PayStand: PayStand is our online, secure payment platform —to submit secure ACH and credit card payments. Payments received through PayStand are automatically applied to the order, which makes it the fastest payment method to get an order into production!
ACH: ACH is used for direct deposit of monthly debits for routine payments. Merchants often enable consumers to pay bills via ACH by providing an account number and bank routing number. ACH transactions can sometimes take several days to complete.
Wire Transfer: A wire transfer is an electronic transfer of funds via a network that is administered by banks and transfer service agencies around the world. Wire transfers involve a sending and receiving institution and require information from the party initiating the transfer, such as the receiver's name and account number.
The sender pays for the transaction upfront at their bank. This party must provide its bank with the following information:
The recipient's name, address, and contact number, along with any other personal information required to facilitate the transaction
The recipient's banking information, including their account number and branch number
The receiving bank's information, which includes the institution's name, address, and bank identifier (routing number or SWIFT code)
Domestic Wire Transfers
A domestic wire transfer is any type of wire payment that takes place between two different banks or institutions within the same country. Senders may require a code or the recipient's branch number if they want to execute a transaction.
International Wire Transfers
International wire transfers are initiated in one country and settled in another. Senders must initiate international transfers even when they send money to someone in another country who has an account at the same bank. These payments require a routing or SWIFT code.