What is an Original Credit Transaction (OCT)?
An OCT is a transaction where funds are sent directly to your debit card. Most debit cards can typically receive OCT payments on the Visa and Mastercard networks. Some issuers do not support OCT. Please check with your card provider to ensure your card is eligible.
How quickly will I receive funds through an OCT?
Funds sent via OCT are usually available almost instantly, but in some cases, they may take up to three days. Slower transfers are the result of either the card network or the card issuer and are outside Sling Money’s control.
Are there any fees for withdrawing money through an OCT?
Sling Money may charge a fee for withdrawing money with an OCT. If a fee is applied, it will be clearly displayed on the Sling Money app’s confirmation page before you make the withdrawal.
Do you know if receiving an OCT payment is secure?
OCT payments are secure. They are processed through the Visa and Mastercard networks in essentially the same way as debit card purchases, with the same protections.