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EFT
Overview
What
is EFT ?
> How it works
What it costs
EFT Setup
Why EFT ?
Why
ANYPAY ?
General info
Glossary
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How EFT works with ANYPAY:
Here's
the general workflow for EFT transactions with ANYPAY:
-
You
register your bank account. Now we have your bank details
that are needed for the EFT transaction.
-
You
create transactions manually (send
+ request money by email) or by using our button,
Email Billing or Mass
Payment tools for automation.
-
Your
customers open or log into their account, and enter their bank
details (or select a bank account registered earlier).
The payment is added to the queue of transactions pending
for processing.
-
Transactions
pending for processing can be downloaded by you as a batch ACH
or BACS file at any time (eg. each bank day or only once a week).
You then forward the file to your processor.
-
Funds
are credited to / taken from your bank account after a certain clearing
time (typically 3 days).
Next: What
it costs
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