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ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?

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If you’ve been accepting and using electronic payments in your business, you’ve probably come across two of the most popular terms in the digital payments scene— automated clearing house (ACH) and wire transfer. Global ACH is available but only for bank-to-bank networks Wire transfers have no geographic limitations.

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What Does Return Mobile ACH Payment Mean?

Payment Savvy

If you are using the Automated Clearing House (ACH) method to process customers’ transactions, you are likely to see three-digit codes if a problem arises. What Are ACH returns? Automated Clearing House (ACH) payments are electronic payment processing carried out between two financial institutions (e.g.,

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ACH SEC Codes

Payment Savvy

Before diving deeper into SEC codes, let’s take a minute to better understand ACH transactions – if you’ve already worked with ACH transactions and have an idea about what is involved in them, you can skip this section and go straight to SEC codes. When it comes to an ACH transaction, there are two main participants.