Electronic Fund Transfer (EFT)

Netgiros bank/wire transfer solution Electronic Fund Transfer (EFT) is an easy and cost-effective way to reach more local consumers. Those who do not have credit cards or Internet bank accounts. And those who simply feel insecure about sharing card or bank account details with an online store.

Netgiro’s EFT solution also includes a market-leading reconciliation tool that automatically matches up to 90% of all payments and thereby makes your administration easy.

What is it?

EFT is a local account-to-account fund transfer. The consumer completes the payment by transferring money to a local account owned and operated by Netgiro.
 

Merchant benefits	Consumer benefits	Applicable markets
High recognition — most consumers are familiar with fund transfers. Broad reach — everyone can use it. Low risk — consumers cannot dispute a completed transfer. Automated transaction matching tool  — reduces manual administration. Single integration — with local accounts in each market.	Familiarity Easy to use Consumer controls the payment	Worldwide

 

Interested in EFT? Or in a more cost-effective EFT service?

Contact us to discuss your current program or for a program bid.