Electronic payment systems, including ACH transfers, have some limitations:
Connectivity and Technical Issues: Electronic payment systems rely on technology and internet connectivity. Any disruptions or technical glitches can temporarily hinder the ability to initiate or process payments.
Security Concerns: Even though electronic payment systems utilize a variety of security safeguards, there is always the possibility of data breaches, fraud, or unauthorized access to sensitive financial information.
Dependency on Financial Institutions: Electronic payment systems depend on financial institutions infrastructure and operations. Any disruptions or issues with the banks or payment processors can affect the smooth functioning of electronic payments.