Webull (Nasdaq: Bull), an electronic investment platform, announced its partnership with Visa on the Webull US platform today.
Visa Direct facilitates the financing of accounts as well as the movement of funds directly on eligible cards, bank accounts and wallets.
By integrating with Visa Direct, webull users in the United States can quickly transfer money between their webull brokerage account and external bank accounts.
Collaboration with Visa Direct allows webull to apply a “deposit” feature, which allows for quick access to the market and enables users to seize investment opportunities. While the automated clearing home (ACH) and other common money movement methods can take several days, Visa Direct gives users access to their funds in less than a minute.
“Webull is always committed to improving access to financial tools and services,” said Anthony Denier, president of the Webull American Group and Managing Director. “We are proud to work with Visa and the extensive network to enhance opportunities in financial markets. There are several exciting uses for this new capacity that will allow us to integrate technology into traditional financial services in ways that best serve its customers.”
“We live in a world with expectations of immediacy and convenience, but when it comes to moving money, very often the process of transferring capital between accounts is more difficult than it should be,” said Yanilsa Gonzalez-More, SVP, North America, Visa Direct. “With Visa Direct, webull can give their customers the speed, flexibility and protection they want with real -time payments[1]and deliver a simple, digitized experience to safely manage their funds so that they can invest and market with certainty. ”