How Long Does Splitwise Pay Take?
Splitwise Pay is a feature that allows users to settle up directly within the app using third-party payment services like Venmo or PayPal. However, the actual transfer time depends on the method used.
How Long Does Splitwise Pay Take?
1. Venmo (U.S. Only)
- If you choose Venmo to settle up, the transaction is usually instant.
- If you need to transfer Venmo funds to your bank, it takes:
- Instant Transfer: A few minutes (with a small fee).
- Standard Transfer: 1–3 business days (free).
2. PayPal (Global)
- PayPal transfers within Splitwise are usually instant.
- If transferring from PayPal to your bank, it takes:
- Instant Transfer: A few minutes (with a fee).
- Standard Transfer: 1–3 business days (free).
3. Wise (For International Transfers)
- If you use Wise (formerly TransferWise) to settle up, transfers take a few minutes to a few days, depending on the country and bank.
- Most international transfers with Wise complete in 24 hours.
4. Bank Transfers (Manual)
- If you manually transfer money via a bank, the timing depends on the bank’s processing speed:
- Domestic Transfers (SEPA, ACH, UPI, etc.): 1–3 business days.
- International Transfers (SWIFT, Wire, etc.): 3–5 business days.
Bottom Line
- Venmo & PayPal payments are instant (but bank withdrawals take time).
- Wise transfers are usually within 24 hours.
- Bank transfers depend on the banking system and may take several days.
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