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What is ACH Credit and ACH Debit and How Do They Work?

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Each payment option offers distinct advantages for different types of transactions, making it easier for businesses to meet specific operational needs and customer preferences. Many businesses prefer ACH credit payments for paying suppliers or vendors, especially when the amounts vary or when the payments are made irregularly.

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ACH Payment vs Wire Transfer Similarities and Differences: How to Choose Between ACH vs Wire

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ACH transfers can either be direct deposits (ACH credit transactions) or direct payments (ACH debit transactions). A typical ACH transaction is like a machine with multiple moving cogs. Wire transfers are credit transactions where the sender sends money to the recipient.

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How to Manage Recurring ACH Payments in QuickBooks

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Direct deposit: The variety of ACH payment we’re most familiar with, direct deposit refers to businesses, employers, and government entities offering ACH payments to recipients for payroll, government entitlements and benefits, and even tax refunds. What are Recurring ACH Payments?

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