Business Day Debit Card Electronic Fund Transfer Act (EFTA) 
Stax
MARCH 27, 2025
For businesses, a fast and seamless payment process means happy customersand the statistics show it. Digital wallets accounted for 50% of eCommerce purchases , while debit cards raked up 12% of total transactions last year. EFT comes in many forms that suit different business needs. No cash or checks needed.
Stax
JULY 9, 2024
Learn More Debit and credit card transactions Perhaps the most commonly known EFT payment type is credit and debit card transactions. Unless your business is intentionally cash-only, you’ll likely need to accept the major card brands such as Visa and MasterCard to stay in business.
Payment Savvy
NOVEMBER 9, 2022
An EFT payment isn’t just one type of payment – several different types of EFT payments come under the Electronic Fund’s Transfer umbrella. These can include using a credit or debit card, an electronic check, or an ACH (Automated Clearing House) transfer. History of EFT Payments.
EBizCharge
JUNE 3, 2024
The significance of EFT transfers lies in their ability to facilitate immediate access to funds on nearly any given business day. This immediate access is essential for both individuals and businesses to manage cash flows , make timely payments, and maintain financial stability.
Stax
NOVEMBER 11, 2024
Here, we’ll discuss the main differences between ACH and check payments and the business benefits of accepting this form of payment. They are an additional type of payment you can take along with debit card transactions and credit card payments from card networks like Mastercard, Visa, American Express, and Discover.
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