I want to know who is making money off of Zelle transactions.

I want to know who is making money off of Zelle transactions. how zelle makes money! about why software companies are becoming banks and i talked about zell in that video and somebody asked how does zell make money as somebody who works in this industry i wanted to explain it a little bit more for you so zelle is owned by a company that is owned by seven banks and zelle is just one of the several products that that company builds and so they charge banks a fee for using their software and that's maybe why you bank at a tiny credit union and they don't offer zell they just probably don't have the budget and it doesn't play out for their economics well that aside banks love zel and that's why zel makes money and they love zel because the money technically never leaves their account you're probably like what do you mean it never leaves their account deposits are a very important asset for banks they take the money that you put in and they lend it out to other people and they make interest off of that because of the payment rail that zell uses the money goes from bank to bank which means that until you spend it or you cash it out it's always available on that bank's balance sheet as money that they can then lend out to other people completing the cycle it's a win for zell because they get a fee for selling their software it's a win for the banks because their capital is relatively stable and it's a win for you and i we don't get charged for sending money to each other hopefully this helps