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Benefits of ACH Bank Transfers
ACH bank transfers are one of the most common ways for businesses to move money in the United States—with more than 6 billion ACH payments initiated in the second quarter of 2019. In 2018, the ACH Network moved more than 23 billion payments and $51 trillion.
Bank transfers through the ACH Network have all kinds of applications, from personal savings companies to lending platforms. With Dwolla, businesses can pay lower transaction fees compared to credit cards—while having incredibly consistent processing times.
“Dwolla was able to free us from the imposed payout restrictions and thanks to their straightforward API documentation, we were up and running in 10 days with our own branded bank transfer solution.”