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Wire Transfer vs ACH

A Comparison between Wire Transfers and ACH Payments Wire transfers and ACH payments are two of the most used electronic methods to send or receive funds. They’re essentially similar in terms of application, but as a merchant, you need to understand how they work and what their core differences are so you can decide which…
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What is a SWIFT Code?

What is a SWIFT Code? Understanding SWIFT/BIC Codes When you make an international payment, banks will ask you for some key pieces of information to ensure your fund transfer will be sent to the right bank and recipient. Among other requirements, you’ll need to provide a bank identification code: a SWIFT address. What is a…
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Complete Guide to IBAN Numbers

IBAN 101: Everything You Need to Know About International Bank Account Numbers Wiring money abroad? Before you can receive or make international payments, you’ll need an IBAN first. IBAN stands for International Bank Account Number, a unique code assigned to an individual bank account involved in overseas transactions to help banks process transfers around the…
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What Is A Wire Transfer

Wire Transfers: Everything You Need to Know Electronic money transfer or also known as wire transfer — you’ve probably heard about this from business transactions, and financial institutions. To put it simply, you are sending a specific amount from your own bank to the bank account of the recipient, be it for commercial or personal…
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