ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?
Stax
JUNE 27, 2024
International wire transfers can take up to 7-10 days Costs and fees Around 1% of the payment amount. All banks in the network have to follow rules and guidelines set by the National Automated Clearing House Association (NACHA). The bank then completes the payment on behalf of the customer. No fees on the receiving side.
Let's personalize your content