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

Payment Savvy

The main types of EFT include banking, mobile banking (such as Venmo, Stripe, and Paypal), digital wire transfers, and transferring between bank accounts. Using your debit card to buy groceries or withdraw cash from an ATM is technically an EFT in the broader sense. Platforms Used. What Is an EFT Payment?

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Make Electronic Payments Simpler: All you need to know

Nanonets

Efficiency: ePayment systems do not require waiting in long queues in ATMs and banks to withdraw cash or deposit checks.     Nanonets online OCR & OCR API have many interesting use cases t hat could optimize your business performance, save costs and boost growth. Schedule a Demo