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

Stax

Some people refer to ACH payments as direct debit, direct deposit, or auto-transfer. ACH is also the technology behind most peer-to-peer money transfer services in the US, including Paypal, Zelle, Cash App, and Venmo. Bill payments – ACH payments are also used to pay monthly and recurring bills.

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ACH vs. EFT Payments: What’s the Difference?

Payment Savvy

What Exactly is an ACH? Depending on your end goal, there are a few different types of ACH. They pretty much break down into ACH payments and ACH transfers, both encompassed within the ACH network. ACH VS EFT Payment Times. EFT Transfers, depending on the platform used, usually happen instantaneously.

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