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Isn't this 7-day hold just an internal Stripe policy though? The new faster transfers are just the normal ACH speed.

You're correct -- Stripe self-imposed the seven-day delay early in its development.

While we may have chosen the seven-day delay, there are still a number of real challenges in moving to a faster transfer schedule. For example, we need to make sure funds are received from our banking partners in time to transfer them to our users.

(I work at Stripe)

I don't see why Square can start the ball rolling the next day but you need anything near 7 days delay. I figured it was just a way to make more money.

The standard ACH process however just seems slow. Maybe I've been playing with Crytocurrency too much, but it seems in the era of sub-millisecond stock trading... we should be able to figure out how to move $100 one account to another in 5 minutes or so...

Yeah, it's pretty terrible in an e-commerce context. Get a payment, wait seven days to see if it actually gets settled. The only auth you can do up front is that the numbers look correct.

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