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

Stax

As a business owner, you engage in many daily transactions, from receiving customer payments to paying your bills and suppliers. Generally speaking, ACH payments are best suited for routine, smaller transactions, whereas wire transfers are preferred for urgent, high-value transfers.

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Taking The Y2K Fear Factor Out Of Same Day ACH

PYMNTS

Phase One of the Same Day ACH rollout that made credit transfers a reality was completed last year. Phase Two, which will allow debit transactions on the same day, is planned for September 2017. The third phase, which will usher in faster ACH credit funds availability, is on track to occur in March 2018.