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What Is an EFT Payment?

Payment Savvy

Many different platforms facilitate P2P payments; Paypal and CashApp are two popular examples. ACH is an automated clearing house network for electronic funds transfers in the United States. Each day, a financial institution will send a batch of transactions to the ACH network for processing.

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How to Manage Recurring ACH Payments in QuickBooks

Nanonets

Though usually just called ACH payments or ACH transfers, the term more specifically refers to a national payment network that banks and other institutions rely upon to process payments securely and accurately between parties. ACH payments are generally fast during the work week but aren’t instantaneous.

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