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What is an EFT Payment? Everything to Know About This Method of Payment

Stax

Learn More Debit and credit card transactions Perhaps the most commonly known EFT payment type is credit and debit card transactions. Unless your business is intentionally cash-only, you’ll likely need to accept the major card brands such as Visa and MasterCard to stay in business. Q: Are EFT payments safe?

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5 Benefits of ACH Payments Over Check Payments

Stax

They are an additional type of payment you can take along with debit card transactions and credit card payments from card networks like Mastercard, Visa, American Express, and Discover. Of course, ACH payments do not come with the same interchange fees that credit card transactions do.

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What is a Cash Discounting Program and How Does It Work?

Stax

TL;DR A cash discount program is when a business offers its customers incentives to pay using cash for a product or service instead of a credit or debit card. A cash discount program is when a business offers its customers incentives to pay using cash for a product or service instead of a credit or debit card.

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Chargeback Rules: What Laws & Regulations Govern the Dispute Process?

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The Electronic Fund Transfer Act (EFTA) Enacted in 1978, EFTA regulates bank responses to consumer complaints and sets liability limits for lost or stolen debit cards. It was a response to emerging technologies like ATMs, electronic POS terminals, and remote banking.