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The Top Payment Methods For Small Businesses

Stax

An ACH transfer is an electronic movement of funds from one bank account to another via the ACH (automated clearing house) network, while a wire transfer uses a secure network like SWIFT (Society for Worldwide Interbank Financial Telecommunication) or Fedwire (Federal Reserve Wire Network) to initiate the movement of funds.

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ACH vs. Wire Transfers: Which Is Right for You?

Nanonets

The sender's bank transmits a message through a secure messaging service like SWIFT or Fedwire. The receiver bank then provides the funds to the receiver. ACH and Wire are both Electronic Fund Transfer methods. NACHA for ACH and government-run rails like FedWire & Swift for Wire.