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Re:How ACH works: A developer perspective – Part 2 by mike_hearn on Wednesday May 14, 2014 @08:17AM (#7743281)
It's popular because SEPA transfers are really cheap, compared to paying with credit cards.

Last time I paid with SOFORT I noticed that they hadn't committed the wire transfer. KLM issued me with my flight tickets, but the wire transfer was sitting in the outbox and could have been cancelled. Not sure what happens if I cancel a payment like that - does the merchant get notified and cancel the flight tickets too?

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