ACH vs. Wire Transfer: Which Is More Secure?
ACH transfers are typically safer than wire transfers. With ACH, funds are reversible in fraud or payment error cases, and the criteria banks use to determine these reversals will vary according to each institution’s policies (though typically, it would depend on how...
The Difference Between ACH Payments and Wire Transfers
As a small business owner, you have many options to send and receive payments, including electronic funds transfers (EFTs). In this article, we’ll discuss two electronic methods of payment that appear similar at face-value: ACH payments and wire transfers. Though both are EFTs, they function differently. By knowing how each works, you can better use these EFTs to your benefit.
Risks Of Accepting ACH Payments; Fraud And Failures
Running a successful business requires constant vigilance when it comes to protecting your company’s assets. Corporate accounts must be safeguarded to the greatest extent possible when processing payments like automated clearing house (ACH) payments. Because we...
How Does A Small Business Accept And Receive ACH Transfers?
How Does A Small Business Accept And Receive ACH Payments? Businesses and individuals use ACH payments to move funds from one bank account to another. The funds you send through this process will be deposited into your receiving institution within a few days, making...