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How to Choose Between EFT vs ACH: A Comprehensive Guide

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TL;DR: Electronic Funds Transfer (EFT) is the umbrella term for all electronic payments made between bank accounts. Automated Clearing House (ACH) is one type of EFT that processes payments in batches through the ACH Network. Thats Electronic Funds Transfer (EFT) in action. In 2024, it processed 1.2

ACH 88
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Merchant Credit Card Fee Guide 2024: How Much Does It Cost to Process Credit Cards?

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Credit card merchant fees are split between multiple key players- merchants, credit card networks, banks, and processors. Interchange fees are set by credit card issuers, such as Bank of America, Citi, or Chase, and are adjusted every year in April and October. to 2.9%) while the non-qualified is the highest.