Getting funds to small businesses faster is the goal at the heart of recent new offerings from leading payment facilitators.

On Tuesday, PayPal introduced Funds Now – its new feature enabling immediate access to funds for businesses “in good standing.”

“A common pain point we heard from small businesses was that across the payments industry, it’s too difficult and too slow to get access to the funds from their completed sales,” PayPal CCO Bill Ready said in a blog post announcing the feature.

“In the world of payments, funding delays of seven to 21 days for small businesses have been far too common. Those funding delays hinder the ability of small businesses to invest back into their businesses, pay their bills, and serve their customers.”

In a recent interview with PaymentFacilitator, GlobalOnePay’s Tedd Huff called faster funding the industry’s “next big thing,” as PFs in particular look to continue improving the merchant experience.

And as an article in TechCrunch points out, instant payouts are one of the benefits improving technology has brought to the experience of accepting payments. Better analytics, alongside the volume of data on payments companies’ platforms, are speeding up the behind-the-scenes process of fraud and risk mitigation that has historically delayed transaction funding.

On its web site, PayPal said sellers with more than six months of PayPal sales history, confirmed account information and what it calls a “strong” history of successful transactions are eligible for Funds Now. It has already enabled the service for more than 1 million of its businesses in the U.S., the U.K, and Australia, with plans to expand to other markets in the future, it said.

Also this week, Houston-based Paysafe launched Paysafe Accelerated Funding, which offers three funding options – Express (within a few hours), Same-Day, and Next-Day.

Paysafe also cited the delay in funding as being particularly detrimental to small businesses.

“Today’s business owners rely on their sales to help pay for their expenses and keep the lights on. Unfortunately, this reliance can make it difficult when it typically takes one to two business days to receive the money generated by sales,” Todd Linden, CEO, Payment Processing North America, Paysafe, said in the release.

“By leveraging the power of same-day funding technology, SMBs will be able to integrate seamless cash flow solutions into their day-to-day operations to disburse funds as required and focus on improving their everyday efficiency and profitability.”