FreshBooks announced that it will be able to turn around payments within 24 hours for U.S.-based customers that have a Chase bank account. 

FreshBooks Payments will be able to reduce the turnaround time for customers using Chase to same-day payments, subject to daily bank cutoff times, in comparison to the usual 2-5 day turnaround time, according to the company. For customers not using Chase, payments will be available as soon as the next day.  

"Being paid so quickly is a game changer for small businesses," Mike McDerment, CEO of FreshBooks, told Mobile Payments Today via email. "It means more confidence when planning and scaling their business, and less worry about simple things like hitting payroll during more uncertain times."

FreshBooks Payments is powered by WePay, the integrated payments business from Chase. The service works with American Express, Visa, Mastercard and other credit card platforms as well as ACH. 

Cover image: FreshBooks