ( basically ACH ) between my banks is on average 5 days now. Last time I challenged them on this they used blanket 'fraud protection' as an excuse. When I started depositing cash as a way to deal with it, I got odd looks asking if the money is from my online business.

I dislike banking lately. And I used to be that annoying guy who goes into branch to do some transactions.

Point is, it really shouldn't take that long ( and I know for a fact it doean't ) to settle.