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ACH vs. EFT Payments: What’s the Difference?

Payment Savvy

They pretty much break down into ACH payments and ACH transfers, both encompassed within the ACH network. An ACH payment is a digitally processed transfer between various banks, which at some stage will go through a dedicated center set up to process this specific type of payment.

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

Stax

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 Is an Electronic Check?

Payment Savvy

With an electronic check, money is electronically transferred from the payer’s checking account to the seller’s checking account, where it is directly deposited after passing through the national ACH network. Bank account details. Bank routing number. Payment confirmation. Years in business. Payment amount.

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