Electronic Funds Transfers


EFT Overview

What is EFT ?

> How it works

What it costs

EFT Setup

Why EFT ?

Why ANYPAY ?

General info

Glossary


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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