Demystifying Bank Transfers

Money-moving strategy

Amazingly enough, moving funds between different places is not an easy task. Especially, if you consider such criteria as cost, time, and other factors. Selecting the right money-moving strategy may be a challenge for many merchant service industry players. Some strategies allow you to do bank transfers in real time only and cost a lot, but take less time to clear. Other strategies do allow to process large batches of transfers but are more time-consuming and involve greater risks. The basic approaches, utilized for moving of funds include bank wires, bank drafts, and debit networks.

More information on types of bank transfers can be found in the respective article on #Paylosophy.