article thumbnail

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

Stax

From $0-$15 for internal wire transfers and up to $35-$50 for external international wire transfer Security measures More secure since every ACH transfer goes through a clearinghouse network governed by NACHA More prone to scams and fraud. In some cases, you’ll also have to include the type of account (whether saving or checking).

article thumbnail

Make Electronic Payments Simpler: All you need to know

Nanonets

Credit cards may encourage impulsive and unnecessary purchases They may charge high-interest rates for balances not paid in full by the due date Fees and fines may be charged for late payments Bank Transfers Bank transfer is the movement of funds from one bank account to another using recipient data like account number, bank routing number etc.  While