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ACH vs Wire Transfer Explained Which is Right for You
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Electronic payments have long been the norm in most of the world, with paper checks considered an antiquated unsophisticated and rarely used payment mechanism. The one lone exception has been the US – until now. That is all changing. There are two main methods of making an electronic payment in the US. We’ll take a look at both of them, examine the pros and cons of each and suggest when you should use each. Stick around until the end when we share some ways you can solve a nightmare AP problem and save a bundle at the same time. Accounts payable efficiency extends to the payment process and selecting the right payment tool. #accountspayable #payments #payment
Link to ACH 4 Types Explained
Link to Paper Checks: More Expensive Than You Might Think
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
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See all short tips at:
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00:00 Introduction
00:41 Types of Electronic Payments
00:57 Wire Transfer Costs
01:57 Bonus Wire Tip
02:17 Wire Transfer Uses
04:45 ACH Costs
06:10 Not a Record to be proud of
06:43 Use of ACH
Link to ACH 4 Types Explained
Link to Paper Checks: More Expensive Than You Might Think
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
Subscribe for more tips and insights like this:
+++++++++++++++++++++++
See most recent videos at:
See all short tips at:
Learn more about AP Best Practices; Playlist at:
Learn more about Internal Controls in AP; Playlist
Looking for Automation insights: Playlist at:
00:00 Introduction
00:41 Types of Electronic Payments
00:57 Wire Transfer Costs
01:57 Bonus Wire Tip
02:17 Wire Transfer Uses
04:45 ACH Costs
06:10 Not a Record to be proud of
06:43 Use of ACH
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