I thought payroll taxes deferred in 2020 had to be re-paid. Does ERTC work the same way?

You are most likely referring to a provision of the CARES Act that allowed employers to defer the deposit and payment of the employer’s share of Social Security taxes. Those deferrals must then be repaid – with at least 50% of the balance due by 12/31/21 and the remaining balance due by 12/31/22.
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ERTC credits are NOT a deferral. They are dollar-for-dollar credits against wages you’ve paid. Not taxes you’ve paid, but actual wages.
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These credits can offset future tax contributions or you can receive a refund check – it’s your choice.
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And you will NOT have to re-pay these funds (unless, of course, you don’t provide adequate documentation in the course of an audit).

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