How Does Zelle Make Money

How Does Zelle Make Money. Other than that, participating banks earn money if a customer pays a company for products or services. Whenever a user utilizes Zelle to make payments, participating banks on the platform earn revenue.

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Thirty major banks in the United States created Zelle and is a standalone app that users can download to their smartphones. However, Zelle currently does not earn revenue as it is focused on integrating with all banking apps and acquiring users. Like Zelle, Chime makes money by taking a fraction of the fee that card companies charge businesses when a Chime account holder makes a purchase.

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However, the company doesn't have an independent revenue stream right now.

How Does Zelle Make Money

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Zelle doesn't charge users for any of its services - it makes no money, at least for now. You can use Zelle to send, receive, or request money. As long as your bank has enrolled in Zelle, you should have no problem sending money to.

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