# Payment methods

## Manual EFT

Accept Manual EFT payments, or electronic bank transfers, made via banking apps or portals, over API.

[Contact sales](https://stitch.money/payment-methods/manual-eft#contact-sales)

## Track and manage manual transfers from business and consumer accounts

For larger businesses with a commercial or corporate bank account and which require dual authorisation, or customers that prefer to make transfers via their banking app or portal, Stitch enables Manual EFT or electronic bank transfer.

Add Manual EFT as a method alongside others, or as a fallback, and reconcile all transactions in one place.

### Enable transfer initiation 24/7

Payments can be initiated anytime, including weekends and public holidays.

### Maintain existing bank relationships

Keep any existing direct relationships with banks. Track and reconcile transactions from any bank, and those made by customers off-platform, from one dashboard.

### Get notified, instantly

Receive instant notifications when a manual transfer has been initiated, so you can allocate funds or products accordingly.

### Offer backup for failed or missed payments

Offer Manual EFT in combination with other methods to give customers an additional way to make a once-off payment.

## How it works

EFT transfers from customer bank accounts, to yours.

Customers can pay using Manual EFT by logging into their banking app or portal and initiating a transfer to a specified account. Customers enter a unique reference to enable efficient reconciliation and payment allocation.

1. Select EFT at checkout
2. Follow the instructions on screen to log into your banking app or portal and initiate a payment
3. Authenticate the payment and the merchant is notified instantly

## ISO 27001 + PCI DSS Level 1 certified

Stitch meets the highest possible global standards of data security and protection. Our policies move through constant iteration and undergo rigorous testing in order to ensure that we proactively mitigate any potential threats to Stitch’s payment- and client data.

## FAQs

1. What is a manual EFT?
2. How long do manual EFTs take to clear?
3. How can customers pay with Manual EFT?
4. How long does a bank transfer take to settle?
5. Is bank transfer the same as manual EFT?
6. What is the fastest way to make a bank transfer?