Difference between ACH and Wire Remittance

ACH is an electronic clearing system among U.S. financial institutions, used to make electronic credit and debit transfer payments for institutions nationwide in the U.S. It can only be transferred between banks within the U.S. and usually takes 2-3 business days to complete the transaction, the point of ACH is that the handling fee is cheaper, but the drawbacks are also obvious: no traceability, pre-game risks and hidden dangers, Wire through Fedwire system and SWIFT for clearing, compared to ACH more time-efficient and more secure. In general, ACH is suitable for North American e-commerce platforms to receive money, such as Paypal, Amazon, etc., while Wire is suitable for general trade wire transfers worldwide.