Setting up an ACH requires a savings or checking account, routing number, and bank account number. An ACH direct deposit can not happen until this data is shared with the payer. The account information of the payee is always required to set up a direct deposit. Otherwise, how will a business know where to pay you?
When it comes to global supplier management, things can get complicated quickly. Every country has its own regulations and you need to know it all. Changes can happen by the day or even by the hour. The task of managing all supplier data can be quite cumbersome and oftentimes, even challenging. So what are the best ways to ensure these global suppliers are market-compliant and on track?
Get a better understanding of how all three payment solutions operate and you’ll be better equipped to make the right choice. Understand there are options beyond Stripe, PayPal, and Square but we reviewed these for a reason. They all serve very different functions but are top of the market. Selecting the right software will see you to success!