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ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?

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

Wire Transfer Wires Wire ACH

ACH SEC Codes

Payment Savvy

NOVEMBER 10, 2022

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. An ACH payment, on the other hand, costs less than a dollar to process.

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SEC Codes ACH ODFI Wire Transfer

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ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?

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