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Posts: 25
Registered: ‎05-20-2013

wire transfers on a site

Hi all,

 

I have worked with authorize.net to setup up credit card and ACH checking account payments on a site.

 

But now I am curious if there is also a way to support wire transfers on the site also... (or if that is even possible on a site)...

 

Thanks in advance for the assistance

 

Dave

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Registered: ‎06-23-2011

Re: wire transfers on a site

No. Check with your bank about ACH (Automated Clearing House) transactions. If you will only be doing transfers to a limited number of entities, you can just set them up in your ACH account and then transfer money using whatever API your bank offers. Keep in mind that money won't actually go from Authorize.net to your bank account until after the daily batch run, and money has to be in your bank account before you can transfer it elsewhere.