Stax

MARCH 27, 2025

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. In 2024, it processed 1.2 No cash or checks needed.

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wire 88

Stax

SEPTEMBER 24, 2024

billion in merchant processing fees. Settling these costs from your profits can be a huge setback for any business owner. It’s meant to incentivize customers to pay using cash and reduce the costs associated with accepting electronic payment methods. In 2023, card brands in the U.S. earned approximately $135.75

Credit Cards 88

Credit Cards Electronic Fund Transfer Act (EFTA) Push-to-Card Debit Card 88

Stax

NOVEMBER 11, 2024

ACH payments are more straightforward than how credit card processing works, both on the consumer-facing and business end. These transactions usually process within one to three business days and are most commonly used for payments such as direct deposits for payroll, recurring bill payments, and B2B invoice payments.

ACH 88

ACH Checks Identity Theft Payments 88