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What is ACH?

The automated clearing house (ACH) system is a nationwide network through which depository institutions send each other batches of electronic credit and debit transfers. It allows payments in the U.S. and internationally.

Invoice discounting is structured like a loan, with interest payable plus an administration fee.

Invoice factoring charges are known as a ‘factor rate’, which is based on level of risk, volume of invoices, and the time credit is extended for, amongst other factors.

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