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Navigating the ACH Landscape: Understanding Payment Types and Payment Codes

EBizCharge

ACH payments offer a secure, reliable, and cost-effective way to transfer funds for payroll, recurring bill payments, direct deposits, and other routine transactions. These transactions are processed in batches, making them more efficient and less costly than wire transfers or card payments.

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ACH SEC Codes

Payment Savvy

First of all, ACH payments are a lot cheaper than, for example, wire transfers. One wire transfer can cost you even up to $25 to send – and that’s only within the United States. International wire transfers increase the costs even more. IAT – International ACH Transaction Entry.