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How to Choose Between EFT vs ACH: A Comprehensive Guide

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A cash shortage, a payment delay, and limited payment options. Thats why 92% of consumers and 82% of companies reportedly made the switch to electronic payments, like Electronic Funds Transfers (EFT) and Automated Clearing House (ACH). EFT and ACH payments are fast, secure, and hassle-free. In 2024, it processed 1.2

ACH 88
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How Tariffs are Impacting Payments and Credit Card Processing

Clearly Payments

But they also have a ripple effect that extends to merchants pricing strategies, customer behavior, and yes, even how payments are processed. While credit card processing fees arent directly subject to tariffs, many businesses are seeing indirect impacts that affect their bottom line. Not directly.

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Visa Interchange Rates 2024: What You Need to Know

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If your company accepts credit card payments ( which it should ), chances are, you’re going to be affected by Visa’s interchange rates. Visa is one of the biggest payment networks in the world, with ~4.2B cards currently in use. So it’s virtually impossible for a business to not accept Visa cards.