Paper checks and wire transfers have their drawbacks. From high transaction costs to slow processing times (for paper checks), these payment methods boast numerous inconveniences. ACH and Wire payments, on the other hand, have become a preferred choices among businesses looking to lower payment processing fees and streamline their vendor payment processes.
There are two primary types of adaptive payments:
Parallel payments, where payments that are sent directly to each receiver with the fees shared by each receiver respectively, and chained payments, where payment is remitted to one receiver who is liable for the overall transaction, including remitting payments to secondary receivers.