Purchases that qualify you for stock are detected on linked credit or debit cards. Once detected, Bumped calculates the total amount of stock needed for all customers, and purchases enough stock to meet that need. Additionally stock doesn’t arrive in your account immediately after you make a transaction.
After Bumped purchases your stock, there’s a settlement period that will take a few days. You’ll be able to see the status of your pending activity in the Home screen in the app.
It’s possible (and probable) that the price of the stock will change during the settlement period, which can change the value of your fractional share. For example, let’s say you made a transaction that resulted in you getting $1 worth of stock in Totally Made Up Company and that equated to 0.15 shares of stock. If the stock price increased by 2% during the settlement period, your 0.15 shares of stock could actually be worth $1.02. If the stock price decreased by 2%, it could be worth $0.98 after settlement. The value you’ll see in your account will be representative of the fluctuation during settlement—but either way, you’d have 0.15 shares of stock in Totally Made Up Company..