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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. Global ACH is available but only for bank-to-bank networks Wire transfers have no geographic limitations.
What Are ACH returns? Automated Clearing House (ACH) payments are electronic payment processing carried out between two financial institutions (e.g., An ACH return means that the ACH failed to charge money from a customer’s account. How Does an ACH Transaction Work? clearing, delivery, settlement).
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