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How to Choose Between EFT vs ACH: A Comprehensive Guide

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To choose the right payment method, consider transaction volume, transfer speed, cost, and security. For example, ACH transfers use the Automated Clearing House network, while debit card transactions rely on either a card network (Visa or Mastercard) or a payment processor (Paypal, Stripe, etc.).

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

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Non-discriminatory – Federal regulations like the Electronic Funds Transfer Act (EFTA) have guidelines in place to ensure that cash discounts are offered to all customers who pay using cash without discriminating against customers who pay using credit. Does the provider have contract length requirements?

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5 Benefits of ACH Payments Over Check Payments

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ACH transfers, or payments made through the Automated Clearing House network, account for billions of dollars in payments annually. in payment volume growth in Q4 2021. The EFTA outlines a set of rights and responsibilities for both the consumers and businesses involved in ACH payments. in Q4 2021.

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