I've been hearing a lot about EFT recently and I'm wondering what makes it so popular. Is it the efficiency, the convenience, or some other factor that's driving people to use it? I want to understand the reasons behind its widespread adoption.
7 answers
Nicola
Thu Dec 26 2024
Another benefit of EFTs is their flexibility.
CryptoVisionaryGuard
Thu Dec 26 2024
Electronic Funds Transfers (EFTs) offer numerous advantages in terms of speed.
alexander_smith_musician
Thu Dec 26 2024
Unlike cash or checks, which often require physical delivery, many forms of EFTs can be done entirely online.
SsangyongSpiritedStrengthCourage
Thu Dec 26 2024
While traditional payment networks can sometimes take several days to clear a payment, EFTs are generally much faster.
SsamziegangSerenadeMelodyHarmonySoul
Thu Dec 26 2024
This online capability allows for business to be conducted from virtually anywhere, as long as there is an internet connection.