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What is an EFT Payment? Everything to Know About This Method of Payment

Stax

This can include peer-to-peer payments, and business-to-business (B2B) or business-to-customer (B2C) transactions. EFT payments are transactions between the sender and receiver that transfer funds electronically from the sender’s bank account to the receiver’s. There are several EFT payment types that we’ll discuss in this post.