Metal News

I see I can type in a friend's phone number, type in an amount/reason for the payment, and the Pay button lights up. What happens if I hit Pay? Will they be able to access the cash without giving away all their security info? What if they never sign up? Where does the money then sit?

3 roommates, 1 person collects through venmo usually and then writes the check. This is how we've done it in previous months. However, we tried to do it through the Metal App this past month.

Everything worked as expected through the app. The only issue was that my roommate did not receive the funds into his bank account quick enough after withdrawing from the Metal Pay app.

He was forced to transfer from his savings to cover the rent because it did not show up in his bank account as quickly as it would if using Venmo.

Is there a goal of making the withdrawal process quicker? Why is it 5-7 days? Is it 1-2 days after withdrawing once, because the first time there is more risk than the following attempts?

Just trying to understand the short term goals here. Would love to continue using Metal Pay for things like this, but it is not logistical for time sensitive transfers if things can't clear in about 1 day.

Would love to hear back from someone on the team so I can understand whether this will be different in the near future, or if this is something much more down the road.

Cheers,