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. The bank then completes the payment on behalf of the customer.
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