Stax

JUNE 23, 2025

The operator will send the files to the recipient’s bank, which is called the RDFI (Receiving Depository Financial Institution). You will know if the RDFI has pulled the funds when you receive your payment. Lower transaction costs Compared to credit card processing or wire transfers, ACH transfers are typically more cost-effective.

ACH

Stax

JUNE 27, 2024

If you’ve been accepting and using electronic payments in your business, you’ve probably come across two of the most popular terms in the digital payments scene— automated clearing house (ACH) and wire transfer. International wire transfers can take up to 7-10 days Costs and fees Around 1% of the payment amount.

Wire Transfer

Nanonets

MARCH 21, 2023

NACHA is a non-profit organization that is self-regulating, and they’re responsible for supervising and making rules for ACH transactions. All ACH transfers are processed through the centralized ACH network operated by NACHA, ensuring secure and accurate transfer of funds to the intended bank account.

ACH

Payment Savvy

NOVEMBER 10, 2022

Instead, they are under the jurisdiction of NACHA (The National Automated Clearing House Association), which establishes the rules and regulations that all the institutions that are part of the network follow. First of all, ACH payments are a lot cheaper than, for example, wire transfers.

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