ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?
Stax
JUNE 27, 2024
ACH is also the technology behind most peer-to-peer money transfer services in the US, including Paypal, Zelle, Cash App, and Venmo. For international wire transfers, also known as remittance transfers, the bank uses SWIFT (Society for Worldwide Interbank Financial Telecommunication), also known as BIC (Bank Identifier Code).
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