BluePay Blog

Wire transfers and the Automated Clearing House (ACH) network are two of the most popular ways to send and receive money electronically. In fact, both methods are so common that they’re often used interchangeably.  For many applications, wire transfers and ACH are essentially the same. But as a merchant, it’s important you understand how these two platforms differ. Doing so allows you to choose the right payment option for your business.  Let’s take a look. 

Topics: ACH/eCheck Payments, Recurring Billing and Electronic Invoicing, E-Commerce and Online Payments, Small Business Tips

Digital payments have grown rapidly as a preferred payment option among consumers, but not so quickly among businesses. Often slow to advance to new technologies due to lack of knowledge about the benefits, business owners stick with their tried and true payment methods like checks, cash, and credit cards.  Over the course of the last few years, the B2B payments space has expanded. According to Deloitte, global B2B payments are set to reach $23.1 trillion by 2020. With that growth, businesses still want to make sure they are getting the best services, pricing, and security for those transactions. 

Topics: ACH/eCheck Payments, B2B, E-Commerce and Online Payments, Payment Trends

As the name implies, an electronic funds transfer (EFT) describes the process by which parties send and receive money (i.e., “funds”) through electronic channels. Although the term is often used interchangeably with Automated Clearing House (ACH) payments, EFTs encompass a much broader range of payment options, including wire transfers, e-checks and even PayPal. 

Topics: ACH/eCheck Payments, Financial Institutions, Consideration

We’ve all used paper-based checks to send and receive money. ACH payments work the same way, complete with user-submitted account numbers and bank routing numbers. The main difference, however, is that all payments happen electronically over the Automated Clearing House (ACH) Network.

Topics: ACH/eCheck Payments, E-Commerce and Online Payments, Payment Technology, Getting Started with Payments

Topics: ACH/eCheck Payments

Topics: ACH/eCheck Payments

Topics: ACH/eCheck Payments

Topics: ACH/eCheck Payments, Recurring Billing and Electronic Invoicing

Automated Clearing House (ACH) is a federally regulated electronic network used by banks to send and receive bill payments, e-checks, direct deposit statements and other types of transfers. This interbank network is similar to what financial institutions use for wire transfers, but ACH usually works best for batched, automated or recurring payments.

Topics: ACH/eCheck Payments

Topics: ACH/eCheck Payments