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Why do you need to send a wire transfer? A giro transfer clears within a few minutes, and a credit card charge is accepted within seconds. What's the use-case
by paulmd 9y ago
Why do you need to send a wire transfer? A giro transfer clears within a few minutes, and a credit card charge is accepted within seconds. What's the use-case that is not acceptably covered by those options?
- milcron 9y agoI'd never heard of a giro transfer. In the states we use ACH and it takes 2-5 days to clear. The ACH numbers are also reusable - your numbers never change, and they can be used for withdrawal as well as deposit.
- paulmd 9y agoMy point is that this a solved problem worldwide, ACH is slow and inefficient, and checking just piggybacks on ACH. It's not normal for bank-to-bank transfers to take two weeks to clear in TYOOL 2017. This is a US problem.