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. Thats Electronic Funds Transfer (EFT) in action. No cash or checks needed.

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wires 88

Stax

APRIL 10, 2025

In contrast, debit card payments are withdrawn directly from the customers bank account and are mainly used by buyers who want to control their spending. Card payments are convenient, secure, and a major positive for your cash flow, with funds being deposited to your account within hours to a few days.

Small Business 88

Small Business Wire Transfer BNPL ACH 88

Nanonets

SEPTEMBER 22, 2023

This includes setting clearly defined payment terms, establishing a systematic follow-up process for unpaid invoices, and maintaining open lines of communication with customers. Streamlining the collection process through automation tools can further enhance efficiency and accuracy, reducing the risk of manual errors and delays in payments.

Accounts 52

Accounts Best Practices Automation Procedures 52