What Are Intermediary Banks? What Do They Do?

by Cheqly team | | Intermediary Bank

Let’s say you are an entrepreneur and you need to make a payment to a supplier or business partner who is operating outside the country. This can be problematic since you have to deal with different currencies, regulations, and banks. This is the time when intermediary banks intervene. They simplify the transfer process by serving … Continued

What’s an ACH Routing Number & How can I Find it?

by Cheqly team | | ACH Routing Number

An ACH routing number is a code made up of nine digits, enabling American banks to send money electronically. An ACH number is a requirement for bank transfers in the ACH network. This method of operation helps reduce the probability of errors and expedites the transaction by ensuring that the accounts are properly connected to … Continued

What’s Apple Pay? How does it work?

by Cheqly team | | Apple Pay

Most people have started using Apple products like phones, watches, etc. The most effective payment option is Apple Pay, which is a reliable and safe option among online payment methods.  With Apple products, including iPhones, iPads, Macs, and Apple Watches, customers may purchase in stores, through applications, and on websites using Apple Pay, a mobile … Continued

What are Mobile Payments?

by Cheqly team | | Mobile Payments

When you make a payment using a mobile device, it is called a mobile payment. These regulated transactions are completed digitally without putting or swiping a credit or debit card into a point-of-sale terminal. Therefore, clients can pay online using simple devices, such as mobile phones. In 2025, mobile payments are expected to account for … Continued

What is a Cashless Payment?

by Cheqly team | | Cashless Payment

You know how important it is for your company to take cashless payments. You’ve probably heard of (and used) credit cards and other cashless payment options like Apple Pay, Google Pay, Bizum, and others. However, what does the modern digital world mean by cashless payments, and what are the benefits and drawbacks of accepting them … Continued

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