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

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If you’ve been accepting and using electronic payments in your business, you’ve probably come across two of the most popular terms in the digital payments scene— automated clearing house (ACH) and wire transfer. International wire transfers can take up to 7-10 days Costs and fees Around 1% of the payment amount.

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What is an ACH Deposit and How Does It Work?

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When a business owner chooses ACH debit, they don’t have to fill out paperwork for every payment, change, or adjustment to their business. Most ACH deposits are completed within 1-3 business days. Employers can also opt for same-day ACH transfers for the quickest bank-to-bank transactions.

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