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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. While they’re both electronic modes of payment, they have stark contrasts when it comes to their processes.

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ACH SEC Codes

Payment Savvy

Below, you will find all the information you might need about ACH transactions, in which those codes are used, as well as what they are, and share with you some real life examples. . ACH Transactions – What To Know. When it comes to an ACH transaction, there are two main participants.