EFT or Electronic Funds Transfer
Generally, this refers to moving funds between accounts electronically. This can be via a credit card, a debit card, a wire transfer, a direct debit, or other means.

Wire Transfer
This refers to a transaction that is initiated by an account holder to move funds from an account at one institution to This customarily has to be arranged directly with the account holder's financial institution. And customarily, the account holder furnishes very specific account information to which the transfer will be made. Wire Transfers are not made using Blackbaud products.

Direct Debit / ACH Transfer
This is a form of EFT/Electronic Funds Transfer that is likened to an "electronic check." The information used is the 9-digit routing number and a bank account number.

Credit Cards / Check Cards / Charge Cards
This is another form of EFT/Electronic Funds Transfer that uses a network of banks/institutions to move funds between account. The information used is an account number specific to that network ("credit card number").

  • Credit card refers to an account where a financial institution extends a credit line to its account holder -- a loan of sorts.
  • Check Cards are similar to credit cards, except that the account is tied usually to a checking account or savings account and the limit that can be spent are the funds in the account.
  • Charge cards are similar to credit cards with the chief difference being that the account must be paid in full each statement period.
Personal Check / Business Check
This type of payment usually starts with a paper check. However, the information on the check initiates an electronic transfer of funds (refer to direct debit/ACH).