[xtracto]

About 3 years ago I was raising money in the USA for a Mexican FinTech startup. Said startup uses Mexico's equivalent of ACH to transfer money (it is called SPEI).

VCs in the US were amazed when we told them that SPEI transfers costed $.4 USD and the money was moved in 15 minutes or less.

Fast forward years later I work in a company that uses ACH, I have came to know some of its internals, and man how bad it is... taking up to 5 days to clear a transaction, and never really giving you an ACK signal (but you have to wait and pray not to get a NACK).

Sometimes the USA surprises me the bad way.

[cal5k]

Canada is like this as well.

[inspector-g]

Like Mexico, or like the US? (Your comment is ambiguous; genuinely curious)

[Spoom]

In some ways Canada is like the US (e.g. use of checks) but in others they are like Mexico / Europe (Interac, i.e. PIN-based payments, email money transfers).

[NullPrefix]

yes