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They share several key characteristics, including: Cost-effective and reliable digital transactions ACH and EFT both enable direct bank-to-bank transfers, reducing the costs and security issues associated with cash and checks. Checks can get lost without a trace, but electronictransfers leave behind a digital trail.
When you’re selling products or services that cost thousands of dollars, you end up paying hundreds of dollars in credit card fees. Using ACH payments reduces your processingcosts to a fraction of what you’d typically pay when a client uses a credit card. This also makes ACH payments ideal for high-value transactions.
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