What Is an EFT Withdrawal and How Does It Work?

by Cheqly team | | EFT Withdrawal

Money movement remains one of the most important aspects of today’s largely digital business environment. The days of relying solely on cash or paper checks to settle transactions are over. With electronic funds transfer (EFT) withdrawals, companies and individuals can make payments safely and quickly, often within the same day or a few business days, … Continued

How to Pay International Vendors: A Complete Guide

by Cheqly team | | International Vendors Payment

This guide covers different ways to pay international vendors, what to think about before paying, and how to keep your transactions safe, fast, and affordable. Key Takeaways  What are international payments?  The term “cross-border payments” or “international payments” is a general term that encompasses all payments that are transmitted from a financial institution in one … Continued

How Businesses Can Start Accepting ACH Payments

by Cheqly team | | Accept ACH Payments​

Accepting ACH payments is a clever, low-maintenance way to collect your customers’ payments. In the year 2024, businesses made a total of 7.35 billion B2B payments via the ACH Network, which represents an 11.6% increase over the previous year and shows that ACH is becoming a faster, more reliable way of funds transfer, reports NACHA. … Continued

Digital Wallet vs Mobile Wallet: Which is Better?

by Cheqly team | | Digital Wallet vs Mobile Wallet

Nowadays, people rely more on the high-speed modern digital system than physical cards and cash. Digital wallets and mobile wallets are emerging as preferred payment methods because they offer a rapid, secure, and user-friendly service to both business operators and shoppers.  Actually, the number of digital wallet users worldwide is predicted to exceed 5.2 billion … Continued

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