I pay my electricity and my gas bill with bank transfers. And I use "Chase Quick pay" to pay family and friends all the time (Chase quick pay is a kind of a bank transfer available only to Chase customers)
I think you may actually need to be a large institution to qualify for the ability to do EFT, but you definitely need to work with a payment processor who can do that. I'd suggest you call an Authorize.net sales rep and see what they say about it.
here's some background information:
http://www.gymassistant.com/products/gym_assistant/eft_explained.php
http://www.cybersource.com/products/payment_processing/direct_debit_bank_transfers/
> On Dec 4, 2014, at 8:34 AM, Hassan Schroeder <hassan.schroeder@gmail.com> wrote:
>
> On Thu, Dec 4, 2014 at 5:09 AM, Carlos Mathiasen <gunmath987@gmail.com> wrote:
>> The First method is just TRUST.
>> Another method is using a Payment Processor, the most know here is
>> MercadoPago[0]. MercadoPago doesn't give the money to the seller before you
>> receive the product.
>> Then if for some reason you don't receive the product then the money is
>> going back to you.
>>
>> But the key is TRUST.
>
> OK, none of that helps. What *actually happens* to execute a
> "bank transfer"?
>
> If you're shopping online and you want to make a purchase, what
> information do you have to provide and where does it go?
>
>> But like Colin said: "I think we are getting a bit off topic."
>
> I disagree; the OP wanted advice on e-commerce based on bank
> transfers, and I'd like to understand what that involves, since it's
> not a common payment form here in the US.
>
> --
> Hassan Schroeder ------------------------ hassan.schroeder@gmail.com
> http://about.me/hassanschroeder
> twitter: @hassan
>
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