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Yes but, not sure this is a fair comparison. Doesn't ACH transactions take 1 to 2 business days to settle by design, as they are processed in batch and go throu
by reese_john 5y ago
Yes but, not sure this is a fair comparison. Doesn't ACH transactions take 1 to 2 business days to settle by design, as they are processed in batch and go through an intermediate clearing house ?
Venmo/PayPal/Fedwire transactions should be able to settle in real time, which can be more convenient at the expense of easy reversability
- woodruffw 5y agoVenmo and PayPal are, to the best of my knowledge, settled via ACH if you use a bank as your source of funds. That's what I've always done, since it provides the greatest amount of personal control over my transactions. If you use a payment card (debit or credit) with a payment service, then they might use either the payment card's network or ACH, depending on what the card issuer supports.