Since ACH and card payments can be reversed or charged back, is there any electronic payment method in the U.S. that is truly irreversible?

Asked Oct 9, 2014· 1 answer ·Americas, Developed Markets, North America, United States

Faisal KhanAnswered Oct 9, 2014

An irrevocable payment guarantee / bond being cashed out is a one-way transaction. Cannot be reversed.

Payment Finality Payment Infrastructure Domestic Payment Schemes Payment Clearing Americas Developed Markets North America United States

Related in Domestic Payment Rails, National Switches and Clearing Systems

How long does it take to transfer the money to the bank?1 ans Are wire transfer funds available immediately after sending?1 ans What stops banks from processing electronic transactions on weekends and public holidays?1 ans What influence do banks have over the creation of new ACH-style networks by startups and large corporations?1 ans