Legal, Payment Amount and Transaction Limits

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

Stax

JUNE 27, 2024

ACH Payment Wire Transfer Speed of transactions Typically takes 1-3 days for the receiving bank to receive the funds Within a day for a domestic wire transfer. International wire transfers can take up to 7-10 days Costs and fees Around 1% of the payment amount. No fees on the receiving side.

Wire Transfer

Wire Transfer Wire Wires ACH

What is a Merchant Cash Advance and is MCA Right for You?

Stax

MAY 2, 2024

The lender will take a predetermined percentage of your daily or weekly sales until the advance amount plus factor rate and other charges are fully repaid. They’re synonymous with a financier giving you a certain advance amount in exchange for your future credit card sales. Besides, the payment amount is a percentage of your income.

Credit Cards

Credit Cards Small Business Finance Accounts

Payments Space

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

What is a Merchant Cash Advance and is MCA Right for You?

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