Bank transfers
Bank transfers are the digital equivalent of paper checks, allowing funds to be moved directly between bank accounts in a secure and reliable way. They are a well-established and trusted payment method that offers a convenient alternative to paying by card or other traditional methods.
With Cleverbridge, bank transfers give customers the flexibility to pay directly from their accounts without the need for a credit card, which can be particularly valuable in regions where card adoption is lower. For merchants, they provide an additional layer of payment coverage, expanding reach into new markets and ensuring customers can complete purchases using the method they trust most.
ACH Credit
ACH credit is a payment method available in the USA and utilizing an Automated Clearing House, an electronic network used by businesses nationwide to make automatic payments. ACH credits function like a digital check, transferring money from one bank account to another. Both parties---whether an individual or a business---must authorize the transaction, as money cannot be transferred to or from someone's bank account without a formal permission.
SEPA Wire Transfer
SEPA Wire Transfer is a type of bank transfer that enables euro-denominated funds to be transferred between bank accounts within Single Euro Payments Area (SEPA).
SWIFT Wire Transfer
A SWIFT wire transfer is an electronic method of moving funds from one account to another, enabling parties in different geographic locations to exchange funds. Wire transfers might be domestic or international.
Zengin Fund Transfer
Zengin Fund Transfer is a type of bank transfer available in Japan. The system that stands behind Zengin Fund Transfer links financial institutions via the internet, enabling transactions like wire transfers and remittances to be conducted between them.