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What is an EFT Payment? Everything to Know About This Method of Payment

Stax

Peer-to-peer payments Another popular payment method that started as a way of transferring funds between bank accounts on the consumer side is peer-to-peer (P2P) payments. P2P payments, such as Venmo, PayPal and the Cash App, are popular among consumers. EFT payments encompass all payment transactions conducted electronically.