There’s a really interesting topic on the two options here:
A few of us (including @avb ) have been talking about how paying directly from pots when you use a virtual card might work.
It seems there are two options:
It works like the Bills Pot. Money comes out of the main account, and then a transfer is made immediately from the specified pot to cover the transaction. If you don’t have enough money in the pot, it’d be covered from the main account.
It comes directly out of the Pot. This would need a new feed for pots, and lots of behind the scenes a…
I was pushing for the “pay-back” option because I thought that it would be easier and quicker. Lots of interesting feedback from Monzo peeps on why it’s not, though:
I’ve been chatting with Adam about this this morning, it’s not quite so clear-cut:
Making them work like Bills Pots is tricky, because get less time to process a Mastercard payment than we do for a Direct Debit.
Taking money directly from the Pot is tricky, because we’d need to add a feed for pots, and a bunch of other things…
tl;dr Nothing is easy, everything is trade-offs
We actually had this same conversation this morning and it took me a second to remember why this doesn’t work
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